Break Free – the alternative to high cost weekly payment stores

Weaver Vale customers can now benefit from a new project that offers an affordable alternative to high cost weekly payment stores.

The West Cheshire Credit Union, which provides local residents with affordable saving and loan products, has joined forces with Changing Lives in Cheshire to launch their Break Free Scheme, with the support of Cheshire West & Chester Council. 

 

Loan comparison

       Loan Example

Hoover 8kg Washing Machine, Lowest priced washing machine available from high street weekly payment store

Indesit 6kg Washing Machine including delivery purchased from CLiC with a WCCU loan

Cash Price

£ 353.25

£353.25

£219.00

Term

52 weeks

156 weeks

52 weeks

Weekly Payment

£ 8.70

£ 4.50

£5.23

Interest Payable

£99.15

£348.75

£50.15

Total Amount Repayable

£452.40

£702.00

£269.15

APR

69.9%

69.9%

42.6%

 

The Break Free Scheme, which is based at the Changing Lives in Cheshire Outlet Shop, Winsford Cross, offers people the opportunity to purchase new and pre-loved electrical goods and furniture with the option to pay weekly through an affordable credit union loan.  Take a look at the example below to see how much you could save!

Changing Lives in Cheshire is open Monday – Saturday between 9am and 5pm and can be found at 13, Dingle Walk, Winsford Cross.  Alternatively, you can visit www.clic-changinglives.org.uk or call 01606 594142 for more information.

If you're in debt and struggling with your finances, get in touch with our Money Matters Team on please call 01606 813341/813470 or email money mattersteam@wvht.co.uk      

 
   

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