Irish Independent: Charlie Weston – Ask the Expert


with Kevin Johnson, CEO of the Credit Union Development Association (CUDA)

Q: I need to borrow €500 and was going to get it from the local moneylender – is that the handiest and quickest option?

Firstly, no matter where you take a loan from, CUDA’s advice is to only borrow if you believe, with certainty, that you can afford to repay the loan out of your current income. That applies whether your income is a social welfare benefit or salaried income. Credit unions have an ethos of supporting those in their local community, which means they are likely to do their utmost to assist you.