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Loans taken from credit unions are generally much cheaper than the loans that are offered by high-street lenders and loan providers, particularly when it comes to borrowing smaller amounts. Additionally, these loans don't incur any dangerous set up fees, early redemption fees or administration costs either. For example, a lot of credit unions will cost around 1% per month on the reducing balance of your loan, which leads to an APR of around 12.7%... If the majority of your debts are restricted to your credit card, then it's important to make sure you pay off as much as possible, as often as possible. If you only ever make the minimum repayments on a credit card, then you could end up taking several years to repay the full balance that is owed, which means that you end up with a damaged credit score and a dangerous financial situation. Most people simply don't realize that their credit report records whether or not they're making a bigger repayment, or the minimum repayment. If you..

Primary location: United Kingdom