West Sussex Credit Union Reviews, Loan Calculator and Complaints

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Acceptance Criteria

You will need to provide: proof of ID, proof of address, proof of income (two wage slips/DWP income support letters/tax credit letters), last 2 months bank statements and a completed membership form
You don't need to have a good credit history
You need to be 18 years of age or older to apply

It doesn't matter if you are employed, unemployed, on benefits, a carer, a homemaker or on Job Seeker's Allowance, anyone can apply
You don't need to have been a UK resident for any specified length of time
You don't need to have a bank account

You must be living in West Sussex to become a member

Loan Details

APR

16.9% - 26.8%

Representative APR

26.8%

Loan Amount

£100 - £10,000

Repayment Period

Most loans are to be repaid within 18 months, but can be extended up to 5 years

Repayment Method

Standing Order

Payroll Deduction

PayPoint

Speed To Payout

5 - 10 working days

Arrangement Fee

No Fee

Payment Holidays

None Available

Payout Method

Cheque can be cashed at the Post Office

Cheque payable in your name

Income Protection Available

No

Areas Covered

Guildford
Brighton
Portsmouth
Redhill

Average Customer Review

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Loanfinder Ranking

245th for APR of 423 loans in the UK (See Lender League Table By APR)

About West Sussex Credit Union

You must be living in West Sussex to become a member.

Credit Unions offer a few different unsecured loans for any purpose. Their loans are considerably cheap and are based on your proven ability to repay, this is why they do a thorough check of your income and expenditures. You need to be a member but you can apply for a loan as soon as you become a member. Depending on your weekly income, you can borrow up to £3,000.

If you earn less than £125 weekly your maximum first loan allowed is £300.
If you earn less than £150 weekly your maximum first loan allowed is £400.
If you earn less than £200 weekly your maximum first loan allowed is £500.
If you earn less than £250 weekly your maximum first loan allowed is £900.
If you earn less than £300 weekly your maximum first loan allowed is £1,250.

First you will need to become a member of the union. To apply for a loan, you need to complete the Loan Application Form, which is on their website. Make sure that you also send them the supporting documents. All loans are reviewed by the Loan Officer. They will inform you of their decision within 3 days of receiving your documents and you will be asked to sign a Loan Agreement.

The process may in some cases take up to two weeks so this is not a good option for you if you need your money quickly. You can manage your loan online so if you need to make changes, you don't need to contact them or go into a branch. With credit unions, the money you are borrowing is the money of other members, so if you fail to make payments, they take this very seriously. They have extensive opening hours (compared to other credit unions), which makes it easier for you to go in to organise all your documents and sign your agreement. They want to help you rebuild your finances if you haven't got a good history. Their rates are extremely low and their repayments are really small each month.

Main Office
Monday-Friday: 9:00am-5:00pm
Saturday: 9:00am-2:00pm