CLEVR Money Credit Union: A Lifeline for Financial Resilience

Friday 26 April 2024

The Sun recently featured Charlotte, an NHS worker, and her husband, who found themselves in a difficult financial situation around the birth of their second daughter, but through perseverance and the aid of CLEVR Money Credit Union, they transformed their financial circumstances.

The family was struggling with debts, causing emotional distress, and facing difficult choices between affording essentials like food and heating. Thankfully, Charlotte discovered CLEVR Money Credit Union through an NHS staff newsletter; describing it as a “godsend,” she attested to its transformative impact on her mindset and financial habits.

Taking proactive steps, the couple engaged with creditors with the assistance of Citizens Advice Bureau, arranging manageable repayment plans. Charlotte also initiated a savings scheme through CLEVR Money Credit Union, emphasising the importance of simultaneous saving alongside debt repayment for mental well-being.

“We are so pleased we could help Charlotte turn her finances around and improve her financial health” said CLEVR Money Credit Union Chief Operating Officer, Jackie Colebourne. Jackie continued, “We know it is not easy breaking habits but her will power mixed with the services and expertise of CLEVR Money Credit Union has allowed her journey towards a debt-free life whilst building her savings.

We urge anybody who is struggling with their finances to contact their local credit union because oftentimes we can help.”

The payroll scheme offered by the credit union facilitated regular savings directly from Charlotte’s wages, providing a financial buffer and fostering disciplined saving habits. Additionally, the credit union’s Family Loan proved invaluable during emergencies, offering relief when needed.

Charlotte’s dedication to financial responsibility saw her steadily reducing debt while bolstering savings. Reflecting on the journey, she expressed gratitude for the transformation facilitated by CLEVR Money, remarking, “Without CLEVR Money, we wouldn’t be able to have the life we have as a family.”

The story of Charlotte and her husband stands as a testament to the vital role credit unions like CLEVR Money play in fostering financial resilience and empowering individuals to navigate challenging times with hope and determination.

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