Getting into debt can happen to anyone. Divorce. Redundancy. Illness. These are just some of the life events which can overwhelm us, leaving us unable to pay household bills and repay credit cards and loans.
Consolidation loans are available to GMB members who wish to combine existing debts into one loan with a manageable monthly repayment, which can dramatically reduce the amount of interest you’re paying to various lenders.
No one likes being rejected for a loan, but there are steps that you can take to deal with this setback. We reveal how to move forward after a loan rejection and how becoming a wiser borrower can improve your chances of being successful. First, we need to understand why personal loan applications are rejected.
Our twenty second Annual General Meeting (AGM) took place by Zoom on Saturday 24 April 2021. For those members who missed it, we have put together a summary of the important matters so that you can catch up any time. For an overview of the AGM and access to quick links to the Zoom recording and more information on the annual dividend read on.
With our focus on affordable lending and market-leading savings rates many members may not be aware that GMB Credit Union has its own monthly Prize Draw. However, after the difficult year we have all shared, we have decided to revamp and enhance our monthly Prize Draw.