A flexible way to borrow
Our Family Finance Plan gives you a safety net for unexpected costs, or expensive times like Christmas or back-to-school.
Switch your Child Benefit payment to a credit union account, and you’ll qualify for a pre-approved credit limit of £500 for you to access whenever you need it. The Family Finance Plan is easy to manage and you don’t need a perfect credit history to apply.
- Repay your balance with your Child Benefit
- Option to build savings as you borrow
- Only pay interest on what you use
Please note, depending on how often your Child benefit gets paid and how you choose to switch, it could take up to 28 days to set up your account and release funds.
Once your Child Benefit has been successfully switched, you’ll be able to start using your £500 credit limit straight away. See our Family Finance Plan FAQs for more information.
42.6% APR representative.
If you borrow £500 when your account is set up and don’t borrow again from your limit then you will repay £11.50 per week for 51 weeks with a final repayment of £10.42 in week 52. Total amount payable is £596.92, which includes interest of £96.92. Interest is fixed at 36%, 42.6% APR Representative.