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shillelagh · 13-01-2007, 16:04

Save for 13 weeks - say put £2 a week into your account. This is for you to build some savings and also to show you will be a regular saver. Then you can get a loan of £52. You can have up to a year to pay it back. When you pay it back you agree to save £1 a week as well. So when you've paid back your loan of £52 say over 26 weeks - then you've paid another £26 into your account and if you've paid it back regularly and on time etc. The next loan can be up to £130. because you have £52 in your account and because you've paid your other loan back regularly you can have 2 1/2 times whats in your account.

13-01-2007, 16:04	#28
shillelagh God Member Join Date: Jul 2005 Location: at the border .. Posts: 8,194 Blog Entries: 252 Liked: 1627 times Rep Power: 489677	Re: Loans Save for 13 weeks - say put £2 a week into your account. This is for you to build some savings and also to show you will be a regular saver. Then you can get a loan of £52. You can have up to a year to pay it back. When you pay it back you agree to save £1 a week as well. So when you've paid back your loan of £52 say over 26 weeks - then you've paid another £26 into your account and if you've paid it back regularly and on time etc. The next loan can be up to £130. because you have £52 in your account and because you've paid your other loan back regularly you can have 2 1/2 times whats in your account.