Pedro Santana's community profile page

Write a review

Go to business site

Viewing profile for,

Pedro Santana

Total reviews written

Helpful marks given to their reviews

Times reviews seen

All reviews (2)

Review of the Sheffield Credit Union, Loans:

View on product page

None profit?.

Sheffield Credit Union charge 42 % interest for 100 to 1500 loan. Unbelievable. Reviewed on: 14th August 2022

Pedro Santana

1 user marked as helpful

Reply from Sheffield Credit Union Hi Pedro, we are certainly non-profit. This means that we do not operate to make a profit, but that if we make a surplus, we pay it back to our members as a dividend on their savings and/or use it to develop our services to our members. All our members have a savings account automatically when they apply, as this is one of the things that makes a credit union different. The interest rate of 42.6% is the maximum credit unions charge, and for similar loans elsewhere, the interest rates are much higher. Banks do not tend to provide loans of this size (they aren't profitable to them) and other lenders online or in the high street charge more - mostly 99% or more. We also charge our interest on a decreasing balance basis, so if you pay more on a repayment, you pay less interest. There are no penalties for repaying early either. Credit Unions are worldwide non-profit organisations set up to provide safe savings and affordable loans to all their members. I hope this reassures you. Response date: 23rd December 2022

Review of the PayPal, PayPal Credit:

View on product page

Great

Very easy and helpful I'm using it and I don't have any complaints Reviewed on: 12th July 2022

We are helping 1000s to make smarter financial decisions

We use the power of consumer reviews to help increase trust and transparency in financial services and to deliver industry leading insight and events.