Grandma Hannah McKay, 68, was introduced to responsible finance provider Scotcash six years ago. Their affordable credit service has made a huge difference to her life, ending her dependence on high cost borrowers and getting her finances under control.
“I’ve got three daughters and I started using the Provident and Shopacheck to get a bit of extra money when my youngest, who is now 39, was about nine years old. It was a way of getting extra cash for bits and pieces about the house and stuff like clothes that the children would need. The interest rates were really high but if I was stuck for cash I felt I had nowhere else to go.”
It wasn’t long before Hannah, of Glasgow, found herself stuck in an endless rut of debt.
“I was borrowing more money to pay off one loan after another, it wasn’t a good situation.”
It was after she had seen a leaflet about Scotcash and their money advice services that she gave them a call. Unlike many of the Scotcash customers Hannah did not need a bank account setting up for her, what she needed was help to sort out her loans in a manageable way and assistance to access affordable credit. For Hannah, who was taking small loans of around £200 at a time, it was a turning point. She explained:
“The difference with Scotcash is huge. For a start the interest rates aren’t as high so I repay much less. And the people here listen to me. They understand my circumstances and if I have a problem I know I can come and talk to them, that’s not the case with the others if you can’t make a payment then that’s the point when they start to be unpleasant. Scotcash have helped me take control of my financial situation, I can borrow when I need to for those extra things I’d like but I can afford to pay them back.”