The Family Loan from Child Benefit works like this.
You have your Child Benefit paid into the Credit Union every week or 4 weeks. You can borrow for the things your family needs now, -home furnishings, the new washing machine, school uniforms, a holiday, Christmas or that urgent bill, and save for the things they'll need next. Choose to put some into a Christmas account, or into accounts for your children's future, or have a regular amount transferred back to your bank, it's up to you.
When your loan is paid off you'll have savings, or we may offer you a credit limit for future borrowing. As always, we'll check that any loan is affordable, and that you are on top of your regular bills.
It works for thousands of families across the UK, could it work for yours?