Cash-strapped Darlington Borough Council support Darlington Credit Union with £50,000 grant

The Northern Echo: Council leader Bill Dixon Council leader Bill Dixon

A CASH-STRAPPED council has dug deep to support its local credit union with a £50,000 grant.

Darlington Borough Council’s leader Bill Dixon announced the grant yesterday, saying it would play a part in steering the town’s residents away from payday lenders and unaffordable loans.

The money has been granted to Darlington Credit Union, which will use it to support people needing to buy household goods and furnishings.

The scheme will offer the town’s residents affordable loans as an alternative to the high interest rates offered by some high street retailers and payday loan companies.

Councillor Dixon said: “This is a £50,000 investment that could save people in the Borough more than £250,000.

“That has got to be a good investment. Despite us being desperately short of cash it is something we can do to that will have major benefits for people.

“There are an awful lot of people only just making ends meet and all they need is a washer or a fridge to go and they are in real trouble.”

Tony Brockley, chair of Darlington Credit Union, welcomed the funding boost.

He said: “A problem people have is that they manage to get a property but then have to afford the things to put in there.

“We all want things straight away and the temptation is to go to places where their weekly payments look appealing.

“We are trying to offer a sensible alternative and it is great that the council is willing to support an initiative which helps tenants to avoid future debt.

“If tenants are not taking on punitive debt at high rates over long terms then the chances of them falling into debt or arrears are less.”

Comments (38)

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3:34pm Thu 24 Apr 14

hogworth says...

When did supporting credit unions financially and keeping people away from payday loan companies become ratepayers responsibility?
When did supporting credit unions financially and keeping people away from payday loan companies become ratepayers responsibility? hogworth
  • Score: 45

3:48pm Thu 24 Apr 14

tabby67 says...

I agree hogworth OMG just looking at that mans picture makes my blood boil!!!
The headline says it all cash strapped ---but can afford to pay that amount for something that's not a necessity for crying out loud!
I am looking forward to the day that man retires!
I agree hogworth OMG just looking at that mans picture makes my blood boil!!! The headline says it all cash strapped ---but can afford to pay that amount for something that's not a necessity for crying out loud! I am looking forward to the day that man retires! tabby67
  • Score: 26

3:48pm Thu 24 Apr 14

oliviaden6 says...

Since Bill Dixon is looking for brownie pounds??????
Since Bill Dixon is looking for brownie pounds?????? oliviaden6
  • Score: 10

3:53pm Thu 24 Apr 14

BMD says...

tabby67 says... I am looking forward to the day that man retires!

He will never retire, the council trough is to tasty
tabby67 says... I am looking forward to the day that man retires! He will never retire, the council trough is to tasty BMD
  • Score: 10

3:57pm Thu 24 Apr 14

Darloresident says...

Always money available for Puffing Billys own pet projects..
Always money available for Puffing Billys own pet projects.. Darloresident
  • Score: 17

4:36pm Thu 24 Apr 14

Council employee1 says...

This must be the money that they are taking off over 30 of the low paid workers on street scene some workers are going to lose up to 20% of there pay while they are throwing money round like there is no tomorrow. The biggest joke with the council is that the low paid get money took off them and some of the bosses are getting a pay rise out of these changes
This must be the money that they are taking off over 30 of the low paid workers on street scene some workers are going to lose up to 20% of there pay while they are throwing money round like there is no tomorrow. The biggest joke with the council is that the low paid get money took off them and some of the bosses are getting a pay rise out of these changes Council employee1
  • Score: 28

4:43pm Thu 24 Apr 14

settheworldonfire says...

THEY ARE NOTHING BUT IDIOTS.....TIMES OF AUSTERITY AND THEY GIVE £50000 TO A CREDIT UNION....THE FORMAT OF A CREDIT UNION IS THAT MEMBERS PUT MONEY INTO SAVINGS AND THEN CAN BORROW MONEY AT LOW RATES.....NOT COUNCILS GIVE THEM MONEY....F.F. SAKE....
THEY ARE NOTHING BUT IDIOTS.....TIMES OF AUSTERITY AND THEY GIVE £50000 TO A CREDIT UNION....THE FORMAT OF A CREDIT UNION IS THAT MEMBERS PUT MONEY INTO SAVINGS AND THEN CAN BORROW MONEY AT LOW RATES.....NOT COUNCILS GIVE THEM MONEY....F.F. SAKE.... settheworldonfire
  • Score: 17

4:54pm Thu 24 Apr 14

DarloXman says...

You could not make this up!

CouncilEmployee1 is totally correct - many of the lower paid council employees are losing approx £2000 per year from their salary whilst this discretionary spending continues and Ada Burns continues to pick up her obscene £186,000 annual salary!

This is all from a supposed Labour council - I suggest Nigel Farage is very right that Labour have deserted the working man and are feathering their own nests! I see from his Linkedin profile Mr Brockley has aspirations to become a councillor. Any guesses which party anyone?

I also note that the credit union has just 4000 members - with many of these being savers! So how many people of Darlington is this grant going to actually assist?

This will only change when we people of Darlington stop re-electing the Labour Party!
You could not make this up! CouncilEmployee1 is totally correct - many of the lower paid council employees are losing approx £2000 per year from their salary whilst this discretionary spending continues and Ada Burns continues to pick up her obscene £186,000 annual salary! This is all from a supposed Labour council - I suggest Nigel Farage is very right that Labour have deserted the working man and are feathering their own nests! I see from his Linkedin profile Mr Brockley has aspirations to become a councillor. Any guesses which party anyone? I also note that the credit union has just 4000 members - with many of these being savers! So how many people of Darlington is this grant going to actually assist? This will only change when we people of Darlington stop re-electing the Labour Party! DarloXman
  • Score: 15

4:55pm Thu 24 Apr 14

John Durham says...

hogworth wrote:
When did supporting credit unions financially and keeping people away from payday loan companies become ratepayers responsibility?
DBC merely following the wish of the Prime Minister:

David Cameron PMQs - 'What we need to do is give more support to credit unions in our country. That is one of the best ways of addressing this whole problem of payday loans and payday lending.'
[quote][p][bold]hogworth[/bold] wrote: When did supporting credit unions financially and keeping people away from payday loan companies become ratepayers responsibility?[/p][/quote]DBC merely following the wish of the Prime Minister: David Cameron PMQs - 'What we need to do is give more support to credit unions in our country. That is one of the best ways of addressing this whole problem of payday loans and payday lending.' John Durham
  • Score: -1

6:51pm Thu 24 Apr 14

LUSTARD says...

nice to see labour and conservative members getting along swimmingly, they both wear the same coloured jackets in private. with identikit priced and styles homes an all ....................
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nice to see labour and conservative members getting along swimmingly, they both wear the same coloured jackets in private. with identikit priced and styles homes an all .................... .................... .................... .................... .................... .................... .................... .................... .................... .................... .................... .! LUSTARD
  • Score: 0

7:01pm Thu 24 Apr 14

andygib263 says...

Lets be fair though, the Credit Union does a cracking job and will borrow money to anyone who demonstrates a need. I save with them and no, whilst the interest rate is minimal, the money is secure and used to support my fellow citizens.

I appreciate peoples concerns regarding the use of public money but its alot better than spending it on flowers!
Lets be fair though, the Credit Union does a cracking job and will borrow money to anyone who demonstrates a need. I save with them and no, whilst the interest rate is minimal, the money is secure and used to support my fellow citizens. I appreciate peoples concerns regarding the use of public money but its alot better than spending it on flowers! andygib263
  • Score: -1

7:34pm Thu 24 Apr 14

Gamechanger says...

It shows the contempt thar this council has for its workers when it snatches thousands of pounds from some of its lowest paid workers, pleads poverty yet can find £50,000 of unnecessary financial support for the credit union. There are organisations such as Frade that already provide very cheap household goods to those in need. How is this grant going to be used? Will loans be means tested? How do we know the loans given out will be spent on household necessariies or will the council be supporting someone's loan to fund their holiday to Spain?
It shows the contempt thar this council has for its workers when it snatches thousands of pounds from some of its lowest paid workers, pleads poverty yet can find £50,000 of unnecessary financial support for the credit union. There are organisations such as Frade that already provide very cheap household goods to those in need. How is this grant going to be used? Will loans be means tested? How do we know the loans given out will be spent on household necessariies or will the council be supporting someone's loan to fund their holiday to Spain? Gamechanger
  • Score: 13

9:39pm Thu 24 Apr 14

Got Ya says...

Nice one Billy.........you've stirred the whingers up again. Keep up the good work!
Nice one Billy.........you've stirred the whingers up again. Keep up the good work! Got Ya
  • Score: -4

12:31am Fri 25 Apr 14

stevegg says...

What happened to living within your means Bill? He is encouraging people to spend money they dont have and backing it up with council taxpayers money! Thats taxpayers money your spending, not your own for your own pet projects, its not the councils job to give our money away in this manner to support lenders when services are being cut. Why does the credit union need propping up? Are they recklassly lending more money than actually have in their coffers? A recipe for disaster and why the country is in financial meltdown in the first place!
What happened to living within your means Bill? He is encouraging people to spend money they dont have and backing it up with council taxpayers money! Thats taxpayers money your spending, not your own for your own pet projects, its not the councils job to give our money away in this manner to support lenders when services are being cut. Why does the credit union need propping up? Are they recklassly lending more money than actually have in their coffers? A recipe for disaster and why the country is in financial meltdown in the first place! stevegg
  • Score: 11

8:12am Fri 25 Apr 14

DarloXman says...

stevegg wrote:
What happened to living within your means Bill? He is encouraging people to spend money they dont have and backing it up with council taxpayers money! Thats taxpayers money your spending, not your own for your own pet projects, its not the councils job to give our money away in this manner to support lenders when services are being cut. Why does the credit union need propping up? Are they recklassly lending more money than actually have in their coffers? A recipe for disaster and why the country is in financial meltdown in the first place!
Living beyond your means is all Mr Dixon and his cronies know - this is how Blair/Brown financed their 1997-2010 government - have it now, pay tomorrow!

He actually calls it an investment! It's certainly not for the council tax payer - there is no return at all on this grant!

At a 26% APR for loans the credit union is not a low cost lender! Banks charging this rate on their credit cards used to be called loan shark!
[quote][p][bold]stevegg[/bold] wrote: What happened to living within your means Bill? He is encouraging people to spend money they dont have and backing it up with council taxpayers money! Thats taxpayers money your spending, not your own for your own pet projects, its not the councils job to give our money away in this manner to support lenders when services are being cut. Why does the credit union need propping up? Are they recklassly lending more money than actually have in their coffers? A recipe for disaster and why the country is in financial meltdown in the first place![/p][/quote]Living beyond your means is all Mr Dixon and his cronies know - this is how Blair/Brown financed their 1997-2010 government - have it now, pay tomorrow! He actually calls it an investment! It's certainly not for the council tax payer - there is no return at all on this grant! At a 26% APR for loans the credit union is not a low cost lender! Banks charging this rate on their credit cards used to be called loan shark! DarloXman
  • Score: 10

10:27am Fri 25 Apr 14

andygib263 says...

No idea where you got that interest rate from. 4.9% for loans is the loan rate when I enquired when investing my savings .
No idea where you got that interest rate from. 4.9% for loans is the loan rate when I enquired when investing my savings . andygib263
  • Score: 7

3:17pm Fri 25 Apr 14

SoColdinTheD says...

When did you enquire Andy? The rate used to be 1% on the decreasing balance (a minimum 12% p/a then) and it's now much higher. Regardless they are an honest organisation with an interest in helping local people.

What makes me laugh is how an article such as this can receive attention whilst another local 'voluntary' organisation - eVOLution, has been taking a £45K+ grant for many years, and it is used entirely to pay the salary of its chief executive. In addition, the eVOLution chair person is Cliff Brown, ex-Director of Services (he also hired his wife as head of complaints during his tenure).

I believe the council have recently approached the org to justify their use of this long supplied grant as they've never really asked for any feedback!

The current mayor also happens to be a board member, and the chief exec's husband is a local councillor. But what has eVOLution ever done to justify the spending of the Darlington tax-payer? Very interesting.
When did you enquire Andy? The rate used to be 1% on the decreasing balance (a minimum 12% p/a then) and it's now much higher. Regardless they are an honest organisation with an interest in helping local people. What makes me laugh is how an article such as this can receive attention whilst another local 'voluntary' organisation - eVOLution, has been taking a £45K+ grant for many years, and it is used entirely to pay the salary of its chief executive. In addition, the eVOLution chair person is Cliff Brown, ex-Director of Services (he also hired his wife as head of complaints during his tenure). I believe the council have recently approached the org to justify their use of this long supplied grant as they've never really asked for any feedback! The current mayor also happens to be a board member, and the chief exec's husband is a local councillor. But what has eVOLution ever done to justify the spending of the Darlington tax-payer? Very interesting. SoColdinTheD
  • Score: 51

3:21pm Fri 25 Apr 14

Homshaw1 says...

andygib263 wrote:
No idea where you got that interest rate from. 4.9% for loans is the loan rate when I enquired when investing my savings .
Credit Unions are good.

Whether money should be forcible collected from people via council taxes to finance it is questionable. If people want to invest their own money in it that is a different matter.
[quote][p][bold]andygib263[/bold] wrote: No idea where you got that interest rate from. 4.9% for loans is the loan rate when I enquired when investing my savings .[/p][/quote]Credit Unions are good. Whether money should be forcible collected from people via council taxes to finance it is questionable. If people want to invest their own money in it that is a different matter. Homshaw1
  • Score: 9

3:26pm Fri 25 Apr 14

Homshaw1 says...

Never heard of Evolution. What exactly is it? Its amazing what our taxes are spent on. What other grants and donations do this council make out of our money?
Never heard of Evolution. What exactly is it? Its amazing what our taxes are spent on. What other grants and donations do this council make out of our money? Homshaw1
  • Score: 7

3:38pm Fri 25 Apr 14

DarloXman says...

andygib263 wrote:
No idea where you got that interest rate from. 4.9% for loans is the loan rate when I enquired when investing my savings .
Direct from their website - 26.8% for a loan. Does not state what the current savings rate is but last time I check I think it was in the region of 1%.

http://www.darlingto
ncreditunion.co.uk/p
ages/loans.php

This is meant to be a not for profit organisation. I could certainly turn a decent profit charging 26.8% and paying approx 1% as well as receiving the occasional gift of £50,000 from Darlington Council.

I agree that the principle of a Credit Union is good - but at these rates is this principle actually being realised?
[quote][p][bold]andygib263[/bold] wrote: No idea where you got that interest rate from. 4.9% for loans is the loan rate when I enquired when investing my savings .[/p][/quote]Direct from their website - 26.8% for a loan. Does not state what the current savings rate is but last time I check I think it was in the region of 1%. http://www.darlingto ncreditunion.co.uk/p ages/loans.php This is meant to be a not for profit organisation. I could certainly turn a decent profit charging 26.8% and paying approx 1% as well as receiving the occasional gift of £50,000 from Darlington Council. I agree that the principle of a Credit Union is good - but at these rates is this principle actually being realised? DarloXman
  • Score: 10

4:25pm Fri 25 Apr 14

Homshaw1 says...

So DBC has given £50K of ratepayers money to an organisation to lend back to the people of Darlington at 26.8% interest. Umm!
So DBC has given £50K of ratepayers money to an organisation to lend back to the people of Darlington at 26.8% interest. Umm! Homshaw1
  • Score: 8

6:00pm Fri 25 Apr 14

loan_star says...

Its like giving a streets worth of council tax away.....
Its like giving a streets worth of council tax away..... loan_star
  • Score: 7

3:17pm Sat 26 Apr 14

rat man says...

But I need this loan to help to pay for my extra large flat screen TV, my beer and my fags. Doesn't anybody appreciate how much it costs to keep and feed two rottweilers and a pit bull terrier!
But I need this loan to help to pay for my extra large flat screen TV, my beer and my fags. Doesn't anybody appreciate how much it costs to keep and feed two rottweilers and a pit bull terrier! rat man
  • Score: 7

9:45pm Sat 26 Apr 14

thetruthyoucanthandlethetruth says...

Billy boy Dixon says....

“There are an awful lot of people only just making ends meet and all they need is a washer or a fridge to go and they are in real trouble.”

Doesn't stop you and your thieving cronies putting the Council Tax up every single year though does it you absolute pillock.
Billy boy Dixon says.... “There are an awful lot of people only just making ends meet and all they need is a washer or a fridge to go and they are in real trouble.” Doesn't stop you and your thieving cronies putting the Council Tax up every single year though does it you absolute pillock. thetruthyoucanthandlethetruth
  • Score: 7

10:05pm Sat 26 Apr 14

behonest says...

The government really needs to look at the rules in respect of councils being able to give away such large sums of council taxpayers money.

For Darlington Labour council to recently increase local peoples council tax bills by the maximum amount they can get away with by law, claiming they had to do so because they were so short of money, and then just give away such a large sum of our money to a loan company, beggars belief. Yet they cut our local bus services because, apparently, they 'can't afford them'.
The government really needs to look at the rules in respect of councils being able to give away such large sums of council taxpayers money. For Darlington Labour council to recently increase local peoples council tax bills by the maximum amount they can get away with by law, claiming they had to do so because they were so short of money, and then just give away such a large sum of our money to a loan company, beggars belief. Yet they cut our local bus services because, apparently, they 'can't afford them'. behonest
  • Score: 9

12:26am Sun 27 Apr 14

John Durham says...

behonest wrote:
The government really needs to look at the rules in respect of councils being able to give away such large sums of council taxpayers money.

For Darlington Labour council to recently increase local peoples council tax bills by the maximum amount they can get away with by law, claiming they had to do so because they were so short of money, and then just give away such a large sum of our money to a loan company, beggars belief. Yet they cut our local bus services because, apparently, they 'can't afford them'.
The government would support the actions of DBC. The DWP in 2012 introduced the Credit Union Expansion Project and put up £38 million to help expand Credit Unions around the country.
[quote][p][bold]behonest[/bold] wrote: The government really needs to look at the rules in respect of councils being able to give away such large sums of council taxpayers money. For Darlington Labour council to recently increase local peoples council tax bills by the maximum amount they can get away with by law, claiming they had to do so because they were so short of money, and then just give away such a large sum of our money to a loan company, beggars belief. Yet they cut our local bus services because, apparently, they 'can't afford them'.[/p][/quote]The government would support the actions of DBC. The DWP in 2012 introduced the Credit Union Expansion Project and put up £38 million to help expand Credit Unions around the country. John Durham
  • Score: 0

6:01pm Sun 27 Apr 14

Sezzy08 says...

Well I think it's a great idea I use the credit union and it beats provident loans which are like borrow 100 pay 220 back and it's no ones business what the money has spent on as long as it's paid bck. And u don't just get the money you have to save with them first
Well I think it's a great idea I use the credit union and it beats provident loans which are like borrow 100 pay 220 back and it's no ones business what the money has spent on as long as it's paid bck. And u don't just get the money you have to save with them first Sezzy08
  • Score: 1

10:22pm Sun 27 Apr 14

behonest says...

John Durham wrote:
behonest wrote:
The government really needs to look at the rules in respect of councils being able to give away such large sums of council taxpayers money.

For Darlington Labour council to recently increase local peoples council tax bills by the maximum amount they can get away with by law, claiming they had to do so because they were so short of money, and then just give away such a large sum of our money to a loan company, beggars belief. Yet they cut our local bus services because, apparently, they 'can't afford them'.
The government would support the actions of DBC. The DWP in 2012 introduced the Credit Union Expansion Project and put up £38 million to help expand Credit Unions around the country.
What can council tax payers do to stop Labour councils giving away tens of thousands of their tax pounds to loan companies, whilst at the same time suffering the highest council tax increase that Labour councils can legally get away with enforcing upon them? Nothing!

Except, perhaps, vote UKIP.
[quote][p][bold]John Durham[/bold] wrote: [quote][p][bold]behonest[/bold] wrote: The government really needs to look at the rules in respect of councils being able to give away such large sums of council taxpayers money. For Darlington Labour council to recently increase local peoples council tax bills by the maximum amount they can get away with by law, claiming they had to do so because they were so short of money, and then just give away such a large sum of our money to a loan company, beggars belief. Yet they cut our local bus services because, apparently, they 'can't afford them'.[/p][/quote]The government would support the actions of DBC. The DWP in 2012 introduced the Credit Union Expansion Project and put up £38 million to help expand Credit Unions around the country.[/p][/quote]What can council tax payers do to stop Labour councils giving away tens of thousands of their tax pounds to loan companies, whilst at the same time suffering the highest council tax increase that Labour councils can legally get away with enforcing upon them? Nothing! Except, perhaps, vote UKIP. behonest
  • Score: 2

10:42pm Sun 27 Apr 14

John Durham says...

behonest wrote:
John Durham wrote:
behonest wrote:
The government really needs to look at the rules in respect of councils being able to give away such large sums of council taxpayers money.

For Darlington Labour council to recently increase local peoples council tax bills by the maximum amount they can get away with by law, claiming they had to do so because they were so short of money, and then just give away such a large sum of our money to a loan company, beggars belief. Yet they cut our local bus services because, apparently, they 'can't afford them'.
The government would support the actions of DBC. The DWP in 2012 introduced the Credit Union Expansion Project and put up £38 million to help expand Credit Unions around the country.
What can council tax payers do to stop Labour councils giving away tens of thousands of their tax pounds to loan companies, whilst at the same time suffering the highest council tax increase that Labour councils can legally get away with enforcing upon them? Nothing!

Except, perhaps, vote UKIP.
Why mention Labour? Credit Unions are being supported by councils all over the country - with Tory support.
For example, Conservative party chairman Grant Shapps praised a council initiative to encourage people to use credit unions.
He told the Times: “Credit Unions are a fantastic and sensible service; I am a member of my own local branch and would encourage people to sign up.”
They offer a range of services including fixed interest loans and also support community development.
Some high street cash loan companies, which have seen a marked increase across the borough, charge up to 4,000 per cent interest on borrowing and it is claimed they prey in deprived areas.
Mr Shapps added: “It’s a great way of getting people out of the slip of using loan sharks and rough money lenders and I would encourage anyone to use them.

I say again this is government policy supported by DWP. People always want to put a 'Labour are bad' spin on things that are actually Tory policies. I wonder why?
[quote][p][bold]behonest[/bold] wrote: [quote][p][bold]John Durham[/bold] wrote: [quote][p][bold]behonest[/bold] wrote: The government really needs to look at the rules in respect of councils being able to give away such large sums of council taxpayers money. For Darlington Labour council to recently increase local peoples council tax bills by the maximum amount they can get away with by law, claiming they had to do so because they were so short of money, and then just give away such a large sum of our money to a loan company, beggars belief. Yet they cut our local bus services because, apparently, they 'can't afford them'.[/p][/quote]The government would support the actions of DBC. The DWP in 2012 introduced the Credit Union Expansion Project and put up £38 million to help expand Credit Unions around the country.[/p][/quote]What can council tax payers do to stop Labour councils giving away tens of thousands of their tax pounds to loan companies, whilst at the same time suffering the highest council tax increase that Labour councils can legally get away with enforcing upon them? Nothing! Except, perhaps, vote UKIP.[/p][/quote]Why mention Labour? Credit Unions are being supported by councils all over the country - with Tory support. For example, Conservative party chairman Grant Shapps praised a council initiative to encourage people to use credit unions. He told the Times: “Credit Unions are a fantastic and sensible service; I am a member of my own local branch and would encourage people to sign up.” They offer a range of services including fixed interest loans and also support community development. Some high street cash loan companies, which have seen a marked increase across the borough, charge up to 4,000 per cent interest on borrowing and it is claimed they prey in deprived areas. Mr Shapps added: “It’s a great way of getting people out of the slip of using loan sharks and rough money lenders and I would encourage anyone to use them. I say again this is government policy supported by DWP. People always want to put a 'Labour are bad' spin on things that are actually Tory policies. I wonder why? John Durham
  • Score: 0

10:54pm Sun 27 Apr 14

behonest says...

John Durham says:
"Why mention Labour? Credit Unions are being supported by councils all over the country - with Tory support.
For example, Conservative party chairman Grant Shapps praised a council initiative to encourage people to use credit unions."

Very naughty John, very naughty. But we're not daft enough to miss this Labour trick. There is a world of difference between encouraging people to use credit unions rather than loan sharks, and Labour councils throwing tens of thousands of council tax payers pounds at these companies as a freebie (or 'grant', as they call it), to encourage votes. Labour councils should not be allowed to buy votes with our money, in this way.

I'd like to know what return on investment the Labour council expect to receive for our money. They do not mention it. Is it really just a give away of our money, in such, supposedly, hard times?
John Durham says: "Why mention Labour? Credit Unions are being supported by councils all over the country - with Tory support. For example, Conservative party chairman Grant Shapps praised a council initiative to encourage people to use credit unions." Very naughty John, very naughty. But we're not daft enough to miss this Labour trick. There is a world of difference between encouraging people to use credit unions rather than loan sharks, and Labour councils throwing tens of thousands of council tax payers pounds at these companies as a freebie (or 'grant', as they call it), to encourage votes. Labour councils should not be allowed to buy votes with our money, in this way. I'd like to know what return on investment the Labour council expect to receive for our money. They do not mention it. Is it really just a give away of our money, in such, supposedly, hard times? behonest
  • Score: 3

11:01pm Sun 27 Apr 14

laboursfoe says...

John Durham wrote:
behonest wrote:
John Durham wrote:
behonest wrote:
The government really needs to look at the rules in respect of councils being able to give away such large sums of council taxpayers money.

For Darlington Labour council to recently increase local peoples council tax bills by the maximum amount they can get away with by law, claiming they had to do so because they were so short of money, and then just give away such a large sum of our money to a loan company, beggars belief. Yet they cut our local bus services because, apparently, they 'can't afford them'.
The government would support the actions of DBC. The DWP in 2012 introduced the Credit Union Expansion Project and put up £38 million to help expand Credit Unions around the country.
What can council tax payers do to stop Labour councils giving away tens of thousands of their tax pounds to loan companies, whilst at the same time suffering the highest council tax increase that Labour councils can legally get away with enforcing upon them? Nothing!

Except, perhaps, vote UKIP.
Why mention Labour? Credit Unions are being supported by councils all over the country - with Tory support.
For example, Conservative party chairman Grant Shapps praised a council initiative to encourage people to use credit unions.
He told the Times: “Credit Unions are a fantastic and sensible service; I am a member of my own local branch and would encourage people to sign up.”
They offer a range of services including fixed interest loans and also support community development.
Some high street cash loan companies, which have seen a marked increase across the borough, charge up to 4,000 per cent interest on borrowing and it is claimed they prey in deprived areas.
Mr Shapps added: “It’s a great way of getting people out of the slip of using loan sharks and rough money lenders and I would encourage anyone to use them.

I say again this is government policy supported by DWP. People always want to put a 'Labour are bad' spin on things that are actually Tory policies. I wonder why?
Supported does not always mean funded by..

Bill Dixon hands been bleating for months that the nasty government are strangling DBC coffers. They cancelled the Fireworks display and they are moaning about road repairs, yet he finds money for his pet project and also donates £50,000 of taxpayers money to a supposed 'not for profit' organisation which has a typical APR of 26%

It stinks of hypocrasy, roll on next year!!!
[quote][p][bold]John Durham[/bold] wrote: [quote][p][bold]behonest[/bold] wrote: [quote][p][bold]John Durham[/bold] wrote: [quote][p][bold]behonest[/bold] wrote: The government really needs to look at the rules in respect of councils being able to give away such large sums of council taxpayers money. For Darlington Labour council to recently increase local peoples council tax bills by the maximum amount they can get away with by law, claiming they had to do so because they were so short of money, and then just give away such a large sum of our money to a loan company, beggars belief. Yet they cut our local bus services because, apparently, they 'can't afford them'.[/p][/quote]The government would support the actions of DBC. The DWP in 2012 introduced the Credit Union Expansion Project and put up £38 million to help expand Credit Unions around the country.[/p][/quote]What can council tax payers do to stop Labour councils giving away tens of thousands of their tax pounds to loan companies, whilst at the same time suffering the highest council tax increase that Labour councils can legally get away with enforcing upon them? Nothing! Except, perhaps, vote UKIP.[/p][/quote]Why mention Labour? Credit Unions are being supported by councils all over the country - with Tory support. For example, Conservative party chairman Grant Shapps praised a council initiative to encourage people to use credit unions. He told the Times: “Credit Unions are a fantastic and sensible service; I am a member of my own local branch and would encourage people to sign up.” They offer a range of services including fixed interest loans and also support community development. Some high street cash loan companies, which have seen a marked increase across the borough, charge up to 4,000 per cent interest on borrowing and it is claimed they prey in deprived areas. Mr Shapps added: “It’s a great way of getting people out of the slip of using loan sharks and rough money lenders and I would encourage anyone to use them. I say again this is government policy supported by DWP. People always want to put a 'Labour are bad' spin on things that are actually Tory policies. I wonder why?[/p][/quote]Supported does not always mean funded by.. Bill Dixon hands been bleating for months that the nasty government are strangling DBC coffers. They cancelled the Fireworks display and they are moaning about road repairs, yet he finds money for his pet project and also donates £50,000 of taxpayers money to a supposed 'not for profit' organisation which has a typical APR of 26% It stinks of hypocrasy, roll on next year!!! laboursfoe
  • Score: 3

9:23am Mon 28 Apr 14

MartinMo says...

Sezzy08 wrote:
Well I think it's a great idea I use the credit union and it beats provident loans which are like borrow 100 pay 220 back and it's no ones business what the money has spent on as long as it's paid bck. And u don't just get the money you have to save with them first
If they are in receipt of council tax payers money to fund their lending then all those whom pay council tax are inadvertably saving with them and therefore should qualify for a loan. More to the point, should be receipt of a % of the profit gained from interest charges on the loans.
[quote][p][bold]Sezzy08[/bold] wrote: Well I think it's a great idea I use the credit union and it beats provident loans which are like borrow 100 pay 220 back and it's no ones business what the money has spent on as long as it's paid bck. And u don't just get the money you have to save with them first[/p][/quote]If they are in receipt of council tax payers money to fund their lending then all those whom pay council tax are inadvertably saving with them and therefore should qualify for a loan. More to the point, should be receipt of a % of the profit gained from interest charges on the loans. MartinMo
  • Score: 5

3:31pm Tue 29 Apr 14

settheworldonfire says...

Try looking at the credit union board...Some very interesting folks on that.....People of Darlington should stop voting for Labour and try something new.......Guess it will never happen though... Set in the old ways.....
Try looking at the credit union board...Some very interesting folks on that.....People of Darlington should stop voting for Labour and try something new.......Guess it will never happen though... Set in the old ways..... settheworldonfire
  • Score: 3

5:54pm Tue 29 Apr 14

bambara says...

Sociopath - a person who lacks a sense of moral responsibility or social conscience.

Seeing all these Tory (and UKIP) propoganda merchants on here attacking the support of a credit union, (an organisation that helps those in dire need avoid having to pay loan shark interest rates to the parasitic organisations that charge multiple 1000's %) just demonstrates exactly why I refer to the Tories and the right wing in general as sociopaths.

This is a good use of money, and will help a very worthwhile organisation.
Sociopath - a person who lacks a sense of moral responsibility or social conscience. Seeing all these Tory (and UKIP) propoganda merchants on here attacking the support of a credit union, (an organisation that helps those in dire need avoid having to pay loan shark interest rates to the parasitic organisations that charge multiple 1000's %) just demonstrates exactly why I refer to the Tories and the right wing in general as sociopaths. This is a good use of money, and will help a very worthwhile organisation. bambara
  • Score: -9

6:23pm Tue 29 Apr 14

laboursfoe says...

bambara wrote:
Sociopath - a person who lacks a sense of moral responsibility or social conscience.

Seeing all these Tory (and UKIP) propoganda merchants on here attacking the support of a credit union, (an organisation that helps those in dire need avoid having to pay loan shark interest rates to the parasitic organisations that charge multiple 1000's %) just demonstrates exactly why I refer to the Tories and the right wing in general as sociopaths.

This is a good use of money, and will help a very worthwhile organisation.
I don't think anyone would attack an investment in this organisation, but a donation to an organisation the charges 26% APR is an issue. Especially when this council allegedly faces serious challenges when it comes to funding.

It is not support, it was a grant. A donation.

Plus, if you look on their website it clearly states that the purpose of the loan must be provided and be provident. Avoiding Loan Sharks is not the purpose of the Credit Union, it is to provide responsible people who are in a position to repay an affordable and flexible finance solution.
[quote][p][bold]bambara[/bold] wrote: Sociopath - a person who lacks a sense of moral responsibility or social conscience. Seeing all these Tory (and UKIP) propoganda merchants on here attacking the support of a credit union, (an organisation that helps those in dire need avoid having to pay loan shark interest rates to the parasitic organisations that charge multiple 1000's %) just demonstrates exactly why I refer to the Tories and the right wing in general as sociopaths. This is a good use of money, and will help a very worthwhile organisation.[/p][/quote]I don't think anyone would attack an investment in this organisation, but a donation to an organisation the charges 26% APR is an issue. Especially when this council allegedly faces serious challenges when it comes to funding. It is not support, it was a grant. A donation. Plus, if you look on their website it clearly states that the purpose of the loan must be provided and be provident. Avoiding Loan Sharks is not the purpose of the Credit Union, it is to provide responsible people who are in a position to repay an affordable and flexible finance solution. laboursfoe
  • Score: 5

8:18pm Tue 29 Apr 14

cheapside says...

I noticed that Darlington Credit Union were advertising in The Northern Echo for voluntary collectors to work in Northallerton and Richmond.
I was under the impression that members of a Credit Union were united by a bond.
Darlington Credit Union's bond for membership eligibility was anyone who lives or works in Darlington.
Has this been changed or has the the Darlington Borough Boundary been moved?
Does North Yorkshire County Council know that we have annexed this area? Will we be seeing North Yorkshire militia making their way North armed with pitchforks in an attempt to right this wrong?
Does this boundary move mean that any new Bishop of Durham will no longer need to be met as he processes across Croft Bridge and handed the Falchion?
Will this ceremony now have to be carried out on the A1(M) somewhere near Dishforth?
Credit Unions are fantastic but let's stay within the rules.

How about the Northern Echo doing a bit of real Investigative reporting and finding out the identity of the people behind Wonga and other Pay Day Loan companies. I wouldn't be at all surprised if they are not the same bankers who refuse to give loans to people thus forcing them into a pay day loan.
I noticed that Darlington Credit Union were advertising in The Northern Echo for voluntary collectors to work in Northallerton and Richmond. I was under the impression that members of a Credit Union were united by a bond. Darlington Credit Union's bond for membership eligibility was anyone who lives or works in Darlington. Has this been changed or has the the Darlington Borough Boundary been moved? Does North Yorkshire County Council know that we have annexed this area? Will we be seeing North Yorkshire militia making their way North armed with pitchforks in an attempt to right this wrong? Does this boundary move mean that any new Bishop of Durham will no longer need to be met as he processes across Croft Bridge and handed the Falchion? Will this ceremony now have to be carried out on the A1(M) somewhere near Dishforth? Credit Unions are fantastic but let's stay within the rules. How about the Northern Echo doing a bit of real Investigative reporting and finding out the identity of the people behind Wonga and other Pay Day Loan companies. I wouldn't be at all surprised if they are not the same bankers who refuse to give loans to people thus forcing them into a pay day loan. cheapside
  • Score: 4

12:49pm Wed 30 Apr 14

msca99 says...

It's very short sighted to think you can reduce demand for these loans by blocking the number of stores available. Obviously, these loans serve a need, or they wouldn't be opening stores. If someone needs a payday loan to make rent, and the alternative is eviction, they're going to get the loan whether it's down the street, across town, or online. And for every store you block, that's probably 10 or more jobs you're costing the community. http://speedyloansea
rch.com/
It's very short sighted to think you can reduce demand for these loans by blocking the number of stores available. Obviously, these loans serve a need, or they wouldn't be opening stores. If someone needs a payday loan to make rent, and the alternative is eviction, they're going to get the loan whether it's down the street, across town, or online. And for every store you block, that's probably 10 or more jobs you're costing the community. http://speedyloansea rch.com/ msca99
  • Score: 0

1:00pm Thu 1 May 14

Rover13 says...

And I thought, the muppets where only on the television .
And I thought, the muppets where only on the television . Rover13
  • Score: 0

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