Affordable Loans Wins ‘Fair Lender’ Award at Credit Awards

Posted by: Rachael Simpson on May 12 2017 | Tagged:

 

Affordable Loans, an initiative Scotcash is proud to be a founding member of, won the ‘Fair Lender’ award at last night’s Credit Awards in London – Credit Strategy’s flagship event of the year.

 

The ‘Fair Lender’ award was part of the ‘Conduct & Culture’ category sponsored by Lowell and recognises Affordable Loans’ ability to level the playing field when it comes to obtaining credit. Many people who cannot apply to mainstream financial sources are often left with no choice but to turn to unethical, high-cost lenders and find themselves paying the “poverty premium”.

 

Affordable Loans is formed of a group of Credit Unions and CDFIs, including Scotcash, who help their customers to break the cycle of unmanageable debt. The other community lenders involved are Scotwest Credit Union, Five Lamps, Manchester Credit Union and Leeds Credit Union.

 

 Affordable Loans (1)

 

It is an honour to be part of this winning team, as the other finalists are also excellent examples of ethical lenders around the UK:

Amigo Loans

Dollar UK

Liberis

MYJAR

Places for People Financial Services

Shawbrook Bank

Zopa

 

Sharon MacPherson, CEO of Scotcash CIC commented:

We are delighted to be recognised by such prominent industry figures.  Affordable Loans demonstrates how our unique approach can help consumers get a fair deal, something that is at the very heart of everything Scotcash does

 

Responsible Finance, one of the supporters of Affordable Loans, also congratulated the partnership on the win, tweeting:

Congratulations to  on winning the Fair Lender Award at the  against stiff competition!