Do you want to take control of your finances - but not sure where to start?

Do you need a bit of help sorting out your financial priorities online?

The Financial Service Authority (FSA) - free Financial Health Check will give you some tips for a healthier financial lifestyle - now and in the future

It will only take a few minutes. There's no need to dig out bank statements or old insurance policies. Just answer a few simple questions and they will make some suggestions based on what you tell them.

The Financial Healthcheck was developed jointly by the BBC and the FSA, the UK watchdog for the financial services industry

The healthcheck aims to give you some information to help you identify your financial needs and make your financial decisions. It only provides a general guide and you shouldn't take any decisions based solely on your feedback.

Click here for Health Check »

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Loans, credit cards, mortgage payments, bills - are you worried about your finances?

The FSA Debt Test will help you to find out whether you have - or are likely to have problems with your borrowings.

-tell you whether you should worry about how much you borrow;
-give you tips on how to avoid debt problems; and
-help you to tackle your debts should you be in trouble.

Click here for Debt Test »

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Borrowing money, when done responsibly, can help build or restore a credit rating, make necessary purchases, return to school, start a business or create economic opportunity.

We have developed a number of loan products and financial programs to provide access to credit for Southwark residents.

Anyone in receipt of benefits knows how hard it is to get help with a loan from most lenders - apart from loan sharks or door-to-door lenders who charge exorbitant interest.

London Mutual Credit Union (formerly known as the Southwark Credit Union) is able to offer safe low cost loans to their members who are on benefits. Benefits can be paid into the Credit Union, they will deduct the agreed loan repayment plus a small amount for savings, and you can withdraw the rest.

Call us on 020 7787 0770 for further details.

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. Free Loan Protection Insurance

What is Free Loan Protection?
Credit unions provide free life insurance on your credit union loan, one of the unique benefits of credit union membership. This means that in the event of your death, your credit union loan balance is paid off by this insurance so you needn't worry about passing on debt to your next of kin when you die.*

This benefit fulfils one of the credit union movement's unique principles of ensuring that the member's debt dies with them. It is a unique benefit to credit union members and would cost extra money with most other institutions.

What Does Loan Protection Cover?
Loan Protection insurance automatically covers 100% of credit union loans held by members aged between 16 and 80, to a maximum value of £10,000. If your loan amount is higher than £10,000, Loan Protection insurance will cover the first £10,000 of the loan.

When does Loan Protection Not Apply?
Any new loan agreements are subject to a six month Pre-existing Condition Limitation. This means that should you die as a result of a pre-existing medical condition (for which medical advice, consultation or treatment was received), within 6 months of taking out your loan, Loan Protection insurance will not be applied.

Loan Protection Insurance does not cover death due to HIV/Aids, Suicide, Terrorism or War.

*Terms and conditions apply

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