Scotcash - Affordable Credit
Scotcash is a not-for-profit, social enterprise and a Community Interest Company (CIC). Founded in January 2007 with help from Glasgow City Council and GHA, the main aim of the organisation is to provide financial products and services to those who have difficulty accessing mainstream sources, such as banks, but including credit unions.
The main service available at Scotcash is Affordable Credit. As credit and loans are not the only area of personal finance which can be difficult to access, help with basic bank accounts, Credit Union savings accounts and money advice for customers are also available. This is achieved through partnerships with organisations such as the Royal Bank of Scotland, the Bank of Scotland, and Barclays. Scotcash is not a payday lender, and with their range of available products, they are more than just another loans company.
Scotcash Affordable Loans and supportive financial services such as income maximisation and benefit checks are currently available to anyone living in the United Kingdom through our online services. Inverclyde Council allocated £150,000 in 2017/18 to enable Scotcash to provide an outreach service in Inverclyde where customers can be seen on a face to face basis.
Scotcash operate as an ethical alternative to home credit, payday lenders, and rent-to-own retailers, as these options can place individuals in dangerous and costly financial situations. The organisation is regulated by the FCA, and is a current member of Responsible Finance. Each situation presented by customers is treated on an individual basis, with the goal of providing the best advice and service at the forefront of each action.
Scotcash services can be accessed through the Scotcash website which you will find within “Related Links” or face to face at the Scotcash outreach at the Inverclyde Heritage Hub, 75-81 Cathcart Street, Greenock, PA15 1DE. Appointments can be made by calling the Scotcash team on 0141 276 0525.
Scotcash is a partner in Inverclyde Deilvering Effective Advice and Support programme (I:DEAS), which provides holistic financial support for each individual. For more Information see Related Links under Contacts.