Wyvern Credit Union encourages savings that benefit our community and helps our members access money responsibly.
Wyvern Savings and Loans is a financial co-operative, owned by its members and as such we are committed to helping our members to manage if they are struggling to meet loan repayments. We recognise that circumstances can change from time to time and that everyone has periods when it becomes hard to make ends meet.
We aim to try and support and guide our members when times are tough and offer a solution wherever possible. However, we recognise the difference between those who ‘can’t pay’ and ‘won’t pay’.
When members won’t pay, we have a duty to do everything we can to recover the debts as it is our members’ savings that have been lent out. This will include legal action where necessary along with direct deductions from salary.
However, we will work hard to support our members who find themselves in genuine financial difficulties.
If you are struggling to repay all your debts, and are unable to make arrangements yourself, you could seek help from one of the following trusted companies: