Ready to help the burden of the Back to School Costs

While school might seem like a distant memory for young people as they continue to enjoy their summer break, it’s a different story for parents. Many parents in North Kerry are already gearing up to prepare for the Back to School spend, which has become a mounting financial burden in recent years.

Research carried out by the Irish League of Credit Unions last year found that school associated costs have increased year on year from 2012. The overall spend for primary school children last year was a substantial €967 per child per year. For secondary school children it was even higher at €1,474 per child per year.

Listowel Credit Union has always been on hand to provide financial assistance to parents in North Kerry as they try to cope with education-related costs. Offering a Back to School loan at a very affordable 9.42% APR* rate, Listowel Credit Union can ensure that the loan terms are structured in a way to suit every individual situation best. There are no hidden payments or transaction fees, and the loan is less expensive than using a credit card or moneylender.

Speaking about the range of options available at Listowel Credit Union to help cover school costs Denis Dillane, CEO said: “On top of paying for school uniforms, shoes, books and transport, paying for extra-curricular activities has also become a big expense of the school year. These additional costs can compound the financial stress of the back to school spend. We are encouraging parents who know they will need to borrow to talk to us first at Listowel Credit Union.”
Denis continued: “Last year we saw a big increase in the number of parents
saying they would shop online to cut costs and we would encourage all parents to shop around, both in local shops and online, to see where they can get the best deals. If you do need a loan, pop in to see us at Listowel Credit Union and we can talk you through the best option for your circumstances.”

*Cost of Finance
For a €1,000, 1 year variable interest rate loan with 52 weekly repayments of €21.13, an interest Rate of 9%, a representative APR of 9.42%, the total amount payable by the member is €1,046.39. Information correct as at 17/07/2017.
Loans are subject to approval. Lending criteria, terms and conditions apply. Listowel Credit Union Limited is regulated by the Central Bank of Ireland.