Our Credit Repair Loan is designed to assist you improve your credit rating with Credit Reference Agencies.

How it works
You open an account with Moneywise and get a £60 interest free loan.
We put the £60 into a suspense account and hold onto the funds.
You agree to repay £5 per month for 12 months to repay the loan.
At the end of the 12 months we will give you £30 towards your next loan.

With the emphasis on regular repayments we treat the loan in
exactly the same way as all our loans. So we will share your loan information with Credit Reference Agencies.

In applying for this loan we will not conduct a credit search and we will not issue any funds.

Please complete the form below

  In making this application, I understand I will not receive any money until i have completed the loan term  


If you have lived at your current address for less than 3 years, please provide details below


Please tell us your income. Include any benefits and pensions you receive as well as well as salary from employment.

Please tell us about your main source of income

If you are employed, please provide your employers name and address

If you are unemployed, please provide details of the main benefit you receive

  Where i have indicated I am employed, I confirm that I am in a permanent contract and not under notice of redundancy or termination of employment.  

Confirming your identity

When taking requests for new membership we are required to confirm your identity.

When taking requests for new membership we are required to undertake identity checks for all applicants. We do this by using Credit Reference Agencies or asking you to provide supporting documentation.

In addition please provide your bank account number and sort code. This should be the account you wish to be used for payments to and from the credit union.


Important Your Personal Information: Credit decisions and also the prevention of fraud and money laundering.

We may use credit reference and fraud prevention agencies to help us make decisions. What we do and how both we and credit reference and fraud prevention agencies will use your information is detailed in

A Guide to the use of your personal information by ourselves and at Credit Reference and Fraud Prevention Agencies
A copy can be provide by calling our Head Office on 0191 276 7963

Moneywise recognises individual concerns about how your personal or financial information is dealt with by us. Our privacy notice sets out how we deal with this information and how and when it may be shared with others

  I accept the use of Credit Reference Agencies and declare that the information given by me on this form is true and correct, to the best of my belief.  

Credit is only available to members of Moneywise Credit Union. In making this application, if successful, you are accepting the rules of the credit union and agree to be bound by them.

  In making this application I apply for membership of moneywise Credit Union and agree to abide by the rules.  

To complete your application please ensure your Email address is correct and then select Apply below.