ENNISCORTHY CREDIT UNION READY TO HELP WITH BURDEN OF BACK TO SCHOOL COSTS

AS children in County Wexford enjoy their freedom from school, parents are already preparing to shoulder the burden of the back to school spend. The latest research by Zurich reveals that back to school expenditure continues to increase – on average for a child in primary education the cost is around €830 p.a. with secondary school costs coming in at a hefty €1,495.

With costs this high, it’s not surprising that almost three quarters of parents say the back to school spend is a financial burden, with 29% saying they will get into debt because of it. A survey conducted by the Irish League of Credit Unions found that a substantial one in four say they will be forced to deny their children basic school items this year because they cannot afford them.

Enniscorthy Credit Union has always been on hand to provide financial assistance to parents in our area as they try to manage these annual costs. Offering a Back to School loan at a very affordable 12.68% APR* rate, Enniscorthy 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.

*Cost of Finance: for a €1,000, 1 year variable interest rate loan with 52 weekly repayments of €20.43, an interest Rate of 12%, a representative APR of 12.68%, the total amount payable by the member is €1,062.13. Information correct as at 27/07/2018.