Young people are not often taught about the best ways to handle their money, and so at Wave Community Bank, we’re putting together a guide to help prepare you for the future.
The first experience young people often have of credit is through payday loan companies, which can be a slippery slope into lots of debt. Wave Community Bank promises to never loan more than our members can afford to pay back, which is why we’re a safer and more secure option. Our ethos is about preparing members for the future, and turning borrowers into savers. Therefore, all of our loans have a savings element.
We also have a Score Builder loan, which helps to build your credit score and creates a savings pool. This is fantastic for people who are trying to build their credit score, which means they’re more likely to have credit accepted, for instance, when buying a house.
Wave Community Bank is a non-profit organisation, so we invest your money into the community, or lend it out to those in need. Your money stays within the common bond of people living, working, or studying in East Sussex, which means you can be assured your money is always staying local.
We’ve put together a helpful guide to help young people manage their money better, and prepare for the future. You can bank on Wave to be there when you need us.
