Credit provider's body endorses CAB report by Finance News Bulletin

Published: 27/11/07

The friendship of British Credit Unions (Abcul) has welcomed the arrival of a report that outlines evils many consumers face when they have benefits paid into their bank accountsevils cited by the report from the Citizens' Advice Bureau taxi include difficulties with ID documents and long delaysSpecial Benefit straight accounts have now been developed by praise unions and other praise amalgamation accounts have become available from providers such as the Co-operative BankAbcul made the announcement during the open of a new product that it says will medicine many of the problems associated with current bank financial records and offer customers a better deal

Abcul chief executive, blot Lyonette, said "We have been watchful of the downsides to many basic bank accounts throughout the time we have been developing our own product praise unions are already committed to making certain people in financial difficulties can right of entry credit union services, and this will be no different with the new accountsHe added: "praise unions will have manage over any charges they make to members in default and will remain committed to as long as great value products to their members and treating each member as an person with individual needs"MoneyExpert Limited is authorised and keeping pace by the Financial Services power (FSA Registration No

301654) The Financial Services Authority does not control some forms of mortgage contract, credit

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