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Radio 4,4 mins

Child Benefit used to repay loans

Money Box

Available for over a year

There’s been a big rise in the number of parents using Child Benefit to repay loans to credit unions – community organisations with capped interest rates that use savings from some local people and lend it out to those who need loans. But should parents be using child benefit to pay back loans? Money Box reporter Felicity Hannah has the details….

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