Counting the cost of Christmas if you've taken out a commercial loan could add up to a worrying start to the new year for some Island residents.
All the more need for a Manx credit union - according to a working group trying to set one up.
The group's calling on the government to push forward plans to update legislation, to allow a union to be formed.
Credit unions are non-profit organisations which offer small loans at low cost, often for the less well-off to buy essentials.
Each member contributes to the and helps run the organisation.
Chairman of the Manx credit union working group David Talbot says the signs are, Island residents make use of payday loan companies:Clip 1