Mae risg sylweddol y bydd pobl mewn angen dybryd a'r rhai sydd â hanes credyd gwael ac nad ydynt yn ymwybodol o ddarparwyr fforddiadwy fel undebau credyd, yn troi at fenthycwyr cost uchel neu anghyfreithlon. Er mwyn lliniaru'r risg hon, rydym wedi sicrhau £620k ychwanegol yn 2022-23 er mwyn i undebau credyd allu parhau ag ymgyrch farchnata ddigidol ddwys ac ehangu eu benthyciadau fel eu bod yn gallu cefnogi mwy o bobl sydd mewn sefyllfa ariannol fregus. Mae hyn ar ben y £500k sydd eisoes yn eu le i gefnogi gwaith yr undebau credyd. Yn ogystal, bydd Cynllun Benthyciad Dim Llog yn dechrau yng Nghymru eleni, a fydd yn helpu hyd yn oed mwy o bobl i gael credyd fforddiadwy pan fydd ei angen arnynt.
There is a significant risk that people in desperation and those with a poor credit history who are unaware of affordable providers such as credit unions, will turn to high cost or illegal lenders. To mitigate this risk, we have secured an additional £620k in 2022-23 for credit unions to continue an intensive digital marketing campaign and expand their lending so they can support more financially vulnerable people. This is in addition to £500k already in place to support the work of credit unions. A No Interest Loan Scheme will begin in Wales this year, which will support even more people to access affordable credit when they need it.