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consolidating e5000 of debt

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  • 24-07-2008 1:03pm
    #1
    turf
    Closed Accounts Posts: 243 ✭✭


    k so if finished my degree.. and got a sweet job. but i hav 2 overdrafts from 2 different banks, a maxed out credit card and some other debt.


    i plan on paying it back over 18-24 months cause its not much of an issue, i could afford to pay of 120-150 a week but im thinkin more round 50-60 a week for now..


    would a credit union loan be the best option? or a bank loan? does a credit union loan let me pay back bigger payments than in the contract?


    thanks, i duno what to do bout this.. i've bad wit money so i want fixed payments to keep me on track.


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    #2
    stepbar
    Closed Accounts Posts: 6,123 ✭✭✭stepbar


    Banks don't generally take on other banks debts. You might be better off applying for a loan based on your mandated salery (with which ever bank it comes into) and take it from there. I wouldn't imagine 5k would be such a big problem.


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    #3
    Bottle_of_Smoke
    Registered Users Posts: 9,770 ✭✭✭Bottle_of_Smoke


    turf wrote: »
    would a credit union loan be the best option? or a bank loan? does a credit union loan let me pay back bigger payments than in the contract?

    If it's a variable rate loan you can pay back as much as you want at any time without being charged extra


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    #4
    turf
    Closed Accounts Posts: 243 ✭✭turf


    well i'm in debt to the bank that its being paid into.. i dunno what to do. i found out you have to have money in the credit union to get a loan and i cant afford that.

    i've a new predicament now anyway, i don't get paid for a month so i have no money for 4 weeks.. literally not a penny. its stressin me out.


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    #5
    steo87
    Closed Accounts Posts: 510 ✭✭✭steo87


    turf wrote: »
    well i'm in debt to the bank that its being paid into.. i dunno what to do. i found out you have to have money in the credit union to get a loan and i cant afford that.

    i've a new predicament now anyway, i don't get paid for a month so i have no money for 4 weeks.. literally not a penny. its stressin me out.

    Hey Turf, contact your local MABS office, they can offer you helpful assistance here.

    W: http://mabs.ie
    Ph: 1890-283438


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