If you have a new account but are having problems posting or verifying your account, please email us on hello@boards.ie for help. Thanks :)

Hello all! Please ensure that you are posting a new thread or question in the appropriate forum. The Feedback forum is overwhelmed with questions that are having to be moved elsewhere. If you need help to verify your account contact hello@boards.ie

Credit Union loan - overdraft?

pinkles · 2015-05-18 10:38:59

Hi, is hoping to get a loan to pay off a 1000 euro overdraft a no - go for a Credit Union loan.?. I´m looking for around that amount to solve a personal debt problem... but will a credit union need to see an account in credit before approving of a loan? In other words, when they see my bank statement in debit - will the…

Options

18-05-2015 11:38am

#1

pinkles

Registered Users Posts: 117 ✭✭

Join Date: December 2009

Posts: 75

Hi, is hoping to get a loan to pay off a 1000 euro overdraft a no - go for a Credit Union loan.?.
I´m looking for around that amount to solve a personal debt problem...
but will a credit union need to see an account in credit before approving of a loan?
In other words, when they see my bank statement in debit - will the loan application be thrown out? any advice appreciated...

0

Comments

Options
#2 19-05-2015 12:33am
BuffyBot

Registered Users Posts: 24,924 ✭✭✭✭

Join Date: February 2002

Posts: 23571

Each credit union is individual, and will have different attitudes towards lending to debt restructuring. Some will require a history, some will lend without.

Talk to your local credit union: they're pretty approachable and will be able to tell you how they'd look upon your circumstances.

0