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credit union loans

  • 23-11-2015 8:32pm
    #1
    limerickperson
    Registered Users Posts: 16 ✭


    Hello all

    Just wondering if anyone could advise on the following.

    I have applied for a loan with my credit union that I have been with with for 20 odd years and have been approved in principal.

    They have asked me for a tax clearance certificate / letter from an accountants saying my tax is in order.I can provide neither for one reason or another

    Basically I am asking is it just a piece of paper they want or will the check with the accountants.

    Any advice would be wlecome


Comments

  • #2
    Spocker
    Moderators Posts: 6,864 ✭✭✭Spocker


    They will check with the accountants, and if you can't produce either document, it's unlikely you'll get the loan as-is. Have you someone that may be able to go as guarantor on the loan?


  • #3
    Henry Ford III
    Moderators, Business & Finance Moderators Posts: 17,725 Mod ✭✭✭✭Henry Ford III


    They want to know that you don't have any tax debts due that'll potentially threaten repayment of their loan. Doesn't sound too unreasonable.


  • #4
    badgerbroc11
    Registered Users Posts: 141 ✭✭badgerbroc11


    Henry Ford III wrote: »
    They want to know that you don't have any tax debts due that'll potentially threaten repayment of their loan. Doesn't sound too unreasonable.

    They may also be trying to verify your income. If you give them your last notice of assessment and a statement of account both of which can be requested from there tax office then they'll be happy.


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