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pausing loan repayments

rya_bren · 2017-08-02 13:26:22

Hi all I'm just looking for a bit of advice. I am currently heading into my final year of college and I am already starting to feel the pressure coming on me. I am hoping to go back to my part time job in September dependant on whether I can manage it with my college work. I currently have a loan with AIB for my car which…

02-08-2017 2:26pm

#1

rya_bren

Registered Users Posts: 38 ✭

Join Date: October 2015

Posts: 28

Hi all

I'm just looking for a bit of advice. I am currently heading into my final year of college and I am already starting to feel the pressure coming on me.
I am hoping to go back to my part time job in September dependant on whether I can manage it with my college work.
I currently have a loan with AIB for my car which is roughly about 5k on it.
What I am wondering is is there a way in which I can pause the repayments for the length of my final year or just pay the interest only on it ?
I'm not sure how the bank would look at this will it look bad on me in years to come when they see that I paused it or would they overlook it given the reason why?

Thanks in advance

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Comments

#2 03-08-2017 10:22am

Henry Ford III

Moderators, Business & Finance Moderators Posts: 17,725 Mod ✭✭✭✭

Join Date: January 2006

Posts: 17395

The only people who could help you on this are the lenders themselves.

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