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Struggling to make repayments on Credit Union loan

  • 16-05-2019 4:02pm
    #1
    hefferboi
    Registered Users, Registered Users 2 Posts: 3,379 ✭✭✭


    I took out a loan last year to buy a car and my circumstances have changed recently and I’m now struggling to make the repayments. I have money in shares that I put against the loan. Is it possible to write off my shares against the loan? This would mean I’d only have a small bit to pay back and would help massively


Comments

  • #2
    kippy
    Registered Users, Registered Users 2 Posts: 18,637 ✭✭✭✭kippy


    hefferboi wrote: »
    I took out a loan last year to buy a car and my circumstances have changed recently and I’m now struggling to make the repayments. I have money in shares that I put against the loan. Is it possible to write off my shares against the loan? This would mean I’d only have a small bit to pay back and would help massively

    Have a talk to the CU directly. They are usually very very helpful in situations such as this and will provide you with options custom to your own requirements and circumstances.


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