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

What will happen to UB overdraft if not cleared?

Desertmoon1 · 2022-04-24 20:01:52

I have opened new account elsewhere and planned to pay a bit each month to clear UB overdraft, but due to health issue in family and household income cut in half now I'm not going to be able to clear it by time they exit. What will happen then?

24-04-2022 9:01pm

#1

Desertmoon1

Registered Users Posts: 61 ✭✭

Join Date: January 2020

Posts: 55

I have opened new account elsewhere and planned to pay a bit each month to clear UB overdraft, but due to health issue in family and household income cut in half now I'm not going to be able to clear it by time they exit. What will happen then?

0

Comments

#2 24-04-2022 9:07pm

hynesie08

Registered Users, Registered Users 2 Posts: 9,834 ✭✭✭

Join Date: October 2008

Posts: 9800

They'll take it, put your account in the negative and sell the debt on.

0
#3 24-04-2022 9:36pm

[Deleted User]
Posts: 864 ✭✭✭

Join Date: -

Posts: 864

Overdrafts are usually repayable on demand are they not?

Post edited by [Deleted User] on April 2022

0
#4 24-04-2022 9:38pm

[Deleted User]
Posts: 0 ✭

Join Date: -

Posts: 0

To be honest, the best thing you can do is give them a buzz and try to get ahead of it. At the very least, just engage with them. Best of luck.

1
#5 25-04-2022 2:10pm

Henry Ford III

Moderators, Business & Finance Moderators Posts: 17,739 Mod ✭✭✭✭

Join Date: January 2006

Posts: 17409

https://www.boards.ie/discussion/comment/118971500#Comment_118971500

Technically all loans are I think.

0