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Credit Union loan with poor credit history

  • 18-05-2022 10:03pm
    #1
    123456789j
    Registered Users Posts: 78 ✭✭


    Hi there,

    I am thinking of applying for a small credit union personal loan (3000-5000) in order to go travelling and other personal expenses. I have a full time job, however my credit history is poor as missed a couple of payments on a previous loan over 3 years ago (now paid off). i was hoping to rebuild my credit rating also.

    I am wondering do credit unions allow people to act as guarantor on such a loan? And if so, how likely is it that my loan would be approved if guaranteed by someone with a strong credit rating with savings?



Comments

  • #2
    G_R
    Moderators, Education Moderators Posts: 5,028 Mod ✭✭✭✭G_R


    https://www.boards.ie/discussion/2058246437/credit-union-loan-with-poor-credit-history

    Can't accurately answer this without a lot more information (that you shouldn't provide to someone on the internet).

    Your first step is to get a copy of your CCR report from the central bank and make sure it's showing on in it. This is free and is available from their website.

    If it is, then approach your credit union (or other lenders) and ask them. Worst they can do is say no.



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