Hi, Apologies in advance for a long post and I hope this makes sense. Borrower had a credit union loan granted in 2007 over a term of 10 years (120 monthly repayments). Loan amount was for circa €50k. As per initial Credit agreement total amount repayable was: Loan amount ~50K plus cost of loan ~28K. Total ~€78K. Over the term of the loan the borrower has had various financial difficulties: - unpaid maternity leave, being let go from job, reduced wages, childcare costs etc. Following consultation with the CU they agreed to reduced payments on the loan. After years of unimproved financial circumstances the CU has used borrowers share balance to clear arrears on the loan and have recently stopped charging interest. Borrower's partner is now being made redundant. With the redundancy payment they wish to clear their debts. Contact was made with CU to explain position and try to agree a figure to close the account. Total repayments on loan so far are ~€55k. Borrower offered to pay CU €23K (to repay to the total loan as per the Initial Credit agreement) and within the 10 year term of the loan. CU are looking for €31K due to interest accrued due to non payment of full payment installments during the course of the loan. Does the borrower have any grounds for seeking to only pay the €23k outstanding as per the initial agreement? The Borrower's partners redundancy will not cover €31k that the CU are looking for. The CU have said that they will accept the €23k but there will be an outstanding loan of €8k which will still need to be repaid. Borrower feels that since the Total Amount Repayable as per the Initial Credit agreement is being paid and within the Period of the agreement (albeit not as per the repayment schedule agreed) that this should suffice. Any thoughts welcome.