moneycheck
Registered User
- Messages
- 17
Hi folks, would appreciate opinions on the following:
I recently applied to an Irish bank , (bailed out by taxpayer) for a restructure loan, to clear credit card balance, clear over draft, clear 2 loans, and add 10k. I was refused, despite having an impeccable credit history and good salary.
Figures involved were €26,000 which includes ( credit card, over draft, 2 loans) plus 10k top up. Also I stated to remove OD facility completely from account and also clear and close credit card, as i no longer wanted either.
net income is €3,550 per month.
My history is excellent, never any missed payments of any sort, clean perfect credit history too.
They said they would allow the restructure, but would not give the 10k.
I was going to use the 10k to change my car (2.0 petrol), to a diesel one with €104 road tax, currently im paying €614 road tax, doing this would also reduce my fuel bill by 50%, and also my insurance by a few hundred euro.
So savings annually would be €510 tax, €1,104 on fuel €250 on insurance, reducing my annual motoring bill by €1,804 per year, and I was going to put this saving as additional payments on the loan to clear it quicker.
Would appreciate your opinions on the above.
I recently applied to an Irish bank , (bailed out by taxpayer) for a restructure loan, to clear credit card balance, clear over draft, clear 2 loans, and add 10k. I was refused, despite having an impeccable credit history and good salary.
Figures involved were €26,000 which includes ( credit card, over draft, 2 loans) plus 10k top up. Also I stated to remove OD facility completely from account and also clear and close credit card, as i no longer wanted either.
net income is €3,550 per month.
My history is excellent, never any missed payments of any sort, clean perfect credit history too.
They said they would allow the restructure, but would not give the 10k.
I was going to use the 10k to change my car (2.0 petrol), to a diesel one with €104 road tax, currently im paying €614 road tax, doing this would also reduce my fuel bill by 50%, and also my insurance by a few hundred euro.
So savings annually would be €510 tax, €1,104 on fuel €250 on insurance, reducing my annual motoring bill by €1,804 per year, and I was going to put this saving as additional payments on the loan to clear it quicker.
Would appreciate your opinions on the above.