Hi,
My credit union have got a judgement against me on a personal loan which was used to fund a business that did not work out.
The business went and I thought I had an agreement with the credit union to pay a reduced rate but they proceeded with the judgement anyway, so between pig headedness and inaability to pay I stopped paying altogether.
I am now working full time PAYE and am willing to pay.
I currently owe them €15k and have offered to pay back €60/week (this is greater than 10% of my wages and is about all i can afford). I also have other debts.
Could you please answer the questions below as I have no experience in these matters:
Any advice welcome and much appreciated.
My credit union have got a judgement against me on a personal loan which was used to fund a business that did not work out.
The business went and I thought I had an agreement with the credit union to pay a reduced rate but they proceeded with the judgement anyway, so between pig headedness and inaability to pay I stopped paying altogether.
I am now working full time PAYE and am willing to pay.
I currently owe them €15k and have offered to pay back €60/week (this is greater than 10% of my wages and is about all i can afford). I also have other debts.
Could you please answer the questions below as I have no experience in these matters:
- My only asset of note is a car worth €5,000, if I lose this I will not be able to keep my job, will they take this from me?
- Will my offer of €60/week be acceptable?
Any advice welcome and much appreciated.