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My employer pays half of my HI & I pay the other half. Im trying to understand if I should be claiming a tax credit for the half that I pay. But I see the following note on my renewal letter from Laya A Government Levy applies to all health insurance policies. This calculates at €888.00 for...

The purpose of the three months temporary arrangement is to prove that you can make the payment for 3 months. It’s designed for borrowers who were not paying or who were paying intermittently As you have already proved you can pay this reduced amount there is no need for a further three month...

If you have a CU House Loan, there is no reason why you can’t have a top up if the purpose is to extend or refurbish the house. Clearly you can’t top up to buy a car, nor would u want to

Credit unions offering House Loans do require the member (s) to take out Independant life cover assurance and assign it to the CU. While he CU may well have its own life cover on the member, this is not fully suitable for a long term House Loan.

They were formed to gather direct feedback from key personnel in CU's relating to the legislation in CP88 which was introduced 1.1.16. They are also seeking commentary from CU's as to how the central bank performs in their interactions with CU's, and taking on board any recommendations in areas...

99% of loans are visible now, as the Banks and Credit Unions register the loan on the Irish Credit Bureau. Your CU won't mind that your have another loan as long as you can repay both and have enough to live on. The money in your shares will not be the main reason for getting a CU loan. Its the...

In any situation where you can't pay your loan, you need to meet with your CU & bring in your list of outgoings and details of your income. Its a matter of convincing the CU of your circumstances. If you can't pay (as opposed to won't pay), then either your loan will need to be rescheduled over...

Every CU is awash with Deposits and most (if not 100% of them) are more interested in getting a loan our rather than tying up your shares. If the 1000 in shares is an issue, ask if you can tie up 500 or 250. In most cases thats fine, as the loan will be repaid from your income not your savings...

Thats an interesting point Jacinta. People are usually great at repaying a loan and less good at saving. So for most people it makes sense to borrow rather than use your shares/savings. The point about getting 1% interest or dividend. Really earning 1% or half that is neither here or there...

Yes. They can refuse you. Explain to them that when you got the €27,000 loan they had €15,500 as security, so their risk amount was €11,500. Right now their risk amount is €3,500. You are asking them to EITHER release shares so you can clear your Credit Card bill, or TOP UP your loan. In...

It is not unusual to take a partner or parents income into the equation, but it is usually done in conjunction with the partner or parent signing a guarantee or joining in the loan. As the loan is in your sole name, you are solely liable for it. It was not necessarily a well underwritten loan...

In general a badly run CU will not Merge with a well run CU. Its more likely that the well run CU will be asked to take over the badly run CU. Its referred to as a Transfer of Engagement. Either the Central Bank or ReBo will do the asking. Or in some cases the badly run cu will be brave enough...

In answer to Rob Oyle If the reports on past behaviour in the article are an example of how this particular CU was run, I'm surprised it was given 4 years to work out its problems before this happened. Unless a CU can put forward a realistic and sustainable proposal to bring their...

Many Credit Unions dont need to check your ICB or income details if you re borrowing less than your shares. Some do, as they are all independently run by their own board & management. ICB is not the be all & end all of decision making. It's a guide, as is the payment history of the borrower, the...

You can phone your Credit Union tomorrow and ask them for an answer in principle. Tell them your monthly income and that you have no loans. Offer to bring in your bank statements to show how you operate your financial affairs. As stated, each Credit Union has its own individual lending policy...