T
tech bro
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Hi folks,
I am new to this forum, joined in to ask similar question re: credit card...My debt is not that bad its only 2.5 k to AIB and 4 k to credit union and other small debts which are irrelevant. Im in college at the mo and will be in 2012 as well. Repaying my minimum commitments on a monthly basis. The only debt I am not able to reduce and having problem with is AIB credit card, as the interest of 45 is almost equal to my minimum payments, meaning I will be in same shape in foreseeable future until pay off the debt in 1 go. I wrote them a letter and explained the situation but to no help, they want interest, BTW I paid them over 1.5 k of interest alone for the past 2 years. I tried to negotiate with AIB to freeze the interest and let me repay without interest charges applied. They said this can only be done if I agree to be reported to ICB because I am charged bad debt. My question is the following: is it worth to get reported to ICB over 2.5 k or is there any other way. Spoke to MABS already, they said that is the only way to stop the interest. I simply cannot afford to pay off the amount in one go but cannot allow them to have a free ride on me any longer...Please advise what the best solution here...Thank you...
I am new to this forum, joined in to ask similar question re: credit card...My debt is not that bad its only 2.5 k to AIB and 4 k to credit union and other small debts which are irrelevant. Im in college at the mo and will be in 2012 as well. Repaying my minimum commitments on a monthly basis. The only debt I am not able to reduce and having problem with is AIB credit card, as the interest of 45 is almost equal to my minimum payments, meaning I will be in same shape in foreseeable future until pay off the debt in 1 go. I wrote them a letter and explained the situation but to no help, they want interest, BTW I paid them over 1.5 k of interest alone for the past 2 years. I tried to negotiate with AIB to freeze the interest and let me repay without interest charges applied. They said this can only be done if I agree to be reported to ICB because I am charged bad debt. My question is the following: is it worth to get reported to ICB over 2.5 k or is there any other way. Spoke to MABS already, they said that is the only way to stop the interest. I simply cannot afford to pay off the amount in one go but cannot allow them to have a free ride on me any longer...Please advise what the best solution here...Thank you...