moneycheck
Registered User
- Messages
- 17
Even during the boom, a personal loan of 36k which is mostly going towards paying off numerous debts would be hard to get...
I'm sorry moneycheck, but I think they made the right decision. You should take the restructure and save the money you save as a result to put towards the car. Personally I think car loans are madness (that's purely a personal opinion).
You can lease or buy a car from vw bank for vw/audi/seat/audi.would appreciate your opinions on the above..
I would say that with no security to back up this loan, you are fighting a dead duck.
Take the reduced amount and stick with that and save for the car !
I agree.
Someone with an overdraft, 2 loans and credit card debt should not be looking for an extra 10k credit.
I completely agree with this. The bank would be insane to give a further "discretionary" €10k. I think the OP is very lucky to be getting the €16k. They may be glad down the line that they were refused the extra money.
I think that the banks behaved shockingly during the boom years ... but I don't believe this in any way removes from the need for people to be responsible for their own debt problems. Money the bank lends you isn't yours, it theirs.
I dont have a debt problem thank you very much!
what im saying here, is that if i cant get credit in the current climate, i dont know who can..
what im saying here, is that if i can't get credit in the current climate, i dont know who can..
In fairness, what you originally asked for were people's opinions of your situation. The opinions expressed have been fairly clear.
At some stage, the bank has to ask why a customer needs yet another sizable loan. €26k in personal unsecured debt is big and I can understand their reluctance to extend this further.
If you view the purchase of the car (at €10k) as a necessity, then use your rainy day money to fund that purchase. If it saves you €1800-odd a year, then you'll have replenished that amount in less than 6 years.
Take the consolidation (the offer may not be open forever). If you are dead-set on getting another loan, then apply to another bank, or the CU.
i am very tempted to when its released to close all accounts with the bank and bank elsewhere.
Well that's the most practical thing you can do to express your dissatisfaction & if you are not happy with them, then more power to you. If it's one of the big two in Ireland, then you are also more likely to get better rates for deposit/fixed term elsewhere.
It's guaranteed they will be on to you once you clear your accounts - it's a perversely pleasurable experience that I had the opportunity to savour myself. AIB refused me a mortgage (probably rightly, but they weren't the nicest about it; I was approved elsewhere) and, when they saw my 40% LTV portion of the house price enter and leave my AIB account as swiftly, they were on to me in a flash enquiring if they could do anything for me. Mar dhea. I didn't close all of my accounts with them so they call me annually asking how I'm doing and I never let the chance slip by to remind them that they didn't allow me to open a US dollar account and they didn't approve my mortgage.
You are in the happy position to let your feet (or money!) do the walking.
If I had 16k spread over a credit card, over draft, and 2 loans I would think I had a debt problem, nevermind a serious money mangement problem.
I most definitely would not have your casual attitude regarding adding another 10k of debt to the existing pile...
I dont have a debt problem thank you very much!.
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