M
misterpiki
Guest
Hi there,
I just wanted to ask for some opinions on my situation. Basically I'm married with no children, my wife is a full-time student and presently our only income is from social welfare. I had a loan of around 10k with AIB but haven't been able to make a payment for around the past two years. I had been to MABs and did the budget letter, sent it back to them showing I wasn't able to pay and haven't heard anything from them until this week when I got a letter from their Insolvency and Debt Recovery Unit saying the account is now due for review (the amount due has also increased to 12,300 due to interest/surcharges etc). Now my financial situation is still pretty much the same and I need what little money I do have coming in to survive, so I'm just wondering what do they expect me to do now considering things haven't changed. Would they back off for some more time to see if my situation improves or would they even write the whole debt off? My wife also owes them a similar amount and in the last month has agreed to pay 50 per month to them as she has got a few hours teaching tutorials in the college but really it's only an extra couple of hundred per month. I probably could afford to pay them 50 per month too but it really is a stretch for us. Should I bother suggesting this? I have to give them a call and I'd like to have it clear in my head what are the best options for me (and not the bank!) before I call.
Thanks very much for any help.
I just wanted to ask for some opinions on my situation. Basically I'm married with no children, my wife is a full-time student and presently our only income is from social welfare. I had a loan of around 10k with AIB but haven't been able to make a payment for around the past two years. I had been to MABs and did the budget letter, sent it back to them showing I wasn't able to pay and haven't heard anything from them until this week when I got a letter from their Insolvency and Debt Recovery Unit saying the account is now due for review (the amount due has also increased to 12,300 due to interest/surcharges etc). Now my financial situation is still pretty much the same and I need what little money I do have coming in to survive, so I'm just wondering what do they expect me to do now considering things haven't changed. Would they back off for some more time to see if my situation improves or would they even write the whole debt off? My wife also owes them a similar amount and in the last month has agreed to pay 50 per month to them as she has got a few hours teaching tutorials in the college but really it's only an extra couple of hundred per month. I probably could afford to pay them 50 per month too but it really is a stretch for us. Should I bother suggesting this? I have to give them a call and I'd like to have it clear in my head what are the best options for me (and not the bank!) before I call.
Thanks very much for any help.
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