Hi
I have a loan from BOI taken in July 2009 for €21600 it was a restructure at a payment of €365 per month and was given at 84 months
I don’t know the rate but at this point its 12200 remaining which is strange to me as I’m 48 months in
I’m confused as it doesn’t seem I will be finished in the 36 months remaining and its obviously been given an odd/unfavorable interest rate which I want to change and renegotiate
I also have a debt with a CC at €5500 at present and I would like to top up the loan, renegotiate the term to 5 years and I’ve done online calculations for a BOI restructure loan and in needing 17500 over 60 months, it would be a repayment of 400 approx, I could even go to 48 months
Thing is my outgoings at the moment for the minimum amount to pay the CC and the Loan is 500
What can I say to the bank to get them to agree to this restructure
I have a healthy regular salary and am mortgage free but due to other expenses like travel, rent and bills, the 500 is all I can allocate to this pm and its not making a difference and holding me back.
The CC interest is only being paid and at the amount the interest is on the loan it won’t be paid for another 4.5 years?
I have a loan from BOI taken in July 2009 for €21600 it was a restructure at a payment of €365 per month and was given at 84 months
I don’t know the rate but at this point its 12200 remaining which is strange to me as I’m 48 months in
I’m confused as it doesn’t seem I will be finished in the 36 months remaining and its obviously been given an odd/unfavorable interest rate which I want to change and renegotiate
I also have a debt with a CC at €5500 at present and I would like to top up the loan, renegotiate the term to 5 years and I’ve done online calculations for a BOI restructure loan and in needing 17500 over 60 months, it would be a repayment of 400 approx, I could even go to 48 months
Thing is my outgoings at the moment for the minimum amount to pay the CC and the Loan is 500
What can I say to the bank to get them to agree to this restructure
I have a healthy regular salary and am mortgage free but due to other expenses like travel, rent and bills, the 500 is all I can allocate to this pm and its not making a difference and holding me back.
The CC interest is only being paid and at the amount the interest is on the loan it won’t be paid for another 4.5 years?