Hi Folks,
Apologies first off if this isn't the correct forum for this question.
I am looking for a relatively small loan to fund the purchase of a used car. Seeking in the region of €5,000. My personal banking is with AIB. No loans or overdraft, have a credit card with a €1,500 limit but generally keep it clear.
I applied to AIB for a loan of this amount about a month ago and was refused, no reason supplied. I got a copy of my ICB report and it looks perfect. Had a BoI loan when a student in 2009 and cleared on time with no missed/late payments.
From thinking about it, what comes to mind as a potential issue getting a loan from AIB is that I am technically self-employed. I am an external contractor, but have a almost two years left on a solid fixed term contract. My gross income from this is about €40k p/a, net into my AIB account per month about €2,200.
Am I wasting my time chasing up AIB or should I look at opening a Credit Union account and starting to save there regularly before seeking a loan? I have about €1,500 in my AIB savings account that I could lodge into the CU also.
Many thanks for any advice.
Apologies first off if this isn't the correct forum for this question.
I am looking for a relatively small loan to fund the purchase of a used car. Seeking in the region of €5,000. My personal banking is with AIB. No loans or overdraft, have a credit card with a €1,500 limit but generally keep it clear.
I applied to AIB for a loan of this amount about a month ago and was refused, no reason supplied. I got a copy of my ICB report and it looks perfect. Had a BoI loan when a student in 2009 and cleared on time with no missed/late payments.
From thinking about it, what comes to mind as a potential issue getting a loan from AIB is that I am technically self-employed. I am an external contractor, but have a almost two years left on a solid fixed term contract. My gross income from this is about €40k p/a, net into my AIB account per month about €2,200.
Am I wasting my time chasing up AIB or should I look at opening a Credit Union account and starting to save there regularly before seeking a loan? I have about €1,500 in my AIB savings account that I could lodge into the CU also.
Many thanks for any advice.