Davetherave
New Member
- Messages
- 3
4/3.5yrs ago I ran into financial trouble and stopped paying my credit union loan of 20k. The credit union initiated legal proceedings.
4/3.5yrs ago I ran into financial trouble and stopped paying my credit union loan of 20k. The credit union initiated legal proceedings. This appears on my credit rating and will remain there for another 1.5 yrs. The credit union loan has been paid in full since May 2021.
You say creditors, plural.My main lesson in all this is that I should have engaged more with my creditors and not ignored them along the way.
I would say that IS the main issue for a self-employed contractor. 3k is not even 1 month's family expenditure. What is the plan if work dries up / a contract comes to an end? .I wouldn't be increasing mortgage repayments, but instead, regularly saving whatever the OP can afford, even if it's only €500 per month (ideally more) and even if it's returning zero interest.Not the main issue here but you only have €3k savings on a net income of €6.5k p.m.?!
Could UB have refused you because they're exiting the market?
Have you tried any other lenders?
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?