Borrowers in Financial Difficulty

Information for Borrowers concerned about Financial Difficulties

Financial difficulties can occur for members, often when they least expect it.

The key factor in working through any issues you may encounter is keeping in touch with your financial institutions and any other creditors you might have. Whether you have a personal, business or house loan with us, the information below may be helpful to you and explain the options and remedies that are available.

SME

Personal Loans

If you have a personal loan with us, then you should give us a call on 046-9432432 and ask to speak to a member of the credit control team who can talk you through your options and offer support.

Call us

Mortgage Arrears

Your financial situation may have changed in recent years, and you may have fallen into arrears on your mortgage repayments, or you may be concerned about falling into arrears in the future. Whatever the cause of your financial problems, Le Chéile Credit Union is committed to supporting you if you are in financial difficulty. Our guide is designed to help you understand the Mortgage Arrears Resolution Process (MARP) and what support is available to you. We provide it to help members who think they may be in financial difficulty, those already in difficulty and those who are currently in an agreed arrangement with their mortgage.

As part of the MARP process you may be asked to sit down and work through your income and expenditure to create a comprehensive overview of the situation. This worksheet will help you with this process.

We want to assure you that we are committed to helping you with any repayment difficulties you may have, treating you fairly, and finding the most appropriate solution to best suit your circumstances.

Contact Athboy or Oldcastle office for Standard Financial Statement Worksheet

Money Advice & Budgeting Service (MABS)

MABS is the Irish money advice service. We have been supporting people with money advice, budgeting, and problem debt for 30 years.

MABS is the Irish money advice service. We have been supporting people with money advice, budgeting, and problem debt for 30 years.

Our service is free of charge.

We’re here for you if you’re struggling with debt and need help. You can get impartial advice from MABS to help you manage your money and take control of debt. We offer support online, over the phone and face to face.

https://www.mabs.ie/en/

Services

  • Tackling debt
  • Mortgage arrears
  • Managing money
  • Financial Healthcheck
  • My Budget
  • My Full Financial Picture

Enjoy all the benefits of a modern, digital financial services provider, with the added advantage of being local.

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