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Credit union loans

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  • 16-06-2014 6:20pm
    #1
    RacknaD
    Registered Users Posts: 1 ✭


    I've been a member of the CU around the last 3 and a half months. I was in the process of saving for and getting a loan for a car. In the process of this I seen an absolute bargain for 750 euro which I had as savings so cleaned out account and bought car - no loan needed.
    Now I am saving for holidays 300 every 2 wks(because thats when I get paid) and hoping to get a loan for about 2,500 for holidays and a few small things. The only thing is I need that in about another 6 weeks. I currently have paid just 300.

    What do you think my chances are of getting this loan?? I will have saved 1,200 by this time but would have been only saving consistently for about 8 weeks.
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    #2
    [Deleted User]
    Posts: 0 ✭ [Deleted User]


    You are fairly new to the CU. Looks like you just opened the account to get a loan, and that's ok. They want to give new loans
    You just need to do some convincing about your ability to manage income and expenses.
    It's 50/50 I'm afraid and will be swayed based on your job, your attitude, your CU, your bank statement, and anything else you can add in your favour


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