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Friends First Finance

Skippy2007 · 2009-08-28 12:02:00

Does anybody know what the situation is with Friends First? They are closing their finance division totally over the next couple of months. I have a personal loan with them, does it mean I possibly won't have to pay it as they don't seem to be selling any loans of the business to any other bank. My agreement and T's & C's…

28-08-2009 12:02pm

#1

Skippy2007

Closed Accounts Posts: 1 ✭

Join Date: August 2009

Posts: 0

Does anybody know what the situation is with Friends First? They are closing their finance division totally over the next couple of months. I have a personal loan with them, does it mean I possibly won't have to pay it as they don't seem to be selling any loans of the business to any other bank. My agreement and T's & C's are with Friends First Finance and not with any other part of their organisation.

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Comments

#2 28-08-2009 12:51pm

BuffyBot

Registered Users, Registered Users 2 Posts: 24,924 ✭✭✭✭

Join Date: February 2002

Posts: 23571

Any existing agreements will still have to be honoured.

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#3 29-08-2009 2:30pm

Chrssymc1

Closed Accounts Posts: 5 ✭

Join Date: August 2009

Posts: 5

You will still have to pay back your loan as per the terms of your credit agreement. They are retaining a skeleton staff to collect the existing loan book

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