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How can I get my credit card loan written off?

  • 24-06-2013 9:10am
    #1
    khurshah
    Registered Users, Registered Users 2 Posts: 41 ✭


    How can I get my credit card loan written off?
    Hi mates, I lost my job last year in september 2012, and since I am unemployed but I have support from social welfare, I had a loan of 3000 euros on credit card from mbna, which I am paying off in installments since last 4 years, but I still got to pay around 2600 euros to them, but due to my current tight financial circumstances I am unable to pay them installments where as I have a wife who is also unemployed and lost her job in health sector a month ago, I am so worried and will appreciate your advise about any way to get my loan written off or cut down by some percentage if possible? also let me know if writing off a loan would effect my credit history too? Thanks a lot mates.


Comments

  • #2
    wmpdd3
    Registered Users, Registered Users 2 Posts: 9,625 ✭✭✭wmpdd3


    khurshah wrote: »
    How can I get my credit card loan written off?
    Hi mates, I lost my job last year in september 2012, and since I am unemployed but I have support from social welfare, I had a loan of 3000 euros on credit card from mbna, which I am paying off in installments since last 4 years, but I still got to pay around 2600 euros to them, but due to my current tight financial circumstances I am unable to pay them installments where as I have a wife who is also unemployed and lost her job in health sector a month ago, I am so worried and will appreciate your advise about any way to get my loan written off or cut down by some percentage if possible? also let me know if writing off a loan would effect my credit history too? Thanks a lot mates.

    you will not get it written off but if you go to mabs they can get you repayments greatly reduced and you will take longer to pay of the debt.
    this will appear on you credit report as a restructured loan but not a default.

    Once you are making regular payments of the agreed amount mbna will not change your repayments.


  • #3
    chris85
    Registered Users, Registered Users 2 Posts: 4,502 ✭✭✭chris85


    You wont get it written off due to being unemployed. If that was possible you would have the majority of debt written off. Some type of repayment plan would need to be entered into to repay the debt.

    As advised in previous see www.mabs.ie for help on managing debt. You can arrange to meet an advisor in there (government funded so no charge for you), and they can help work it out.


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