We recognise that it can be very difficult and stressful when your circumstances change, and you find yourself unable to meet financial commitments. This can happen if you lose your job, become ill or find your personal circumstances have changed. Sometimes, these can be addressed easily but if ignored, can be damaging. For example, missing a payment will increase the cost of your loan over the long term and may also affect your credit history. This may limit your ability to access credit in the future. That’s why if you find yourself in this position, it is important to seek help as soon as possible.
We are committed to helping members in financial difficulties. We understand each member’s situation is different and needs to be assessed based on their circumstances. As a responsible lender we try hard to be flexible to help individual members and can often agree an alternative arrangement if your circumstances change. However, we have a duty and legal right to recover monies borrowed, as these are the savings deposited by other members.
You are not alone in finding yourself in this situation. You can contact any member of our Credit Control team at 053 9233 835 or email us at creditcontrol@enniscorthycu.ie.
