C
clare
Guest
Hi,
I'm new to this site. I need help/advice. I have a loan with BOI. I had payment protection on it. My job contract came to an end. I found out payment protection didn't cover someone on a contract. I lived in Dublin and was in full time employment. I made repayments of EUR230 per month. All that changed 2 years ago. I became pregnant and moved to the West of Ireland where I still reside. My child is almost two. I couldn't find work for ages. I have been working part time for last 8 months. I came to an arrangement with BOI that I would pay them EUR30 per month. I have been doing this for over a year now. My original loan was EUR10,000. I lodged EUR5,000 recently. My branch manager said that the loan would be restructured. But I found out that BOI will not restructure the loan and expect me to pay the original amounts of EUR230 per month. I have now received a letter from BOI saying that they are referring the matter to their solicitors. I am worried sick. I have no prospect of getting full time work and certainly not at the same rate as I was paid in Dublin.
What can I do? What happens when the matter is handled by solicitors?
Will I end in court or go to jail?
Please please, any advice?
Thanks
I'm new to this site. I need help/advice. I have a loan with BOI. I had payment protection on it. My job contract came to an end. I found out payment protection didn't cover someone on a contract. I lived in Dublin and was in full time employment. I made repayments of EUR230 per month. All that changed 2 years ago. I became pregnant and moved to the West of Ireland where I still reside. My child is almost two. I couldn't find work for ages. I have been working part time for last 8 months. I came to an arrangement with BOI that I would pay them EUR30 per month. I have been doing this for over a year now. My original loan was EUR10,000. I lodged EUR5,000 recently. My branch manager said that the loan would be restructured. But I found out that BOI will not restructure the loan and expect me to pay the original amounts of EUR230 per month. I have now received a letter from BOI saying that they are referring the matter to their solicitors. I am worried sick. I have no prospect of getting full time work and certainly not at the same rate as I was paid in Dublin.
What can I do? What happens when the matter is handled by solicitors?
Will I end in court or go to jail?
Please please, any advice?
Thanks