€10k Irish Debt - Live in UK - Intend to Pay

You are paying 80 euro a month in total less interest (15-20%?),so about 8 pounds is ballpark per week in net reduction.
 
My apologies,you are probably whittling down that debt by £12 a week so.
Doesn't change one word of my advice though.
 
Granted - I dropped into local citizens advice today, unfortunately my center is one which doesn't have the relevant expertise, the CAB says most centers have a DRO representative but mine don't.
 
Spoke to National Debtline today, unfortunately once again they won't touch it as it's Irish Debts for a UK citizen which they will not get involved in. They say they can only take on ROI debts if there are UK debts as well

Stepchange said they're not able to provide any debt solution for me as the debts are from outside the UK, they can help me with a budget and offer advice on how to deal with the debts but no actual debt solution.

Everyone I have contacted tells me to deal with the creditor directly sadly.
 
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The only way that you'll get any attention off AIB is to not pay them.
Even then,it will take a year of writing you letters before the debt collectors become involved.
I'd be inclined to do just that.
If it comes to it,you can fill out a statement of financial means,which will show zero repayment capacity.
Just ringing AIB up before you get in trouble will achieve very little in my personal experience.
Honestly,they are not going to throw money at a problem in the UK,when there is nothing to go for.
 
I can give you the benefit of a friend's experience but can't advise on your own situation.
A friend left AIB with £2k credit card debit in 2010 due to unemployment/immigration etc.
AIB froze the balance and it stopped accumulating interest.
There was an initial inquiry from an agent on behalf of AIB but nothing more came of it.
AIB closed her current account so there was effectively no way of making payments into the card.
Recently (6 yrs later) another agent on behalf of AIB offered a 50% settlement which she accepted and is now paying by instalment.
She understands that her Irish credit rating will be affected by the write down, but deems the 50% settlement to be preferable to being chased by UK collectors for the full amount... which would threaten her UK credit history, mortgage prospects, etc.
Best of luck.
 
The debt was statute barred after 6 years(or about to become statute barred).
No one was going to chase her.They took advantage of her ignorance of the law.( acknowledging the debt by making a payment has reactivated it,and will stay on her credit record for 5 years after the debt is paid off)
 
vandriver said:
The only way that you'll get any attention off AIB is to not pay them.
Even then,it will take a year of writing you letters before the debt collectors become involved. I'd be inclined to do just that.
If it comes to it,you can fill out a statement of financial means,which will show zero repayment capacity.
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But if I do that the debt will skyrocket with all the missed payment, surcharge interest to add a few more grand on no?
Just ringing AIB up before you get in trouble will achieve very little in my personal experience.
Honestly,they are not going to throw money at a problem in the UK,when there is nothing to go for.
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Just the idea of a €10k debt skyrocketing to say €15k whilst I completely ignore it doesn't sit well with me.
 
@vandriver
Unfortunate if true, but she felt she was doing the right thing. She had broken a repayment plan agreed with AIB, so the statue bar may have been reset to her last payment (which she can't remember the date of). Ultimately her priority was to avoid collection in the UK while seeking a mortgage there.
 
Spoke to a specialist in overseas debt from National Debtline. She told me that I qualify for a DRO, however I should be careful with AIB. They cannot touch me during a DRO when living in the UK, but they don't have to recognise the DRO and ave a track record of keeping accounts open for the whole of the DRO and adding charges and interests during this time so the debt skyrockets so if I do take out a DRO I'd best make sure that my spare funds don't go above €50 a month.

Reason I was told this is that if I gain employment the DRO will be struck off and I could be liable for a much higher amount of debt that has grew between the order being granted and me gaining employment which essentially would make my situation worse than it is now. She said effectively with AIB they will only freeze the debt after the 12 month DRO is up since they can't do a thing after that regardless of what happens to my circumstances.

So I've been advised to simply send a budget statement to AIB and say I cannot afford to pay anything and offer a token payment of €1 a month until my situation improves. If they refuse then threaten to take out a DRO which could result in them getting zilch from me ever again. which she says may well make them sit up and listen to what I am saying when they realise that €1 a month with the chances of more when my situation improves is better than a DRO and potentially nothing.

Anyone advise on how I should draft a letter to AIB?
 
RonaOha said:
But if I do that the debt will skyrocket with all the missed payment, surcharge interest to add a few more grand on no?

Just the idea of a €10k debt skyrocketing to say €15k whilst I completely ignore it doesn't sit well with me.
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When your overdraft goes overlimit in a couple of months,the letters and cost escalation will start.Then you won't be able to pay your credit card,because the current account will take the money to pay the overlimit.This thing is coming.
Ideally,you need a career.
For that you need a flat/houseshare deposit.
For that,you need to amass some cash.
For that,you need to stop the futile and quickly to be doomed exercise is paying your bills .
And when you have an income,you can make a small but sensible offer per month .
Ps you know that overdrafts are repayable on demand?
 
I'm going to send a letter to AIB on Tuesday based on a template letter supplied by the National Debtline this saying that I am assessing my situation and getting external advice and asking if they can place a hold on the accounts and suspend interest and charges whilst I do that, which is what I have been advised to do and in the meantime get proof of incoming and outgoings to submit to AIB shortly after..

I'm waiting until Tuesday since I get the next batch of jobseekers allowance on Wednesday and I still need to have access to my AIB account until then at least as I only have a tenner left in my UK account right now since I paid the rest of the AIB credit card bill the Monday just gone and I may need that credit card between now and when I get money on Wednesday.

After I submit the letter to AIB I will cease all repayments on loan and credit card.

Does this sound like a sensible course of action?
 
When you deal with AIB,you will have to write 2 letters.One to your branch for the overdraft and the loan,and one to the credit card department.
Please put in the letter that you wish all communications to be written,either email or post,and then don't answer the phone.
 
What is the address for the Credit Card department?

Good point in relation to asking communication via email or post.
 
If they send you a SFS to fill in,put down outgoings to match or exceed your income.Dont put down what your are currently spending!
 
Cheers - I already have one done out by the National Debtline who emailed it to me after the phone and discussing with them, but I guess I may need to do one in AIB's own format?
 
RonaOha said:
Cheers - I already have one done out by the National Debtline who emailed it to me after the phone and discussing with them, but I guess I may need to do one in AIB's own format?
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Do your outgoings match your income on this form?(with no debt payments)
 
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