moneyworries15
Registered User
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- 1
We owe AIB 28,000 on foot of a letter of Guarantee associated with a failed business. The ltd company has now been struck off. We can only pay €176 per month to this account. AIB told us to pay into a "guarantee account". The original loan statements which are still in the name of the struck off company are still being sent to me but are not showing any payments. They are not sending statements on the "guarantee account". They say they only send statements when asked for. When queried they say that once the loan has been repaid they will transfer the money from the guarantee account to the original account. Additionally they are accruing interest in a separate account. Can anyone tell me why they are doing this? I assume there is some good reason but they don't seem to know what it is.