Bank Loan

[touche1410]

I got a business bank loan from Ulster bank in the boom time with a personal guarantee attached. Approximately five years ago I had to shut the business down. The set up a separate loan then and I put what I could into it, usually €100 - €200 per month. Three years ago I switched my personal bank account and haven't paid Ulster bank anything since. They have not contacted me in this time period whatsoever. Can anybody give me advise? Do I just forget about it? Contact them and come to some arrangement on loan repayment/interest accrued over the three years? Thanks

 

[Gerry Canning]

Don,t know the amount left. If it is small it could be (forgotten).
Will probably come back to bite you !

Suggest lodge what you can to a deposit ac in preparation, so when they come you have some funds for them and can negotiate a reasonable arrangement.
Seems odd @no communication from them.