shares against loan

L

ladyella

Registered User
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Hi there, apologies for repeating a question as I've searched and ive seen similar asked but im still a little unsure.
I have just over 9k shares in the cu and a loan balance that is now just under that at 8800.
Am I able to offset the shares to loan to just get rid of it? I'm about to have my hours cut substantially so I won't be able to make the correct payment without it falling into arrears.
Thank you for reading
 
Yes, you can offset when the shares are greater value than the loan. If you're unsure, just give them a call - any CUs I've dealt with are very helpful.
 
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