Financial Difficulties
Financial difficulties can be a fact of life and we’re here to help you recover your financial well-being.
If you’re having difficulties keeping up with your credit union loan repayments, speak to us before it gets out of hand. If your circumstances have changed, we can work together to help you manage your debts.
Financial difficulties can be a fact of life and we’re here to help you recover your financial well-being.
If you’re having difficulties keeping up with your credit union loan repayments, speak to us before it gets out of hand. If your circumstances have changed, we can work together to help you manage your debts.
If you are in financial difficulty…..
Contact Credit Control Westport Credit Union – Tel: 098 25614
By contacting Westport Credit Union early and explaining why you are in financial difficulty, we will be in a much better position to assess the situation. We can then offer you some guidance and assistance.
Credit Control will ask you to complete a Budget Planner and submit your revised Proof of Income. You will also need a bank statement dated within the last 3 months.
NOTE: Please do not ignore our letters or phone calls, as failure to do so may affect your credit rating and may result in legal action.
Mortgage Arrears
Please click the link below for more information regarding Mortgage Arrears.
What we can do to help
Every effort is made to accommodate members whose circumstances have changed. These members may be experiencing difficulties meeting their loan repayments.
By working with us, we may also be able to help you manage your other debts.
- The common reaction to financial difficulty is to refinance your loan, but there are implications to this. These are:
- The Financial Regulator will not allow you to borrow again for 12 months.
- Access to future borrowing may also be affected.
- Our Credit Control team will work with you in assessing all your options based on your needs and what means are available to you.
Ways to Repay your Loan
- Electronic Funds Transfer / Standing Order from your Bank Account.
- By Telephone using your Laser/Debit Card Tel 098 25614
- Payroll Deduction, Paypath, Social Welfare and/or Pension. For further information call to Westport Credit Union or Tel 098 25614
- Use Express Lodge (Westport branch only)
- Call in to our Westport, Newport or Louisburgh branch
Debit Cards accepted:
Money Saving Tips
- Groceries
- Shop with a list. If you decide in store you will spend more - use loyalty cards/coupons etc.
- Shop for bargains and cut back on non-essential items. Be smart. Shop for store brands
- Local butchers offer great deals
- Eliminate waste - watch what you bin!
- Services - are you getting value for money on the following?
- Banking - switch to Westport Credit Union’s free banking services
- Insurances
- Electricity
- Internet & TV
- Heating and Car fuel
- Refuse collection
- Other tips
- Are you claiming all your tax benefits or social welfare entitlements? Visit revenue.ie and citizensinformation.ie
- Make your own lunch
- Could you reduce your travel/parking costs (walk or cycle to work/ car pool?)
- How much do you spend on socialising/entertainment?
- If you have older children living with you that are receiving an income, could they contribute towards your household expenses?
- Remember the secret to getting rich - “Spend less than you earn”.
The Mission of the Credit Union is to promote the financial well being of its members.
We’re here to Help
Contact our credit control team
