Arrears Support Page

Arrears Support

At Inishowen Credit Union, we understand that financial difficulties can happen to anyone. If you are experiencing arrears on your loan, we are here to provide guidance, support, and practical solutions tailored to your circumstances.

Understanding Arrears

Arrears occur when a repayment on your loan is missed or falls behind schedule. Early action is key — contacting us as soon as possible allows us to explore options with you to avoid additional charges and stress.

Tips to Manage Arrears

  1. Contact Us Early: Don’t wait — early communication helps us find the best solution.

  2. Review Your Budget: Identify areas where you can reduce expenses to free up funds.

  3. Consider All Options: Restructuring loans, temporary repayment holidays, or financial counseling.

  4. Stay Informed: Use reputable sources for advice on rights and obligation

Confidential & Compassionate Support

All discussions with Inishowen Credit Union are confidential. Our staff are trained to provide empathetic and practical support to help you get back on track.

Need help with arrears?

Contact our credit control team today at 074 9361017

If you are an SME borrower with Inishowen Credit Union who is in financial difficulties, at all times, it is in your best interest to engage with the credit union about your arrears or financial difficulties so that a suitable arrangement can be found if possible.

A key objective of our approach is to assist the borrower to resolve their financial difficulties and by continuing to work together we may be able to find an acceptable alternative way forward.

If in financial difficulties, please review the Booklet for SME Borrowers Who are in Financial Difficulties

ICU Booklet For Cultivate Borrowers In Financial Difficulties

📞 Useful Links & Resources

Citizens Information – Money Advice & Budgeting Service: https://www.citizensinformation.ie/en/money

Money Advice & Budgeting Service (MABS): https://www.mabs.ie – Free, confidential financial advice.

The Irish Banking & Payments Federation – Mortgage Arrears Info: https://www.ibf.ie

Personal Insolvency Service (PPS): https://www.pip.ie – Debt resolution and insolvency options.

Central Bank of Ireland – Consumer Protection & Credit Guidance: https://www.centralbank.ie

ABHAILE – Free Government Mortgage Arrears Support: https://www.abhaile.ie – Independent advice, including legal, financial, and personal support for those in mortgage arrears.