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Credit Union loan

Posted: Wed May 16, 2018 4:48 pm
by saz01
Hi looking for some advice I recently took out a Credit Union loan and trying to see what they are like for Iva? Any help would be appreciated

Re: Credit Union loan

Posted: Wed May 16, 2018 4:52 pm
by Foggy
I have only heard of a credit union as a creditor once -- I believe they voted against --- but, of course, each union is different.

Re: Credit Union loan

Posted: Wed May 16, 2018 5:01 pm
by saz01
Foggy wrote:
I have only heard of a credit union as a creditor once -- I believe they voted against --- but, of course, each union is different.
Thanks Foggy I have been trying to find out but there doesn't seem to be much said about credit union loans good or bad.

Re: Credit Union loan

Posted: Wed May 16, 2018 8:30 pm
by luluj
No personal experience of credit unions but wish you well with your iva.

Re: Credit Union loan

Posted: Thu May 17, 2018 5:53 am
by redboxtree
Likely to be quite hard - remember that the loan was provided out of other members direct savings and contributions.