Irish credit card

Steve__7

Hi all,

New poster so be gentle

My GF currently has a Bank of Ireland credit card which she took out approx 6 years ago whilst still living in Ireland (she is Irish) since living in the UK for the past 5 years she has been using and paying it off, the card being registered to whatever UK address she is staying at.

Unfortunately her circumstances have recently changed and she is struggling to match the monthly payments, what are the implications of her missing payments and even 'walking away' from the card?

Further background info is that we jointly own our house.

If this is the wrong forum please feel free to move

Steve

MYLITTLESISTERLOLA

Is this a Euro card or Sterling ?

never-in-doubt

The type of card (Sterling/Euro) doesn't matter as the rules remain the same (Ireland is still part of the UK after all).....

Basically, you'll find walking away is a bad sign as it will affect both of you, especially as you're financially linked - but then struggling to pay will do the same so really its damage limitation.

a) Agree to fixed payments per month means that they will add a derogatory note to the CRA's and this will likely mess you both up for credit for 6yrs

b) Ignore the letters and return as addressee unknown and take your chances but remember, this is only any good if you need NO CREDIT for the next few years.

What value of debt are you talking about (i.e. in £££'s), you mention she cannot pay the premiums but don't mention if you can help? It will not just affect her, but also you.

scott_lithgows

never-in-doubt wrote: »

The type of card (Sterling/Euro) doesn't matter as the rules remain the same (Ireland is still part of the UK after all).....

Are you sure about that? Northern Ireland is,the South is,nt.

never-in-doubt

scott_lithgows wrote: »

Are you sure about that? Northern Ireland is,the South is,nt.

Obviously but didn't think i'd have to spell that out nor did I think I had to be questioned as to my confidence as to the locale of the place!

Jeez, some people eh!

Point remains, whether NI or SE the rules governing issuance and enforceability etc remain the same.

prowla

Disappointed - I thought this was going to be a joke!

DesG

never-in-doubt wrote: »

Obviously but didn't think i'd have to spell that out nor did I think I had to be questioned as to my confidence as to the locale of the place!

Jeez, some people eh!

Point remains, whether NI or SE the rules governing issuance and enforceability etc remain the same.

You are mistaken, A ROI CC has nothing at all to do with any UK governing issuance or enforceability.

Ireland is not part of the UK, Northern Ireland is.

Cheers, Des.

never-in-doubt

DesG wrote: »

You are mistaken, A ROI CC has nothing at all to do with any UK governing issuance or enforceability.

Ireland is not part of the UK, Northern Ireland is.

Cheers, Des.

Nope, BOI will use the UK regulatory licence instead of the Irish one as the customer lives in the UK meaning they switch to the UK licence so therefore comes under UK law and UK unenforceability/statute rules etc.

Sorry, but that is how it works and will work in this case as well, regardless of Euro / Sterling.

Thanks for the Geography lesson, for the second time I know the difference between NI / SE thanks all the same!

Steve__7

never-in-doubt wrote: »

The type of card (Sterling/Euro) doesn't matter as the rules remain the same (Ireland is still part of the UK after all).....

Basically, you'll find walking away is a bad sign as it will affect both of you, especially as you're financially linked - but then struggling to pay will do the same so really its damage limitation.

a) Agree to fixed payments per month means that they will add a derogatory note to the CRA's and this will likely mess you both up for credit for 6yrs

b) Ignore the letters and return as addressee unknown and take your chances but remember, this is only any good if you need NO CREDIT for the next few years.

What value of debt are you talking about (i.e. in £££'s), you mention she cannot pay the premiums but don't mention if you can help? It will not just affect her, but also you.

Thanks for the reply.

Just to clarify is an Eire euro card registered now over in the UK.

Approx 8k on the card and we really need to know what is best to do so as to not adversley affect us.

thanks

never-in-doubt

you need to decide what is best for you - i listed options above.....

scott_lithgows

Are you able to balance transfer it to a British card?
Bank of Scotland only take 1% a month (£80) or add 8k to your mortgage if you can.
My wife had a credit black mark for 6 years and it does cause problems in a number of things so thats why I,m suggesting finding someway to avoid it.

good luck.