We're aware that some users are experiencing technical issues which the team are working to resolve. See the Community Noticeboard for more info. Thank you for your patience.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

Capital Credit Union

Options
natlai
natlai Posts: 35 Forumite
in Debt-free wannabe
Hi,

Has anyone defaulted on a capital credit union loan?

Just looking to see what happens.

Thanks
Debt of £15,000 plus £9000 for a car :(

Comments

  • weebegbie
    weebegbie Posts: 17 Forumite
    Hi,

    Every credit union is different. But as capital is a pretty big one im guessing they will chase you to get the money from you and will probably pass your details on to a credit collection agency. Because they are pretty big it will most likly show up on your credit history as well.

    I've not been in this position myself but know a bit about credit unions and how they work.
  • natlai
    natlai Posts: 35 Forumite
    Thanks for your reply. I got my wage slip today and it appears that they have started to take the repayments this month.
    Debt of £15,000 plus £9000 for a car :(
This discussion has been closed.
★ ★ ★ Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 350.9K Banking & Borrowing
  • 253.1K Reduce Debt & Boost Income
  • 453.5K Spending & Discounts
  • 243.9K Work, Benefits & Business
  • 598.8K Mortgages, Homes & Bills
  • 176.9K Life & Family
  • 257.2K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.1K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.
Update Your Picture