Help with Bank of Ireland Debts

Personal loans are loans that a bank or other lender makes that are not secured against any asset such as your property. They’re also known as unsecured loans.

A loan is a financial contract in which one party – the lender – agrees to give another party – the borrower – a specific amount of money, to be paid back monthly over a set period of time.

There will also be interest payments at an agreed rate, and sometimes additional charges for the administration of the loan. The terms and conditions of a loan will vary from lender to lender, but will be specified in the contract.

The borrower must adhere to the repayment terms stated in the contract – especially repayment dates and interest rates.

If you are already struggling to pay your bills and repay our debts, you shouldn’t take on extra debt such as a personal loan.

The Financial Conduct Authority lays out rules and guidelines on how companies can operate in the consumer credit industry and to prevent unfair practices. The FCAs debt collection rules and guidance sets out minimum standards that all authorised companies involved in debt recovery and debt collection must adhere to in order to be considered fit to operate as a debt collector.

Examples of unfair practices include claiming unfair or excessive collection charges, harassment, misrepresenting enforcement powers (threatening to seize property when lawfully they cannot), bypassing an appointed representative and contacting you directly, threatening legal action when it is unlikely to take place.

If you have a personal loan with the Bank of Ireland and are struggling with the payments click to contact us or submit your details in the contact form to the right of your screen for instant debt advice.

Contact our Debt Specialist team today for confidential advice. We may be able help you by arranging a reduced repayment plan on your behalf and dealing with your debts for you.

As part of our Debt Directory we have listed most of the Loan Companies, Personal Loan and Finance Companies that operate within the UK, providing you with up to date information on each company and details can be found here Personal Loan and Finance Company Debt Directory.

 

 

Bank of Ireland Group plc is a public limited company incorporated in Ireland, with its registered office at 40 Mespil Road, Dublin 4 and registered number 593672.

Bank of Ireland Group plc, whose shares are listed on the main markets of the Irish Stock Exchange plc and the London Stock Exchange plc, is the holding company of Bank of Ireland.

Bank of Ireland is regulated by the Central Bank of Ireland. In the UK, Bank of Ireland is authorised by the Central Bank of Ireland and the Prudential Regulation Authority and subject to limited regulation by the Financial Conduct Authority and Prudential Regulation Authority.

Details about the extent of our authorisation and regulation by the Prudential Regulation Authority, and regulation by the Financial Conduct Authority are available from us on request.

Website

https://www.bankofireland.com


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