Every effort is made to accommodate members whose circumstances have changed. These members may be experiencing difficulties meeting their loan repayments.
By working with us, we may also be able to help you manage your other debts.
The common reaction to financial difficulty is to refinance your loan, but there are implications to this. These are:
1) the Central Bank of Ireland will not allow you to borrow again for 12 months.
2) Access to future borrowing may also be affected.
Our Credit Control team will work with you in assessing all your options based on your needs and what means are available to you.
Groceries
- Shop with a list. If you decide in store you will spend more – use loyalty cards/coupons etc
- Shop for bargains and cut back on non essential items. Be smart. Shop for store brands
- Local butchers offer great deals
- Eliminate waste – watch what you bin!
Services – are you getting value for money on the following?
- Banking – switch to Tralee Credit Union’s free banking services
- Insurances
- Electricity
- Internet & TV
- Heating and Car fuel
- Refuse collection
Other tips
- Are you claiming all your tax benefits or social welfare entitlements? Visit www.revenue.ie and www.citizensinformation.ie
- Make your own lunch
- Could you reduce your travel/parking costs (walk or cycle to work/ car pool?)
- How much do you spend on socialising/entertainment?
- If you have older children living with you that are receiving an income, could they contribute towards your household expenses?
Remember the secret to getting rich – “Spend less than you earn”.
The solution may be a revision of your Income and Expenditure, as well as assistance with your Budget Planner. You will be surprised where savings can be made.
- If you need help managing your money and paying bills, we can help you switch to Cara Credit Union’s Banking Services with little or no fees.
- You can transfer your wages/social welfare to your Credit Union Current Account, and we will arrange to pay your bills to suit the frequency of your income.
- We can pay your mortgage/rent, utility bills, credit union loan and any other debts you may have.
- To make withdrawals you can use your Cara Credit Union Mastercard Debit Card at any ATM in Ireland or abroad, with the Debit Card you can get cashback at any partispicating retailer. If you do not have a Cara Credit Union Current Account you can transfer funds using our Online and Mobile Banking services.
If you feel we can help, please contact our Credit Control Team for assistance.
- Direct Debit from your Bank Account. To set up a Direct Debit call to Cara Credit Union or Tel 066 712 2373
- Electronic Funds Transfer / Standing Order from your Bank Account. To set up an Electronic Funds Transfer / Standing Order please contact your Bank with your Credit Union IBAN and BIC Numbers
- Online through your Bank’s Online Banking facility. Please use use you Credit Union IBAN and BIC
- By Telephone using your Laser/Debit Card Tel 066 712 2373 (Dial 2)
- Cara Credit Union CU Online Banking or Cara Credit Union Mobile App: Transfer funds from your Credit Union Current Account to your Loan Balance.
- Payroll Deduction, Paypath, Social Welfare and/or Pension. For further information call to Cara Credit Union or Tel 066 712 2373
- Use Express Banking (Tralee, Castleisland and Killorglin Branches )
- Call in to our offices in Tralee, Castleisland, Killorglin, Ballyduff, Causeway & Corca Dhuibhne.
Debit cards accepted
