Author Topic: Lost of earnings due the car accident  (Read 2780 times)

Offline Rat Catcher

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Re: Lost of earnings due the car accident
« Reply #30 on: January 13, 2020, 07:37:40 pm »
But then, I got a mortgage with nothing more than a letter signed by Tommy Gorman which said I earned IR£65,000 per year and had satisfied taxation liabilities of €6,xxx for the previous year.

All complete bollox, of course. In fact I think anybody coulda walked into NTDUs office and walked away with a licence to borrow as much as they wanted - within reason. I don't recall him asking who's plate I was renting or anything like that... in fact he didn't even ask for the sub, I talked myself out of that 120 (I think) notes. Times were much simpler back then!

Offline mercenary for hire

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Re: Lost of earnings due the car accident
« Reply #31 on: January 13, 2020, 07:39:01 pm »
Fair play.Always remember their job in insurance is to pay you as little as possible lads.

When I was borrowing three years ago the bank didn't care what I could make even though I tripled my workload for a few months they only wanted to go by three years returns.
« Last Edit: January 13, 2020, 07:43:46 pm by mercenary for hire »

Offline Rat Catcher

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Re: Lost of earnings due the car accident
« Reply #32 on: January 13, 2020, 07:45:27 pm »
Indeed... we learnt them! In fact, Credit Unions are even asking for tax returns for car loans these days, something to do with Central Bank rules.

Offline dalymount

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Re: Lost of earnings due the car accident
« Reply #33 on: January 13, 2020, 08:16:40 pm »
I borrow regularity from the eircom credit union ,and what your saying is correct.they always look for bank statements ,form 11and tax returns.they are asking me on a almost daily basis to borrow for a new car,but my situation is somewhat changed now,so I dont know if I will take up the offer or not

Offline Vikkiz

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Re: Lost of earnings due the car accident
« Reply #34 on: January 13, 2020, 10:50:42 pm »
I borrow regularity from the eircom credit union ,and what your saying is correct.they always look for bank statements ,form 11and tax returns.they are asking me on a almost daily basis to borrow for a new car,but my situation is somewhat changed now,so I dont know if I will take up the offer or not
You should do as if you croak it, the loan dies with you  lol

Offline Shallowhal

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Re: Lost of earnings due the car accident
« Reply #35 on: January 13, 2020, 11:38:37 pm »
I borrow regularity from the eircom credit union ,and what your saying is correct.they always look for bank statements ,form 11and tax returns.they are asking me on a almost daily basis to borrow for a new car,but my situation is somewhat changed now,so I dont know if I will take up the offer or not
You should do as if you croak it, the loan dies with you  lol

And they treble your shares....so your family can have a whopper holiday.

Offline Rat Catcher

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Re: Lost of earnings due the car accident
« Reply #36 on: January 13, 2020, 11:57:04 pm »
Do they still do that? No brainer if they do...

Offline john m

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Re: Lost of earnings due the car accident
« Reply #37 on: January 14, 2020, 12:00:38 am »
Credit union is expensive money .12% interest on all the loan even though your own shares make up part of the loan .

Offline dalymount

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Re: Lost of earnings due the car accident
« Reply #38 on: January 14, 2020, 08:07:18 am »
I agree.I think credit unions are a lot more expensive then banks.also unlike their past history,if a member got into trouble ,there was some flexibility,but in the last few years they have become much moore business like .I think they were looking for a banking licence as well

Offline Belker

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Re: Lost of earnings due the car accident
« Reply #39 on: January 14, 2020, 08:28:27 am »
I agree.I think credit unions are a lot more expensive then banks.also unlike their past history,if a member got into trouble ,there was some flexibility,but in the last few years they have become much moore business like .I think they were looking for a banking licence as well
So don't use them, save in advance and buy fer cash when you have the funds saved.
As me ol Da used to say; "Pay as you go, if you can't pay, then don't go !"

Offline Vikkiz

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Re: Lost of earnings due the car accident
« Reply #40 on: January 14, 2020, 10:36:38 pm »
Credit union is expensive money .12% interest on all the loan even though your own shares make up part of the loan .
My CU is only 8.9%.
It’s easier to get a loan from the credit union than from a bank.
Also the interest decreases as you pay off the loan, unlike a bank.

And you can blame the guards for CUs going the way they did.

Offline Cool Boola

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Re: Lost of earnings due the car accident
« Reply #41 on: January 14, 2020, 10:56:11 pm »
Don't  be bring Tommy Gorman into this...he was just a facilitator (for pension funds)...allegedly
Dis an Dat

Offline Rat Catcher

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Re: Lost of earnings due the car accident
« Reply #42 on: January 15, 2020, 05:07:24 pm »
Tommy was (and still is, I think) a good man. Himself and Usher knew their business inside out... not like the halfwitted morons getting in front of cameras and microphones these days.

Offline silverbullet

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Re: Lost of earnings due the car accident
« Reply #43 on: January 15, 2020, 05:31:09 pm »
Tommy was (and still is, I think) a good man. Himself and Usher knew their business inside out... not like the halfwitted morons getting in front of cameras and microphones these days.
Back in the day unions were very closely linked to Berties Drumcondra mafia, even going so far as sporting election paraphernalia on their vehicles.
Apart from several pensions for himself- allegedly-and Shares in a failing cab company , what did the average driver  get out of that poisoned liaison?

Offline Rat Catcher

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Re: Lost of earnings due the car accident
« Reply #44 on: January 15, 2020, 05:35:51 pm »
Kept the trade regulated for 22 years.
Bertie's forum almost kept the trade regulated for a bit longer.
Kept income tax bills for drivers close to zero.
Got Mortgages for drivers with income tax bills close to zero.
Got the State Pension for drivers.
etc...

 


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