Helping our customers through difficult times.

Key Information

• Step by Step Process to Managing your Borrowings

  Step 1 - Review your Finances

  Setting out your monthly income and outgoings is the first step towards improving your financial situation. You can download our Monthly Income & Expenditure Planner to help you get a clear picture of where your money is going and any changes you need to make.

  
  Step 2 – Take Action

  Once you have a clear and realistic picture of your financial situation, you may be able to take action to make immediate improvements.

   

  Manage your spending

  • Keep a ‘spend diary’ for the month. You may be surprised at how some small regular items can add up to a substantial monthly amount. If they’re optional, you could save that amount by cutting back here.
  • Maximise your income
  • Check that you are getting all the tax credits and reliefs to which you are entitled (e.g. Tax Relief at Source, medical and dental expenses)
  • Explore other ways of bringing in additional income, for example renting out a room or taking on a part-time job.

   

  Step 3 - Get in touch

  The sooner you talk to us the easier it will be for us to find a solution to your financial difficulty. Simply get in touch with us and we will arrange for an experienced adviser to talk to you in confidence, at a time that suits you.
  
  For more information please pick up the Managing your Personal Borrowings Guide from your AIB branch or download it below.

• What we can do to help:

  There are various ways we can work with you to try find a solution to your financial difficulty and help you manage your debts with AIB. If you have loans with other banks or financial institutions you will need to speak to them directly. Every person's case is different but to give you an idea of potential solutions, here are a number of options we can explore:
  
  

  • Consolidating your AIB personal debts into one loan (personal loan, credit card debt, overdraft can all be combined)
  • Extending the term of your existing AIB loan(s) to help your cash-flow
  • Moving to interest-only payments for a period to help you get back on your feet
  • Repayment Break (usually 3-6 months) - deferring payments until your situation improves
     

  However, flexible repayment options may appear cheaper in the short-term but could be more expensive over the life of the loan and are subject to approval. Do remember that the sooner you speak to us about your financial difficulty, the easier it will be for us to work with you on a satisfactory resolution.