An Cosantóir the official magazine of the Irish Defence Forces and Reserve Defence Forces.
Issue link: https://digital.jmpublishing.ie/i/1020554
An Cosantóir September 2018 www.dfmagazine.ie 24 | OVERNIGHT IN CENTRAL DUBLIN AT TRULY UNBEATABLE PRICES! Call 01 485 0600 to book your room! Stay in Brú na bhFiann 'Home of the Brave' Just €35 for a comfortable single room or €65 for a double room - that's €32.50 per person in the heart of Dublin - how's that for value? ese are special rates avaible to ONE members, and to serving and retired members of the Defence Forces. So if YOU want to save on accommodation in Dublin, why would you look anywhere else? FROM just €35 a night Brú na bhFiann, Smithfield Market, North King Street, Dublin 7. D07 HD72 Getting off the Moneylender Merry-Go-Round Knock…knock…knock…the dreaded moneylender agent is at your door as its collection day. According to the Central Bank, 350,000 people in Ireland were customers of regulated moneylenders in 2017 borrowing €268 million at rates of up to 288%. Alternatively, credit union loan rates are capped at 12% with most offering significantly lower. Plus, interest rebates are often given. Recent feedback suggests some personnel still lean towards such expensive loans: "We've become highly aware of the huge numbers of serving members who are trapped in the vicious cycle that is money lenders. …Sadly, and with nowhere to turn many of our serving members turned to money lenders as they had no choice." WHERE TO START Remember you've access to a great free resource in your barracks/base with Per- sonnel Support Services (PSS) staff and social workers experienced in support- ing personnel with their personal finances and moneylenders. They also run awareness programmes that incorporate financial planning lectures and can perform personal financial health checks. Equally your PSS staff can assist you in your application for the CAFNBO self-financing Distress Fund. CALL ANSAC ABOUT SWITCHING On 01-8554489 to discuss options. ANSAC may conduct a stress test depending on the requested loan amount. In addition, you'll need to present proof of your loan and outstanding balance with your moneylender. Should your loan applica- tion be successful, they'll issue a cheque to your moneylender to clear your balance, provided this is acceptable within the terms of your loan agreement. Not only will you pay less interest, you'll also simultane- ously build up savings and shares through your loan repayments. And provided ANSAC generates an annual surplus, you'll receive dividends. Interest rebates may also be issued. Ph: 01-855 4489 / 01-855 8067 | info@ansaccu.ie | www.ansaccu.ie | 75 - 76 Amiens St., Dublin 1 BY ANSAC CREDIT UNION