With the Government set to cut public sector pay and reduce the working week for the average public sector worker, not being able to afford their mortgage or being able to pay personnal loans. Debt Assist can help people who are having such problems or problems with credit card arrears. Call us on 0818 333 618 or visit www.debtassist.ie
The head of SIPTU, one of the country's biggest unions with over 200,000 members, says he believes industrial action is inevitable amid growing anger over the Government's handling of the recession. 'We suspended a campaign of action last March,' Jack O'Connor said on Morning Ireland. 'We were actually, as is now quite clear, suckered into a talks process which went on all summer in a desperate effort to avoid all of this.' 'We find ourselves (now) with very little option. IMPACT, which is Ireland's largest public sector union, has started balloting 55,000 members for strike action if the Government imposes compulsory redundancies, cuts working hours or pay or reduces pensions. The result of the vote, which needs a two-thirds majority, will be known by 21 October. 'Our members don't want strikes or the disruption they will bring, but if they don't make a stand it's clear that the Government will be back to slash their incomes again and again,' Peter McLoone, general secretary of IMPACT, said in a statement.
IMPACT balloted members for industrial action in March after Minister for Finance Brian Lenihan introduced a levy on public sector pensions but fell short of the required level of support. This time around, the union is confident of winning the required endorsement. The executive council of the Irish Congress of Trade Unions, the labour movement's umbrella organisation with 650,000 members, will meet on Wednesday to finalise proposals for a campaign of protest. 'Our talks with government have not produced anything,' said Congress General Secretary David Begg. 'Congress therefore sees no alternative but to mobilise its membership in a campaign of sustained opposition.'
Debt Assist with its team on inhouse solicitors and accountants are a one stop shop for anyone with debt problems. Call us to set up a FREE Consultation and let us help.
Monday, September 28, 2009
Friday, September 25, 2009
Debt Consolidation Ireland: Debt Assist. Molloy Pension like winning Lotto
People around the country who are having trouble with debt collectors because they cant pay their loans and are being threatened with eviction from their house, will find it incredile the kind of golden handshake given to Former Fas Director Roddy Molloy at the height of the recession. More Public Money flowing into the pay cheque of a man who was essentially let go for not doing his job properly. Today he resigned as chairman of the IPA
The Taoiseach, Brian Cowen, has been responding to criticism of the controversial FÁS pension arrangements put in place for Mr Molloy. Mr Cowen said that the severance deal was in accordance with public sector norms and was within the Department of Finance's guidelines. He said in the light of recent developments, the Tánaiste, Mary Coughlan, was now seeking legal advice as to whether the terms of the agreement put in place for Mr Molloy should be re-visited. The Public Accounts Committee heard yesterday that Mr Molloy received a pension increase worth up to €1m, as well as other payments.
A spokesman for the Tánaiste said the review had been initiated following information that overspending at FÁS was deliberately withheld by management from the board of directors at the State training agency. The Committee was told Mr Molloy got an additional sum of between €80,000 and €90,000 in his pension package, over and above what he was entitled to. The Secretary General of the Department of Trade & Enterprise, Sean Gorman, told the Committee that Mr Molloy's pension had been increased to give him credit for another four-and-a-half-years' service, despite the fact that he resigned.
This news is a slap in the face to anyone who has been hit hard by the recession, people who have lost their jobs or who are trying to pay off a loan with an unrealistic payment structure, who have credit card arrers they cant pay and yet more and more interest is added. At Debt Assist we can help by cutting those repayments and freezing interest with your creditors. Contact us on 1890 87 67 27 or look us up online at www.debtassist.ie
The Taoiseach, Brian Cowen, has been responding to criticism of the controversial FÁS pension arrangements put in place for Mr Molloy. Mr Cowen said that the severance deal was in accordance with public sector norms and was within the Department of Finance's guidelines. He said in the light of recent developments, the Tánaiste, Mary Coughlan, was now seeking legal advice as to whether the terms of the agreement put in place for Mr Molloy should be re-visited. The Public Accounts Committee heard yesterday that Mr Molloy received a pension increase worth up to €1m, as well as other payments.
A spokesman for the Tánaiste said the review had been initiated following information that overspending at FÁS was deliberately withheld by management from the board of directors at the State training agency. The Committee was told Mr Molloy got an additional sum of between €80,000 and €90,000 in his pension package, over and above what he was entitled to. The Secretary General of the Department of Trade & Enterprise, Sean Gorman, told the Committee that Mr Molloy's pension had been increased to give him credit for another four-and-a-half-years' service, despite the fact that he resigned.
This news is a slap in the face to anyone who has been hit hard by the recession, people who have lost their jobs or who are trying to pay off a loan with an unrealistic payment structure, who have credit card arrers they cant pay and yet more and more interest is added. At Debt Assist we can help by cutting those repayments and freezing interest with your creditors. Contact us on 1890 87 67 27 or look us up online at www.debtassist.ie
Monday, September 21, 2009
Debt Consolidation Ireland: Illegal evictions up by 39%
Debt Consolidation Ireland: Debt Assist is Irelands leading Debt Management company, we help people who can't pay their loans or who have credit card or mortgage arrears. The news that illegal evictions are up by 39% is further bad news for people dealing with massive debt problems, the prospect of losing your home will only add to the worry. At Debt Assist we help by providing a Free Consultation to discuss the best solutions to these problems.
A new report by national housing organisation Threshold has found there has been a substantial increase in illegal evictions.Figures in its annual report for 2008 reveal illegal evictions have increased by 39%. There has also been an increase in clients complaining that landlords failed to return their deposits. 3,600 people complained landlords failed to return their deposits in 2008 - an increase of 2,000. The organisation is calling on the Government to consider putting in place a deposit protection scheme - a similar scheme in the UK has been successful.
Contact Debt Assist on 1890 87 67 27 or visit us at www.debtassist.ie to see how we can help improve your situation.
A new report by national housing organisation Threshold has found there has been a substantial increase in illegal evictions.Figures in its annual report for 2008 reveal illegal evictions have increased by 39%. There has also been an increase in clients complaining that landlords failed to return their deposits. 3,600 people complained landlords failed to return their deposits in 2008 - an increase of 2,000. The organisation is calling on the Government to consider putting in place a deposit protection scheme - a similar scheme in the UK has been successful.
Contact Debt Assist on 1890 87 67 27 or visit us at www.debtassist.ie to see how we can help improve your situation.
Thursday, September 17, 2009
Debt Consolidation Ireland: NAMA will add €34,000 of debt to every family in Ireland
Finance Minister Brian Lenihan has told the Dáil that the National Asset Management Agency will pay an estimated €54 billion for loans with a book value of €77 billion from the banks. He said this represented a discount of almost 30%. Mr Lenihan said there was a risk of paralysis if the Government did not act to get credit flowing in the country's banks. The Minister said that the banks should be grateful to the citizens of Ireland for the protections the measures would bring.
The Fine Gael finance spokesman Richard Bruton said the €54 billion figure represented €34,000 for every family in the country. He said the taxpayer was being asked to pay for the assets at a time when cuts are happening across the public service.
This means that families across Ireland will be under even more pressure financially then before. The next budget is set to be a massacre for low & middle income families as the government throws €34,000 from each familiy at the banks and in return the banks will up interest rates and charges.
Debt Assist can help families in this situation we have experienced advisors who have negotiated huge reductions on the repayment schedules of many families and have interest and other charges frozen. Call use on 1890 87 67 27 or visit our website at www.debtassist.ie and book a FREE consulation with one of our advisors.
The Fine Gael finance spokesman Richard Bruton said the €54 billion figure represented €34,000 for every family in the country. He said the taxpayer was being asked to pay for the assets at a time when cuts are happening across the public service.
This means that families across Ireland will be under even more pressure financially then before. The next budget is set to be a massacre for low & middle income families as the government throws €34,000 from each familiy at the banks and in return the banks will up interest rates and charges.
Debt Assist can help families in this situation we have experienced advisors who have negotiated huge reductions on the repayment schedules of many families and have interest and other charges frozen. Call use on 1890 87 67 27 or visit our website at www.debtassist.ie and book a FREE consulation with one of our advisors.
Tuesday, September 15, 2009
Debt Consolidation Ireland: Variable Mortgage Rates to Rise
Debt Consolidation Ireland / Debt Assist.ie is a company that specialises in helping people who can't pay their loans or who have Mortgage or Credit Card arrears reduce their monthly repayment schedule. As more people are forced into arrears by unrealistic payment schedules set by banks, the news that EBS is about to raise the interest rates on its Variable Mortgages may well be the last nail in the coffin for many home-owners.
EBS has warned that the interest rates it charges for variable mortgages will have to go higher, although chief executive Fergus Murphy told RTE News this would not happen before the end of the year. Mr Murphy said EBS was doing all it could to keep rates low, but he pointed out that similar charges in France, Germany and the UK were 50% higher than in Ireland. So far only one lender - Permanent TSB - has increased its mortgage lending margins although there is an expectation that others may follow. The society said it had cut costs by 8.3% compared with a year earlier, while it had increased its share of the new mortgage market to 18.5%.
With 18.5% of the market this means alot of home-owners will be put in awkward positions as affordability will become the big talking point again with regards to Mortgages. When this happens many economists feel there will be a new spat of home repossessions. If you feel you fall into this sizeable portion of the market then Debt Assist can help by reducing your monthly repayments and freezing interest with your creditors. Contact an advisor for a FREE consultation at 1890 87 67 27 or visit www.debtassist.ie
EBS has warned that the interest rates it charges for variable mortgages will have to go higher, although chief executive Fergus Murphy told RTE News this would not happen before the end of the year. Mr Murphy said EBS was doing all it could to keep rates low, but he pointed out that similar charges in France, Germany and the UK were 50% higher than in Ireland. So far only one lender - Permanent TSB - has increased its mortgage lending margins although there is an expectation that others may follow. The society said it had cut costs by 8.3% compared with a year earlier, while it had increased its share of the new mortgage market to 18.5%.
With 18.5% of the market this means alot of home-owners will be put in awkward positions as affordability will become the big talking point again with regards to Mortgages. When this happens many economists feel there will be a new spat of home repossessions. If you feel you fall into this sizeable portion of the market then Debt Assist can help by reducing your monthly repayments and freezing interest with your creditors. Contact an advisor for a FREE consultation at 1890 87 67 27 or visit www.debtassist.ie
Wednesday, September 9, 2009
Economists Say Gov Must Cut Social Welfare.
Debt Consolidation Ireland is becoming more important to everyone as people start to realise that there will be no quick bounce back from recession. People who can't pay there loans or have Credit Card Arrears or Mortgage Arrears are finding it more difficult to keep to an unrealistic pre-recession payment schedule. As more and more debt laiden peolpe are losing their job or having to economise due to a 3-day work week the news that social welfare is set to be cut in the next budget will heap even more worry on the general public. However Debt Assist has been blazing a trail as Irelands Leading Debt Management Company .http://www.debtassist.ie/ with an inhouse team of Solicitors & Accountants we are delivering results quickly to our Clients.
Economist Colm McCarthy has said the Government has no option but to cut public sector pay and social welfare. He said Ireland could not go on borrowing 10% of its GDP or the situation would soon be similar to it was in the 1980s, when it took a full ten years for the economy to recover. He said the Government had to take action to stop the deficit from rising, and he said that action would have to be in the areas of pay and social welfare. He said the deficit would continue to rise as the cost of servicing the country's debt rose, and as more people became unemployed and relied on the State for assistance.
Debt Assist.ie has an equal footing with all creditors and has built up a working relationship with them and thus can open up the doors that many customers can find locked if purseing personnal correspondance with the Banks. Call Debt Assist on 1890 87 67 27 for a free consultation and see what we can do to improve your Financial Situation.
Economist Colm McCarthy has said the Government has no option but to cut public sector pay and social welfare. He said Ireland could not go on borrowing 10% of its GDP or the situation would soon be similar to it was in the 1980s, when it took a full ten years for the economy to recover. He said the Government had to take action to stop the deficit from rising, and he said that action would have to be in the areas of pay and social welfare. He said the deficit would continue to rise as the cost of servicing the country's debt rose, and as more people became unemployed and relied on the State for assistance.
Debt Assist.ie has an equal footing with all creditors and has built up a working relationship with them and thus can open up the doors that many customers can find locked if purseing personnal correspondance with the Banks. Call Debt Assist on 1890 87 67 27 for a free consultation and see what we can do to improve your Financial Situation.
Thursday, September 3, 2009
Debt Consolidation Ireland Unemployment rises to 12.4% in August
With unemployment continueing to rise, Debt Management has become a serios concern for many people. Debt Assist offers help to people who are in trouble with keeping up payments on their Mortgage, Credit Card & Personnal Loans. People who find themselves in arrears, Debt Assist can help. http://www.debtassist.ie/ or call 1890 87 67 27 for a free consultation.
There are now almost 200,000 more people on the Live Register than this time last year.
The Central Statistics Office said the number of people signing on last month was 440,056, an increase of 4,321 from July. This compares with a rise of more than 17,000 in July.
Adjusted for seasonal factors, the figure was 428,800, up 5,400 from July. July's rise was 10,500, while monthly increases of up to 33,000 were recorded earlier this year.
The unemployment rate rose again, from 12.2% in July to 12.4% in August.
The annual pace of growth also slowed - though the number of people on the dole is still almost 78% higher than in August last year.
With that many more people unemployed than this time last year, it can only be a bad sign for house prices and will force more & more people into negative equity. This now looks likely to strectch back even to homeowners who bought in 2003. This is a scary prospect for everyone, but Debt Assist can help we can significantly reduce your repayments and help you keep your home and car without the worry of debt collectors coming to your door. Check http://www.debtassist.ie/ to see what we can do for you.
There are now almost 200,000 more people on the Live Register than this time last year.
The Central Statistics Office said the number of people signing on last month was 440,056, an increase of 4,321 from July. This compares with a rise of more than 17,000 in July.
Adjusted for seasonal factors, the figure was 428,800, up 5,400 from July. July's rise was 10,500, while monthly increases of up to 33,000 were recorded earlier this year.
The unemployment rate rose again, from 12.2% in July to 12.4% in August.
The annual pace of growth also slowed - though the number of people on the dole is still almost 78% higher than in August last year.
With that many more people unemployed than this time last year, it can only be a bad sign for house prices and will force more & more people into negative equity. This now looks likely to strectch back even to homeowners who bought in 2003. This is a scary prospect for everyone, but Debt Assist can help we can significantly reduce your repayments and help you keep your home and car without the worry of debt collectors coming to your door. Check http://www.debtassist.ie/ to see what we can do for you.
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