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
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Hi, i have a mortgage with Haven who are owned by EBS, I'm already struggling with my repayments as i was made redundant recently. Can Debt Assist do anything for me, or those anyone using the forum have any advice.
ReplyDeleteHi Brian, Debt Assist can do alot for someone in your stituation. Call us on 1890 87 67 27 and we can set up a free consultation as we will need some more information about your finances.
ReplyDeleteThanks for the speedy reply, my mortgage is €1,500 a month. As i said i've recently been made redundant so we are surviving on my wifes salary. We also have 2 cars and the joint repayment is €900 a month. I've missed car repayments and have had letters regarding repossession. Thanks Brian...
ReplyDeleteBrian depending on your financial circumstances we can reduce those repayments by half and make sure that your car is not taken from you. If you contavt us on 1890 87 67 27 or 0818 333 618 we can take it from there and resolve your situation sooner rather than later.
ReplyDeleteHi Brian Debt Assist helped me with my debt problems and now im paying €875 on a mortgage that was costing me €1,800. God knows what would of happened if i hadn't contacted them. Great advice and loads of help...
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