Debt Recovery

As more and more businesses are finding it hard to collect on invoices owing to them as the companies their supplying are still finding the trading conditions difficult. Businesses are now employing debt recovery firms to recover their bad debts. At Debt Assist we have handled many cases like this and always stress that negotiation of debts and payments is the key to resolving the situation.

Debt recovery firms start with a demand letter to businesses for monies owed. This can then lead onto The District Court for debts up to €6,350 , The Circuit Court for debts up to €38,090 and the High Court for debts above this. After a Judgment is made Creditors can send default judgments to the Sheriff have them published and registered as charges against property. If a debtor than defaults on a instalment order made by the court, there is provision in law to have the debtor sent to prison.

Debt Assist has a team of in-house Solicitors and Accountants who have vast experience in dealing with this sort of problem we can negotiate between creditors and debtors to come to a solution everyone is happy with rather than going down the road of litigation. Not only will this rob your company of a customer for life who may well be able to pay their debts in full at a later stage when trading conditions improve it also can have a negative affect in attracting new customers in the short to medium term. Call Debt Assist on 1890 87 67 27 or visit us at http://www.debtassist.ie/ and see how we can use our experience to get your companies cashflow moving again without all the costs associated with litigation.

State Mortgage harder to qualify for then Banks.

The governments answer to people being unable to get a mortgage with mainstream commercial banks, the Homechoice scheme has been modified to include second hand homes. Originally first-time buyers who had been refused by at least two banks could apply to the scheme but only for a new house. With many commentators voicing their opposition to the scheme saying it was simply another bailout for developers due to the purchasing of new homes only.

But it seems the government can’t take care of developers anymore than they are as they tightened the qualifying criteria to be harsh the banks. As it stands a first time buyer to get a 92% mortgage must be earning in excess of €40,000 and be in continuous employment for at least two years.

With a very poor uptake of this offer and many refusals the government now look to be trying to get some good press by including second hand homes or else maybe they are looking down the line to when NAMA is up and running and the banks are free to start repossessing on a massive scale with the government hoping to have first-time buyers waiting in the wings.

At Debt Assist we can help anyone who is having problems with mortgage or credit card arrears or struggling with any type of debt. Book a free consultation with one of our advisors by calling 1890 87 67 27 or visit us online at http://www.debtassist.ie/index.html

Upcoming budget set to be the hardest for a generation.

The next budget is going to be particularly hard for anyone who is struggling with debt. The government are set to hit the public for a number of new taxes and costs. Debt Assist can help anyone who is having problems with debts be they credit card or mortgage arrears, our team of Solicitors and Accountants are market leaders in negotiating with creditors to reduce repayments and help freeze interest and other charges being added. Call us on 1890 87 67 27 to speak to one of our advisors.

First up is the proposed fall in national wages by bringing down the minimum wage. With the dog on the street knowing that inflation will be rampant over the next few years reducing people’s income who already are suffering with huge debts in essentially a double taxation as everyone’s buying power will be eroded over the coming years. Many private sector employees have already seen huge pay cuts and dropping the minimum wage will only effect the very worst off.

Property, water and carbon taxes are set to be introduced in the new budget again hitting the less well off hardest as people struggling to keep on to their home will now be lumbered with further costs as they try to pay down a massive mortgage for a hose that may have fallen in value by as much as 50%.

The service Debt Assist offers is becoming more and more essential to families all across the country. If you are struggling to repay your debts and keep up with unrealistic repayment schedules then talk to one of our advisors at 1890 87 67 27 and book a free consultation or visit us at http://www.debtassist.ie/

Plans to Reform Irelands Debt System

The Law Reform Commission have revealed plans to change our current debt system calling the old Bankruptcy as outdated and ineffective as well as too expensive for consumer debt. They are hoping that the changes to the system will make it much easier for the courts to distinguish the can’t pays from the won’t pays. This will be achieved by the establishment of a new Debt Enforcement Office which will examine the means of the debtors if the office finds they can pay then an enforcement order will be issued however if the office decides a debtor can’t pay then a stay will be placed on any proceedings until a settlement has been reached with creditors. The system would use Mabs and licensed money advisors to negotiate settlements with the creditors.

Debt Assist welcomes the news that the government is finally set to step in and help the thousands of people with massive debts that have no hope of repaying them. We have been market leaders in Ireland in negotiating reduced repayments for our clients and freezing interest and other charges being added on top of an already huge debt. We deal with both credit card and mortgage arrears and any other form of secured or unsecured debt. Call us on 1890 87 67 27 or visit us at http://www.debtassist.ie/ to book a free consultation with one of our advisors and let Debt Assist help you with your debt problems.

Lenders warned to obey code of conduct

Master of the High Court Edmund Honohan struck out a number of repossession cases involving KBC Mortgage Bank because they did not follow the code of conduct set down by the Financial Regulator in February to help customers in mortgage arrears. The code requires lenders to advice customers who are in difficultly to meet with a third party about their debts. The code also requires the lenders to liaise with the third party to find a suitable repayment plan.

Debt Assist has been helping people who have problems with mortgage and credit card arrears for sometime and we have an enviable record when it comes to negotiating reduced repayments. Our team of in-house Solicitors and Accountants are positioned to get the best possible result for our clients and often can negotiate a 50% decrease in monthly repayments. Call us on 1890 87 67 27 or visit us at http://www.debtassist.ie/ and book a free consultation with one of our advisors and see the difference Debt Assist can make.

Credit Card Debt on the Rise

Credit Card Debt in Ireland is rising as more and more people who are losing their jobs or having their hours cut are forced to put essential items on Credit Card. In October the Ireland’s total Credit Card Debt was €2.95 Billion. Although some people have been trying to pay back as much as they can rolled up Interest Penalties has meant that their mountain of debt just gets higher and higher. Debt Assist is able to negotiate the freezing of Interest on credit card debt with our client’s creditors, find out how at http://www.debtassist.ie/ and see how we make sure all your repayments go to servicing your debt and not to interest repayments.

Customers are now finding even more difficult with credit card debt and the harassment that ensues when you are in arrears. Mabs has even come out this week and said that the undue pressure being placed on credit card customers in arrears is harassment and should be reported to the Gardai if it persists. Debt Assist can handle all these annoying phone calls and letters for you. We offer a full service to our clients that incorporate us taking on the headache of dealing with creditors and their demands and making sure that our client no longer receives any. Contact us on 1890 87 67 27 or visit http://www.debtassist.ie/ to see what a difference we can make.

Budgeting Service

At Debt Assist we have developed our own specialist budgeting service for Business clients and for Personal clients. It is called the Cashsave Plus system and was designed by Qualified Financial Advisors, Accountants and Solicitors to ensure that a method was in place to deal with both Personal and Business debt in a cohesive and manageable way and in keeping with the governing laws of Ireland. The service is the most innovative Budgeting service in Ireland at the moment.

For more details on this Budgeting Service and the difference our service can make to your finances please contact us on 1890 87 67 27 or visit us at http://www.debtassist.ie/ At Debt Assist your financial wellbeing is our priority.

Creditor Negotiations

Over the last several years, secured and unsecured debt was mounting on the Irish public, until recently this debt was manageable and people were able to service their borrowings. Unfortunately as the recession hit, people found that they were no longer able to afford their debts due to loss of income or even loss of employment. The recession in Ireland has affected everyone the same, people that once had disposable income no longer do or may be finding it difficult to get credit. We are not talking about one section of society, we are talking about all of society. There is no one who hasn’t felt the pinch of the recession and the longer the recession lasts the more difficult it is becoming for people to service their debts.

We have come to a point where people from all walks of life are now having creditors call them and send letters to them when their loans are going unpaid. People are finding it very hard and difficult to negotiate with their creditors whoever they may be. Debt Assist has been helping people and businesses negotiate with their creditors for a long time and we know how stressful it can be to get creditor calls and letters in the post constantly. But with our help as we are accountants and solicitors we can effectively manage your debts for you and we can negotiate with your creditors on a settlement that suits you as well as them. Your creditors can be negotiated with and we can help you with it.

Please call us on 1890 87 67 27 or visit http://www.debtassist.ie/ to book a free consultation with one of advisors and see what a difference we can make to your situation

Business Debt Management Plan

Business debt management plans are similar to personal debt management plans, both give you the freedom to manage your finances in an informal agreement with your creditors that is affordable to you. At Debt Assist we will act on your behalf and arrange a repayment plan with your creditors, once this plan is agreed upon any creditor calls or letters you were receiving will soon stop. Continuing with and keeping up to date with the repayment plan and with our help you will become debt free in the future. The benefit of the debt management plan is you only pay what you can realistically afford to pay. It is possible to freeze and reduce your interest fees and charges. The plan requires one monthly repayment and from that all of your creditors will be paid.

To avail of a debt management plan scheme, all you need do is contact us at 1890 87 67 27 or visit us at http://www.debtassist.ie/ and someone from our team of accountants and solicitors will be in touch with you and help you in whatever way we possibly can.

Revenue Negotiations

In Ireland today we are experiencing immense economic uncertainty, no business sector seems to be safe or immune from the prevailing economic turmoil. Irish businesses on a daily basis are encountering server financial difficulties. This may be no reflection on the business but more so on the current economic climate. We understand that business in all sectors is down and people are, where they can trying to cut costs, cover all expenses and cover all debts. We know in certain circumstances this may not be possible.

We are seeing more and more people coming to us looking for help with the Revenue Commissioners and for us to negotiate on their behalf for them. We are passionate about helping people and businesses resolve their outstanding tax issues with the revenue commissioners. We provide a comprehensive service built around trusted tax solutions. Our expert team is comprised of accountants and solicitors who specialise in the fields of personal and corporate taxation. We will insure you get the help you need from our team of experts. We are here to listen and help you over come your present tax difficulties.

Call Debt Assist on 1890 87 67 27 or visit http://www.debtassist.ie/ to book a free consultation with one of our advisors and see what a difference we can make to your situation.

Struggling Homeowners abandoned by Government

Brian Lenihan has said this week that next month’s budget would not contain any protection for homeowners struggling with arrears. Opposition leaders have maintained that there is an ‘Avalanche’ of repossessions looming as 35,000 homeowners have fallen behind on their repayments. They feel radical action needs to be taken to stave off a housing crisis that could lead to thousands being made homeless, especially if people give up their houses voluntarily as they can no longer avail of government housing or benefits as they have voluntarily become homeless.

Debt Assist can help any homeowner feeling the pressure as we as a country continue our slide into a deeper recession. With our team of in house Solicitors and Accountants we offer a comprehensive service that can say you money in all aspects of your expenditure. We negotiate with your creditors to make sure you only pay what you can realistically afford to pay and stop all phone calls and letters, Debt Assist takes the burden away from our clients so that their debt no longer runs their lives and our clients can get back to what’s important in life.

Gov to cut Child Benefit

As the Government prepares to take €4bn from the economy, child benefit is first on its hit list. They intend to introduce a three tier system which essentially is a way of taxing child benefit without saying their taxing child benefit. They say higher earners will be hit hardest by the new system losing up to 50% of their benefit however it will be interesting to see who they now deem to be higher earners.

Many people have voiced their dismay at this new system saying it will force many parents out of the workforce as they won’t be able to afford childcare. The government seems to be using a small deflationary period in the economy to justify cuts to all benefits. Of course for the majority of families everyday expenses haven’t come down, it might be quiet a bit cheaper to buy a new bmw but milk and bread still cost the same.

Debt Assist specialises in helping people getting out from underneath their debt but only after making allowances for their living expenses. We realise that your debts shouldn’t be the first thing you think about in the morning and last thing at night and we make sure our client’s only pay what they can afford to pay. Call us on 1890 87 67 27 or visit http://www.debtassist.ie/ and book a free consultation with an advisor in one of our offices in Dublin, Cork or Galway and see the difference we can make to your situation.

IBF Mortgage lenders say they'll help people having difficullty with mortgage repayments

Over 1,000 homeowners a month are seeking help from the Government to pay their mortgage. However both in the household must be unemployed before the Government will pay part of the mortgage. At the moment half of this are being refused help. This statistic comes on the back of news that The Irish Banking Federation has pledged to help homeowners facing difficulty with their mortgage repayments. The banks say they will make rolling six month agreements with customers who are in difficulty and provided the customers keep to these terms the banks will not initiate any legal action against them.

However many homeowners say this deal is too reliant on the banks as they are the ones that make the distinction as to whether homeowners can’t pay their mortgage or won’t pay. That means if the banks feel the borrower’s efforts to repay the loan are insufficient they will still push through a repossession order. Many journalists have called this offering from the banks merely a PR campaign to draw attention away from headlines showing the reality of home repossessions.

At Debt Assist we offer the services of in house Solicitors and Accountants to negotiate the best reduction possible on your repayments whether client’s are having trouble with mortgage arrears, credit card arrears or paying back any loan. We make sure our clients pay back only what they can afford to pay back by doing a comprehensive financial review of our client’s financial situation. Call us on 1890 87 67 27 or visit http://www.debtassist.ie/ and book an appointment with one of our advisors and see what Debt Assist can do to improve your circumstances.

The Bank has been hounding us to pay back our mortgage

One Irish couple with three young children have been brave enough to come out and tell their story to the papers just how the banks have been demanding crazy repayments on their mortgage even though both are unemployed. Karen & Jason Moody are telling a story that has become the reality for many Irish families up and down the country. With a combined income of €390 a week from Social Welfare and three small children to feed, the bank is still demanding €1,300 a month just to cover the interest leaving the family with €260 a month to survive on before paying any other bills or paying for food.

Debt Assist can help anyone you can’t pay their loans or is having trouble paying credit card or mortgage arrears. Our team of in house Solicitors and Accountants are experts at negotiating with creditors and have an unparalleled success rate when it comes to getting banks to freezing interest and charges on accounts that are already struggling to pay back unreasonable amounts in the new economic climate. Call us on 1890 87 67 27 or visit us at http://www.debtassist.ie/ and see what we can do to improve your situation. Debt Assist makes sure that you only pay what you can afford to pay and make sure that all correspondence with your creditors goes through us so you don’t have to deal with banks hounding you for money.

Government to cut €1.3bn in public sector pay bill

Next months budget could be the worst budget for a generation as the government tries to find €1.3bn by reducing the public sector pay bill. This looks set to include a wave of public sector redundancies and pay cuts aswell as cuts to social welfare and unemployment. With many people who have just lost their job already finding it difficult to keep their head above water on job allowances payments further cuts could spell disaster to their financial health.

Now people still struggle with servicing huge monthly payments on their debt and cuts to this income will push many onto the poverty line. At Debt Assist we can help by reducing those monthly payments and getting your creditors to stop adding interest and other charges to your debt. Call us on 1890 87 67 27 or visit us at http://www.debtassist.ie/ and book a FREE consultation with one of our advisors and see how debtassist can help you reduce your monthly outgoings.

Creditor Letters

Debt Assist can help anyone who can't pay their loans or are having problems with credit card or mortgage arrears. Visit http://www.debtassist.ie/ or call 1890 87 67 27 to arrange a free consultation with one of our advisors.

Creditor Letters are becoming more and more threatening as time moves on from the government bailout as the banks stop their softly softly approach and concentrate on getting their profits back. Many people find these letters extremely stressful and intimidating when threatened with repossession of their family home or a possible jail sentence. With NAMA's completion arond the corner and with the banks no longer behold ant to the government a new wave of repossessins is likley to occur. This puts a real bite into the majority of creditor letters.

At Debt Assist with our inhouse team of Solicitors and Accountants we are able to stop banks and other lenders sending anymore creditor letters or harassing people by phone. We understand that being in serious debt and struggling to meet repayments can be an extremely stressful time and we are here to help. Our proven track record shows a success rate that can lead to your monthly repayments going down by half, if you are being intimidated by creditor letters or phonecalls, call us on 1890 87 67 27 or visist http://www.debtassist.ie/ for a free consultation.

Debt Consolidation Ireland: Debt Assist: Judge orders record number of repossessions

Debt Consolidation Ireland: Debt Assist can help anyone who is having trouble paying a loan or has credit card or mortgage arrears. We are the only Debt Management firm run by Solicitors and Accountants and this gives our firm a huge advantage when negotiating with your creditors. Call 1890 87 67 27 or visit www.debtassist.ie to set up a free consultation with one of our advisors.

A High Court Judge granted a record number of repossesssions yesterday, as 18 properties in all were repossessed. Although the Judge was sympathetic to many of the 76 cases put before her and granted 6 month deferrals to help owners who had lost their job time to get back on their feet, the 18 repossessions were cases she had no option but to do so as the people had no way of paying their debt.

One couple Karen and Jason Moody appeared on tv3's the morning show to share their torment at being 'hounded' by the banks to meet unrealistic repayments of €1,300 a month even though both are unemployed. The couple were even forced to tell their young children that Santa wasn't coming this year as all their income went to servicing the debt. Debt Assist offers a complete financial review of our clients situation and make sure you only pay what you can realisticly afford to pay after expenses such as food, heating and children are taken into consideration. We have a proven track record that shows we can reduce your monthly outgoings by over 50%. Call us on 1890 87 67 27 or visit www.debtassist.ie to set up a free consulation with an advisor and see what we can do to improve your situation.

Debt Consolidation Ireland: Debt Assist: Middle Class Mortgage Time bomb

Debt Consolidation Ireland: Debt Assist: A middle class mortgage time bomb is ticking that could force the banks into a wave of repossessions. Irish Banks have lent over €150bn to Irish Homeowners and as Mabs is reporting a 60 percent increase in people contacting them with mortgage arrears the problem is only set to get worse.

The majority of people in middle class areas now have serious debt problems linked to mortgage repayments this has been due to unemployment or a cut in household income. As people fall into arrears with their mortgage the problem only gets worse as the arrears continue to build as you struggle to meet your repayments. The time bomb will be set to go off when the banks finally stop there softly softly approach and start repossesions. This now doubt will happen when NAMA is finally put to bed and the banks are free to conduct business as usual.

Debt Assist can help anyone with Mortgage or Credit Card arrears or anyone who is having problems paying their loans. Our team of Solicitors and Accountants put together a realistic payment plan for our clients and negotiate hard with their creditors to freeze interest and other charges being applied to the debt and payments going to pay off the capital. Call us on 1890 87 67 27 or visit us at www.debtassist.ie to set up a free consultation with one of our advisors and see what we can do to improve your situation.

Debt Consolidation Ireland: Debt Assist: Courts Facing €1bn wave of Debt

Up to €1bn in consumer and corporate debt actions could flood the courts by the end of the year. Statistics show that over half a billion euro of credit defaults came before the courts in the first nine months of the year and this is set to spiral.

Banks are now starting to call in the personal guarantees on their loans which could lead to a spat of home repossessions. If you are having problems repaying your loans or have mortgage or credit card arrears Debt Assist can help. Our team of Solicitors, Accountants and Financial Advisors are experienced negotiaters with financial institutions and have a proven track record of reducing monthly repayments by up to 50%.

Call one of our offices in Dublin, Cork and Galway on 1890 87 67 27 or visit us at www.debtassist.ie and book a free conslutation with one of our advisors.