Tuesday, November 3, 2009

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.

1 comment:

  1. I think you have to providing such great services to every middle class peoples.I really Impress on your work.I know so many peoples are suffering this debt problems,really greats services, I glad to knew this great work.
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