Debt Consolidation Ireland

Debt advice with Debt Assist – for the peace of mind you deserve!

2010-02-17T13:36:00.002Z

Are you looking for independent and confidential debt advice? If the answer is Yes you are at the right place. We at Debt Assist know that being in debt its very stressful situations for many of people in the country today. Debt Assist http://www.debtassist.ie has been formed to assist those who are in financial difficulties especially those who cannot pay back their debts. We provide full range of financial services including Debt Management, Debt Advisory. Our debt advice is specially designed to meet your personal needs. Our experienced team is always there for the clients to help, offer support and solve issues related with your finances. Our Debt Management Plans are specially designed for those in debt crisis. Debt advice with Debt Assist – for the peace of mind you deserve! Clear your debt with Debt Assist http://www.debtassist.ie today! For more information on our debt advice services call our office on 1890 87 67 27. Don’t forget to visit our webpage http://www.debtassist.ie to read more about our debt advice and debt solutions that will match you personal circumstances.

Debt advice with Debt Assist - we can help!

2010-02-12T11:25:00.003Z

If you owe money to your creditors (credit cards, loans, overdrafts etc) and you can’t pay the money you owe back – there is a solution. We at Debt Assist will provide you with the best debt advice and inform you what options are the most suitable to your individual situation. Our professional debt advice will help you to tackle your financial problems. If you are in debt crises why not call us and find out what debt advice we can offer to you?
Debt advice with Debt Assist http://www.debtassist.ie - we can help! There are many options available to reduce your monthly payments and freeze your interest. Our experienced team is ready to answer your call. Get in touch with Debt Assist http://www.debtassist.ie today. Call us on 1890 87 67 27 or email us on info@debtassist. For more information on debt advice you can also visit our webpage http://www.debtassist.ie

Debt Advice - Start your financial makeover with Debt Assist today!

2010-02-11T12:06:00.002Z

In the current economic climate more and more people are aware that planning for the future and for future financial security is a priority. Decrease in the value of pension funds and also decrease in property prices, reintroduction of third-level fees and also cuts to social welfare payments these are only examples which are not making the situation easy for the average Irish family today. People are more aware that debt management and budgeting have become significantly important. We at Debt Assist http://www.debtassist.ie/ strongly advice our clients to review all their expenses to see there are any better deals available in the market. Phone and utility bills, insurance, credit cards these are only examples where people can make significant savings.
At Debt Assist http://www.debtassist.ie/ professional debt advice is available. Call us today on 1890 87 67 27. You can also visit our webpage on http://www.debtassist.ie. Debt advice from Debt Assist http://www.debtassist.ie/ will help you to pay off your bills and manage your outstanding debts. Debt advice for the financial security you deserve. Start your financial makeover with our debt advice today!

Professional Debt Advice

2010-02-09T17:31:00.000Z

There is no doubt that debt is one of the major issues in Irish society today. The Irish budget for 2010 is facing cuts due to the incredible amount of debts run up by Irish Government. More and more people who are in financial difficulties are seeking support and debt advice. With our professional debt advice we will help you to overcome this stressful and worrying time. Debt advice from Debt Assist http://www.debtassist.ie – for the outcome you deserve! Debt Help with Debt Assist http://www.debtassist.ie/ - a simple way of getting out of debt and achieving financial health. For professional debt advice call us today on our Locall line 1890 87 67 27. You can also email us any time on info@debtassist.ie.

Debt help service is available for those in debt crisis !

2010-02-05T12:59:00.000Z

FAMILIES face the prospect of having to shell out an extra €1,000 after a swathe of crippling charges and stealth taxes were announced in yesterday’s Finance Bill. The combination of mortgage hikes and higher income taxes imposed in the past three Budgets, along with the extra charges announced yesterday, are likely to cost an average family up to €1,000 a year. The bill contained a range of stealth charges proposed just two months after a savage Budget cut public sector pay and reduced social welfare payments. For example consumers will have VAT of between 13.5pc and 21pc imposed on services such as bin collections, car parking, swimming pools, the hiring of sports facilities and commercial water provision. (Irish Independent, Friday 5th Feb 2010)
If you are looking for professional debt help – apply for your consultations with Debt Assist http://www.debtassist.ie/ today! Our debt help service is there for those in debt crisis. Our debt help solutions are relevant, appropriate and fit for the purpose. We will also help you to plan your income and expenses for preventing you from getting further into debt. Debt help is available for you today! Complete our online debt enquiry form (We promise to deal with your enquiry promptly). You can also call one of our experience staff member on 1890 87 67 27. For further information on debt help related issues you can also email us anytime on info@debtassist.ie

Debt help - Make a fresh start with Debt Assist !

2010-02-04T15:11:00.000Z

Debt help - Make a fresh start with Debt Assist http://www.debtassist.ie.
We at Debt Assist http://www.debtassist.ie are offering professional debt help for people facing financial difficulties. We will help you to resolve you debt problems by providing the most suitable solutions depending on your personal circumstances. With our debt help you will eliminate many stressful situations from your life. How does it work? It’s simple enough! On your behalf we will act as an agent between you and your creditors. We will do everything to negotiate the best deals with people you owe money to. With our debt help service you will be paying only what you can comfortably afford on a monthly basis.
Debt Help with Debt Assist http://www.debtassist.ie - start sorting out your finances with us today! To receive professional debt help from our experienced and understanding team members call our nationwide Locall number 1890 87 67 27. To read more information on debt help related issues visit our webpage http://www.debtassist.ie.

At Debt Assist professional debt help is available !

2010-02-03T12:08:00.002Z

We at Debt Assist http://www.debtassist.ie/ know that being in debt is not only a finance issue. Overwhelming debts can affect different life areas resulting in many stressful situations and sleepless nights. Debt Help with Debt Assist http://www.debtassist.ie/ is a simple road to financial peace. With our debt help you will be able to repay your debts in a way that’s affordable. At http://www.debtassist.ie/ professional debt help is available. The key benefits of our debt help services are:

Only pay what you can realistically afford to pay
One simple monthly repayment
Freeze or reduce your Interest payments and charges
Be debt FREE in as little as 12-36 months
We manage your debts; freeing up your time to enjoy life again!!
Help put an end to stressful creditor phone calls
You can stop the plan at any time without any penalties

If your debt clock is ticking and you can meet your monthly repayments don’t waste more time. With our Debt Help http://www.debtassist.ie/ you can make a positive change to your life and financial statement.
Call Debt Assist office today on 1890 87 67 27 and see for yourself what debt help you can get from us.

Professional Debt Help with Debt Assist

2010-02-02T14:49:00.001Z

If you are experiencing debt problems remember that you are not alone. In the light of current economic conditions being in debt is now a fact of life for many of us in Ireland today. Thousands of consumers have already reached the point were they are unable to meet their monthly repayments. They are suffering needlessly with their overwhelming multiple debts.
We at Debt Assist http://www.debtassist.ie/ will provide you with a professional debt help. We will offer you our Debt Management Plan - a realistic plan on how to get all your debts out of your life and keep them out for good. At http://www.debtassist.ie/ professional debt help is available. We can help you with:
Mortgage Arrears (due to loss of income)
Property Repossession cases
Credit Card Debts (single or multiple)
Personal Loan arrears
Hire purchase loans
Bank overdrafts (Personal or Business)
Tax liabilities (Personal or Business)
For professional debt help call us today on our loCall service 1890 87 67 27. For more information about our organisation and our debt help resolutions view our website http://www.debtassist.ie/ today. To receive professional debt help, book your consultations with Debt Assist http://www.debtassist.ie/ as quickly as possible. With our professional debt help resolution – you will be out of debt very soon!

Debt Consolidation

2010-01-29T11:41:00.001Z

Debt consolidation program with Debt Assist http://www.debtassist.ie/ helps you to pay off your multiple debts. The idea of Debt consolidation is simple enough and can have a positive impact on your credit. We will work out a new and affordable repayment plan for you and we will approach your creditors. The purpose of debt consolidation is basically to save you money (for example. on your interest rate) so that you can meet your monthly repayments. In some cases debt consolidation can help you to have your late fees and late payment charges reduced or eliminated.

Debt consolidation with Debt Assist http://www.debtassist.ie/ can help you to pay off your bills and manage your debts. We can make a difference to your finances. For more information on Debt Consolidation call our office in confidence on 1890 87 67 27 and visit us on http://www.debtassist.ie/.

Debt Consolidation with Debt Assist – Act now!

2010-01-27T09:49:00.000Z

If you are struggling to make your monthly repayments debt consolidation can be a perfect solution. We at Debt Assist will help you to make an agreement with your creditors over a new repayment plan. Debt Consolidation is a perfect solution for people with multiple debts because debt consolidation allows you to keep up the minimum repayment on all your debts. If you are overwhelmed by the number of your smaller debts, consider debt consolidation with Debt Assist and pay your new lower monthly repayment bill over the longer period.

Debt Assist http://www.debtassist.ie/ offers professional debt consolidation services. We will guide you on how to tackle you financial difficulties of multiple debts.
Give us a call today on 1890 87 67 27 and visit our webpage http://www.debtassist.ie/
With our debt consolidation advise http://www.debtassist.ie/ you can start reshaping your new financial future today!

Debt Consolidation with Debt Assist

2010-01-26T10:13:00.001Z

Debt Assist http://www.debtassist.ie/ provides you with professional Debt Consolidation services. Debt consolidation is an effective way of getting out of your overwhelming multiple debts. We at Debt Assist can match your specific financial situation with the best suggested debt consolidation resolution. Debt consolidation can simply put an end to the stressful harassing phone calls from creditors when your repayments are late or missed.

Debt Assist http://www.debtassist.ie/ is always there for you to listen and offer support.

For specialized advice on our Debt Consolidation services call us on 1890 87 67 27 or visit us on http://www.debtassist.ie/.
Book your consultation with one of our staff member today and see the difference we can make to your financial difficulties.

Debt Consolidation

2010-01-22T14:35:00.000Z

In the current economic climate thousands of homeowners are struggling to pay their monthly repayments. In December 2009 more then 26,000 mortgages were three or more months behind in payments. Situation is very difficult when there is the threat of repossession of the house. There is no doubt that many of these people are in a financial crises. They are trying hard to pay back not only their mortgages but also other lifestyle debts. Many of these people are searching for professional help and advice http://www.debtassist.ie/. In such situation where multiple debts occur debt consolidation is often the best solution offered to them.
A Debt Consolidation concept is simple enough. Debt consolidation combines all clients’ unsecured loans to one, easy to manage monthly repayment bill. More over debt consolidation can result in savings in your interest expense.

Remember with us http://www.debtassist.ie/. you can be on the right repayment track very soon.

Debt Assist http://www.debtassist.ie/ is always there to listen and advise.
For more information on Debt Consolidation call us on 1890 87 67 27 or visit http://www.debtassist.ie/ Book your consultation with one of our advisors today and see the difference we can make to your finances.

Debt Consolidation

2010-01-22T12:04:00.000Z

Debt Consolidation is the perfect solution for people with multiple debts and various loans at different rates. Debt Consolidation can help you to resolve your problems and significantly reduce the cost of your debt. On our website http://www.debtassist.ie/ you can find practical information on how to consolidate the number of debts you have to a single one, at much lower rate. Debt Assist http://www.debtassist.ie/ provides you with the information on how best resolve your personal or business debt problems. Debt Consolidation helps you to spread the cost of all your short-term loans to one with the longer period of repayment. Remember Debt Consolidation always works to your advantage. For further information on Debt Consolidation visit as on http://www.debtassist.ie/

Debt Consolidation

2010-01-20T13:34:00.003Z

Debt Consolidation is the perfect solution for people with multiple debts and various loans at different rates. Debt Consolidation can help you to resolve your problems and significantly reduce the cost of your debt. On our website www.debtassist.ie you can find practical information on how to consolidate the number of debts you have to a single one, at much lower rate. www.debtassist.ie provides you with the information on how best to resolve your personal or business debt problems. Debt Consolidation helps you to spread the cost of all your short-term loans to one with the longer period of repayment. Remember Debt Consolidation always works to your advantage. For further information on ‘Debt Consolidation’ visit as on www.debtassist.ie

New figures show Price Rises still affecting families.

2009-12-18T15:11:00.000Z

New figures have been released that show that not all sectors of society are enjoying the falls in costs of living. Young Families who were some of the worst effected by cuts in the budget have seen rises of almost 12% in childcare in the past two years. This of course coincides with the government reducing child allowance which can only make things more difficult for young families. Education and medical costs have also risen in that period. Education has gone up by close to 11% and medical expenses a whopping 21% in two years. This is putting young Irish families under extreme pressure and with inflation set to take hold sometime in 2010 even families who have favourable repayment records will be missing payments as circumstances out of their control conspire against them.

At Debt Assist we can help anyone who is having problems with debts be they mortgage arrears, credit card arrears or even store cards. We specialise in all forms of debt resolution and are able to reduce our client’s monthly repayments schedule by up to 50%. Remember at Debt Assist you only pay what you can afford to pay. Call us on 1890 87 67 27 to book a free consultation with one of our advisors or visit http://www.debtassist.ie/ to see the difference we can make to your expenditure.

Five Fold increase in graduates joining dole queue.

2009-12-17T09:40:00.000Z

Students with degrees joining the dole queues have been the new boom of the Irish economy. Our so called highly educated workforces that will transform Ireland into a smart economy are now realising that government promises won’t put money in their pockets. With 1 in 10 graduates signing on sectors still feel that this is only the tip of the ice berg as many graduates have continued with their studies to receive masters or immigrated to seek employment. The likelihood is that the ratio of graduates getting employment is far lower than recorded.

Worse still will be the now professional workforce that can’t secure employment but who mortgaged their future to pay for expenses of the so called free education and now find them selves under a mountain of debt. As old bank slogans of ‘when you start making money we start making money’ are replaced by final notice demands and threats of court action.

At Debt Assist we are ideally placed having an enviable reputation amongst financial institutions to help anyone with their debt problems. With our in-house team of Solicitors and Accountants we provide unparallel service to our clients and achieve amazing results. Call us on 1890 87 67 27 or visit http://www.debtassist.ie/ to book a free consultation with one of our team and see the difference we can make to your repayments.

unemployment up

2009-12-16T16:12:00.000Z

New figures show that unemployment has hit 12.4% that’s a fall in the amount of people working in the economy of 9% this quarter alone. That means that there are now just 1.92 million people employed in the country. This no doubt will mean that another harsh budget is lurking in the New Year. With the tax take declining and expenditure increasing it will put more pressure on the government to implement higher taxes. This along with proposed water charges and a property tax will mean untold pressure on families in the coming months after Christmas. Worse still will be families who have burdened themselves further with more debt to pay for the expense of Christmas.

At Debt Assist we are able to help anyone with mortgage or credit card arrears or any type of debt issues. We are the market leaders in Ireland and the only debt management service with an in-house team of Solicitors and Accountants that can negotiate with your creditors and reduce your repayments by up to 50%.

Book a free consultation with a member of our team by calling 1890 87 67 27 or visit http://www.debtassist.ie/ to see the difference we can make.

Bad Debt Judgements Hit €500m

2009-12-14T11:11:00.000Z

New Figures show that over borrowed consumers have had €500m in bad debt judgements registered against them. That’s an increase of 50% on this time last year of people who are defaulting on their loans. This shows the level of over indebtedness in Ireland people are now caught under an avalanche of debt and have little to no chance of keeping up with repayments in the short to medium term.

At Debt Assist we pride ourselves on offering people a solution to these problems we provide a range of services that are designed to make debts more affordable. We are experts at negotiating with banks and other creditors and can often reduce our client’s monthly outlay by more than 50%. Debts continue to spiral out of control as people decide simply to not think about the problem and bury their heads in the sand hoping the Government or the Banks will solve the problem. This is certainly not the case at Debt Assist we offer a professional service compiled by a team of in-house Accountants and Solicitors to actively reduce your debts and make sure you only pay back what you can afford to pay back.

Call us on 1890 87 67 27 or visit http://www.debtassist.ie/index.html to book a free consultation with one of our advisors and let us show you what a difference we can make to your finances.

FAS train 12 in €6.7m centre

2009-12-07T09:09:00.001Z

Just as a new budget looms which is set to see some of the biggest cuts to the less well off in a generation a new story on the wasting of public money has just come to light. Fas have spent €6.7million on a new centre that has trained just 12 people. Granted the training centre is for the construction sector but to have a €6.7m training centre for construction to come on line just as the sector collapsed is just another example of mismanagement. Money that will ultimately have to be recouped by taxing the less well off in society. The problem isn’t people not paying enough tax it is merely a public sector system that rewards departments for spending so they receive more next year has finally caught up with the economy. Simply the Governments appetite for money has become too great and waste is everywhere and it will be Irish tax payers that will be picking the bill for this feast.

Debt Assist can help anyone who is having problems paying loans or trouble with mortgage or credit card arrears. Don’t let Government mismanagement rob you of more of your hard earned money. Debt Assist will negotiate with creditors and make sure you only pay what you can afford to pay. Call us on 1890 87 67 27 or visit http://www.debtassist.ie/ to book a free consultation with one of our advisors and see the difference we can make to your financial wellbeing.

6 in 10 say they will spend less this christmas

2009-12-04T12:42:00.000Z

A new survey has shown that six in ten Irish adults will cut back on Christmas spending this year. This is a direct connection to families having to bare cuts in their take home pay this year. As more households concentrate on paying off their debts and making sure they keep their homes expenses like Christmas, are having to take a back seat.

Debt Assist can help anyone who is having trouble paying back their loans or problems with mortgage or credit card debt. Our team of in-house Solicitors and accountants can provide a service that can help you reduce your repayments on your debts by up to 50%.

Give us a call 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 what a difference we can make to your

Consumer spending to decrease this christmas

2009-12-02T10:39:00.000Z

According to a new survey consumers will spend on average 22% less this Christmas than last. Even after this drop, Ireland is still ranked number 2 in the spending leagues this Christmas just behind Luxembourg. The temptation for people in debt to borrow more at higher interest rates to provide toys etc for Christmas and not have to say no to their kids will only make a bad situation worse.

Debt Assist is able to negotiate with a client’s creditors to reduce the monthly amount being paid to service the debt. Our in-house team of Solicitors and Accountants can offer unparalled advice to anyone having problems with mortgage or credit card arrears or trouble meeting their loan repayments. Call us on 1890 87 67 27 or visit http://www.debtassist.ie/ to book a Free consultation with one of our advisors.

Government to bring low income families into Tax Net

2009-12-01T09:16:00.001Z

The Government looks set to decrease social welfare payments and bring more low income families into the tax net. By bringing low income earners into the tax net the government will use this and deflation as an excuse to cut social welfare payments arguing they have to cut dole payments so it doesn’t become more beneficial to be unemployed than employed. They will also use the fact that prices have dropped by 6% as an excuse. This however ignores the fact that if the gov pass a carbon tax both fuel and heating prices could rise by 10%.

Debt Assist can only see worsening circumstances for low income families who are struggling with debt or have mortgage arrears. No matter how you look at it next weeks budget will reduce your typical families spending power either directly through taxation or indirectly through price increases. Debt Assist can help anyone who is having problems with debt and can often reduce a client’s repayments by up to 50%.
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 see how we make sure that you only pay what you can afford to pay.

Debt Recovery

2009-11-27T11:41:00.000Z

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.

2009-11-26T12:22:00.001Z

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.

2009-11-25T09:34:00.000Z

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

2009-11-24T09:59:00.000Z

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

2009-11-23T09:13:00.000Z

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

2009-11-18T16:35:00.000Z

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

2009-11-18T11:48:00.001Z

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

2009-11-17T09:54:00.000Z

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

2009-11-17T09:50:00.002Z

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

2009-11-17T09:42:00.000Z

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

2009-11-16T10:43:00.001Z

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

2009-11-13T09:38:00.000Z

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

2009-11-12T09:51:00.002Z

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

2009-11-10T09:38:00.000Z

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

2009-11-09T09:25:00.002Z

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

2009-11-04T15:36:00.002Z

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

2009-11-04T09:40:00.002Z

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

2009-11-03T10:25:00.002Z

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

2009-11-02T09:30:00.002Z

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.

Debt Consolidation Ireland: Debt Assist: Debt Management Plan Ireland

2009-10-30T14:17:00.003Z

If you are having trouble paying your loans or have mortgage or credit card arrears Debt Assist can help, our New Debt Management Plan that we have just launched allows our clients complete control over their finances. Through our detailed Financial Plan we put a tight control on what you can afford to pay your creditors. We then review your costs through our affilitates and see were we can save you money in everthing from insurances to your household bills and mobile phone plans. Visit us at www.debtassit.ie or call 1890 87 67 27 to book a consoltation with an advisor and see what help Debt Assist can provide you with.

Debt Consolidation Ireland: Debt Assist: MBNA hike interest rates on struggling customers

2009-10-30T10:39:00.002Z

Debt Consolidation Ireland: Debt Assist can help people who have fallen behind with mortgage or credit card repayments. If you are having trouble paying loans call us on 1890 87 67 27 or visit us at www.debtassist.ie to book a free consultation.

It has been found that MBNA are raising the interest rates it charges to customers who miss repayments. One customer in Donegal who lost his job and had missed 2 repayments found that the interest he was being charged jumped from 14.9% to 25.9%. MBNA maintain that this loading of a customers interest rate is because they feel the customer is now more high risk and therefore that is reflected in the interest charged. Debt Assist however would feel this is nonsense how can you possibly expect a customer who is having problems meeting repayments at 15% to then go on and pay repayments at 26% almost double the rate they had trouble paying before.

Debt Assist has a track record of helping people in this situation and succesfully getting creditors to freeze interest on debts and any other charges being added thus helping clients pay down the principal of the loan faster. Contact us on 1890 87 67 27 or visist us at www.debtassist.ie and see what we can do to help your situation.

Debt Consolidation Ireland: Debt Assist: Norway 1st European economy to raise rates

2009-10-29T09:48:00.000Z

Debt Consolidation Ireland: Debt Assist: Can help people who cant pay their loans, are having problems with credit card arrears or mortgage arrears. With Norway becoming the first European country to raise interest rates above 1.5% other economies are sure to follow suit. This will put increased pressure on many families who are already terrified of losing their home. With unemployment raising and house prices falling 1 in 3 homeowners could be in serious trouble with negative equity, meaning that even if they lose their home they still have a sizeable debt to pay off. Raising interest rates will mean the cost of that debt could skyrocket.

At Debt Assist we neogotiate on behalf of our clients with their creditors to freeze any interest or other charges being added to the debt and work out a manageable repayment plan based on what you can actually afford to pay. This payment plan can often lead to a reduction in your monthly payments of up to 50%.

Visit us at www.debtassist.ie and fill out a request a free consultation or phone us on 1890 87 67 27. With our team of Solicitors & Accountants we are in prime position to offer the best service in debt management in Ireland.

The Green Debt Solution

2009-10-19T15:36:00.002+01:00

Debt Consolidation Ireland: Debt Assist has learned the Greens are proposing to bring in the IVA system from the UK & N Ireland. This however could create a plauge of copycat firms trying to cash in on the scheme with no regulation.

The new programme for government negotiated by the Green Party includes a commitment to create a formal legal structure for handling personal insolvency outside the courts. This could mean the introduction of UK-style IVAs here. Larry Ryan looks at how this might work. Individual voluntary arrangements (IVAs) were introduced in England, Wales and Northern Ireland (not in Scotland) in 1986 to provide a formal way debt-stricken individuals could handle their debts without encountering the trauma and cost of bankruptcy. Like an examinership for individuals, an IVA is a legally-binding agreement where creditors accept a reduced proportion of their outstanding debt. IVAs are usually taken out by individuals with unsecured debt of more than £20.000. Overdrafts, personal loans, student loans and even Inland Revenue or VAT debt can be included in an IVA, though Revenue bills may be given higher priority than other creditors. Home loans and other debt secured to individual homes may not be included. In the UK, an IVA must be negotiated with a registered insolvency practitioner, who assesses the individual’s income and assets and works out what the debtor can afford to pay back. This is usually calculated over a repayment period of five years, or 60 monthly repayments. The practitioner puts the proposal to a creditors’ meeting, where it must receive 75 per cent approval to be accepted. This 75 per cent is calculated by value of debt, so one large creditor can often prevent an IVA going through. If the IVA is agreed, it becomes legally binding, interest on the debt is frozen and creditors are no longer allowed to contact the debtor. In turn, the individual cannot use existing credit cards or take out further loans. If payments are maintained as agreed for five years, the debt is cleared but details of the IVA remain on the individual’s credit record for a further year. While some IVA specialists boast they can clear up to 90 per cent of debt, 60 per cent is a more realistic level. Last year, there were 37,000 IVAs approved in Britain, with an average write-off of 62 per cent. And many UK banks now demand at least 40p in the pound return to approve an IVA. IVAs are lucrative for practitioners. And many experts are warning that the surge in “Debt Shops” seen in the UK would also happen here, with firms anxious to cash in on stricken individuals. UK financial journalist and broadcaster Martin Lewis says: “The problem is the IVA industry is incredibly profitable. Take out an IVA and companies often make more than £5,000 from it. It’s no wonder they advertise this as an uber-solution with no catches; they make truck loads of cash from selling it.”

Jim Stafford, managing partner with corporate recovery and insolvency specialists Friel Stafford, warns that the lack of regulation in the Irish market could pose a problem. “The UK experience, where all insolvency practitioners are regulated, is that there is extensive marketing targeted at people with consumer debt to persuade them to enter into IVAs. “However, in Ireland where insolvency practitioners are not regulated, I anticipate that redundant bankers and mortgage brokers will set up “IVA shops” and establish strong marketing channels to individuals with consumer debt or tax debt. “Established insolvency practitioners will be unable to compete in the “consumer debt market” with these “unregulated money advisors” due to their higher costs of professional indemnity insurance, training etc. “I can see a two-tier market developing. Established insolvency practitioners will tackle the complex IVAs for business people, whilst unregulated money advisors will tackle individuals with consumer debt issues.”

Debt Assist can help anyone who has credit card or mortgage arrears and is having trouble paying off their loans. Give us a call on 1890 87 67 27 to book a free consultation with an advisor or look us up on the web at www.debtassist.ie

Debt Consolidation Ireland: Debt Assist: Central Bank feels wages cuts should be on the cards

2009-10-13T16:33:00.002+01:00

The Governor of the Central Bank has said retaining wage competitiveness in order to sustain jobs should be the priority, even if this means wage cuts. Professor Patrick Honohan said the Irish wages trend was 'worrying'. He was making his first public address at an ESRI conference on the Budget in Dublin. The Governor told the conference the aim of Government policy should be to restore the structure of the economy to where it was at the start of this decade. Professor Honohan said talks on wages needed to recognise the increased purchasing power of money while prices were falling. He also said there was 'no point in getting distracted' by pointing out inequities in current pay structures. Attempts to fix such inequities and anomalies do not need to get in the way of ensuring that the average real wage structure does not move out of line with that of the indirect competitors for workers in Ireland, namely workers abroad,' he said. Professor Honohan also said that recapitalising the banks would be a costly exercise, and would add to the State's net debt. He said that while a strategy for the banks should minimise the cost to the State in the long term, it would not be wise to 'skimp' on the restructuring, as banks were crucial for sustaining growth.

This could well mean that more people on the edge and battling huge debt could well be pushed over by a further decline in their take home pay. Debt Assist can help anyone with credit card or mortgage arrears or anyone who is finding it hard to pay back personal or car loans, etc. Our team offer a very professional service and have a success rate that makes us Irelands leading Debt Management Company. Give us a call on 1890 87 67 27 or visit us at www.debtassist.ie and book a free consultation with one of our advisors.

Debt Consolidations Ireland: Debt Assist: New Study says 35,000 will be unable to pay mortgage

2009-10-06T09:59:00.002+01:00

A New Study has shown that by the end of next year 350,000 people could be in Negative Equity with 10% of these or 35,000 people unable to pay their Mortgages. Debt Assist is uniquely placed to help people who are having difficultly paying their Mortgages. Call us on 0818 333 618 or visit us on www.debtassit.ie to set up a free consultation with a Debt Manager and see how much of a difference Debt Assist can make to your monthly outgoings.

UP to 35,000 people face the prospect of being unable to pay their mortgages by next year, a new study warns. The depressing new findings are contained in research by a State-funded think-tank, which also estimates that up to half of those with a mortgage could be in negative equity if house prices keep falling sharply. Negative equity is where the value of their mortgage is greater than the value of the home.
The numbers in negative equity could climb to 350,000 by the end of 2010, if house prices end up crashing by 50pc, Dr David Duffy of the Economic and Social Research Institute (ESRI) estimates. The economist cites international evidence showing that around 10pc of homeowners in negative equity end up defaulting on their mortgages.
This would mean that 35,000 people could find themselves defaulting by next year.
Homeowners hit by a big income shock like the loss of a job, illness or divorce are most at risk of being unable to meet the mortgage repayments. Dr Duffy said that "negative equity does not necessarily result in mortgage default, although it increases the likelihood of default". People in negative equity who cannot meet repayments should be given help by delaying repayments on their mortgages rather than having their mortgages written off, the think-tank said. This solution would avoid the moral hazard problem, or bailing out those who have made mistakes.

Vulnerable

First-time buyers are more likely than second-hand buyers to have a mortgage that is greater than the value of their house, the ESRI working paper indicates. Also highly vulnerable to negative equity are those who took out their mortgages at the height of the housing bubble in 2006 and 2007. This is especially the case for those who took out 100pc mortgages as they had no deposit, and also the case for those who took out 35 and 40-year mortgages. "First-time buyers are also more likely to have a mortgage, the value of which is higher than the house price. This in part reflects the use by first-time buyers of longer mortgage terms," Dr Duffy said in the paper.
Although most of those who find themselves in negative equity will continue to meet their repayments, people whose house value has crashed will spend less. Negative equity will also dampen down housing mobility, so those who need to move house will be unable to do so. The ESRI study has found that if housing prices fall by 30pc by the end of this year one in three homeowners will end up in negative equity. This will represent almost 200,000 of the 650,000 residential mortgages. But if prices fall by 20pc this year and a further 27pc next year, to take overall prices down almost 50pc, as many as 350,000 mortgage holders will end up in negative equity.
Three-quarters of those in negative equity are likely to be first-time buyers, the ESRI study indicates.

Debt Consolidation Ireland: Debt Assist: Insolvencies up 127% on last year

2009-10-02T14:32:00.002+01:00

Debt Consolidation: Debt Assist can help people with credit card arrears and mortgage arrears and who can't pay their loans. The news that insolvencies are up 127% on this time last year shows that the wider population are still having trouble paying down excessive debt. Debt Assist can help manage that debt why not give us a call on 0818 333 618 or visit www.debtassist.ie to arrange a free consultation.

The latest update from Kavanagh Fennell’s online insolvency publication, InsolvencyJournal.ie, shows that there have been 1,094 insolvencies in the first nine months of this year with the firm predicting that this will increase to 1,400 by year end. The number of insolvencies for the first nine months of the year represents a 127% increase over the same period in 2008 during which time 480 insolvencies were reported. When compared to the same period in 2007, it represents a fourfold increase with 250 insolvencies recorded. The findings show that from January to September construction has been the most severely impacted sector as a result of the economic downturn with 324 insolvencies recorded. This is followed by the retail sector with 165 insolvencies and the hospitality sector with 129 reflecting the impact of declining consumer spending. A high number of insolvencies have also been reported in the manufacturing sector (90) and the motor industry (47).

Debt Assist is the market leader for both personal & Business debt in Ireland and with our inhouse team of solicitors and Accountants we are a one stop shop for all queries regarding debt

Debt Consolidation Ireland: Threat of Public Sector Strike

2009-09-28T12:17:00.003+01:00

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.

Debt Consolidation Ireland: Debt Assist. Molloy Pension like winning Lotto

2009-09-25T16:25:00.002+01:00

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

Debt Consolidation Ireland: Illegal evictions up by 39%

2009-09-21T15:49:00.002+01:00

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.

Debt Consolidation Ireland: NAMA will add €34,000 of debt to every family in Ireland

2009-09-17T11:37:00.002+01:00

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.

Debt Consolidation Ireland: Variable Mortgage Rates to Rise

2009-09-15T10:11:00.002+01:00

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

Economists Say Gov Must Cut Social Welfare.

2009-09-09T16:59:00.002+01:00

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.

Debt Consolidation Ireland Unemployment rises to 12.4% in August

2009-09-03T10:34:00.002+01:00

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.

Consumers Switching utilities for better deals

2009-08-28T11:47:00.004+01:00

Being the leading company for Debt Consolidation in Ireland, Debt Assist as well as reducing customer's payments on loans, solving credit card & mortgage arrears also offers clients greatly reduced bills on their utilities. Debt Assist being a nationwide company is able to get the best deals on the market for phone, broadband, gas & electricity. Through economies of scale our buying power allows use to neogiate for big reductions on our clients bill. A new survey from the National Consumer Agency shows that people are prepared to switch to save money.

CONSUMERS are taking their revenge on companies that rip them off by ditching their products and services in favour of cheaper ones.

A surge in switching has become particularly prevalent when it comes to choosing a mobile phone, broadband and electricity provider. Consumers are ditching their current provider in favour of another to save money. Four out of every five people who change their broadband, mobile phone or electricity provider save money as a result, a survey released yesterday by the National Consumer Agency (NCA) showed.

Bargain-hunting by recession-hit households has meant that more than a quarter of mobile-phone users have moved to a new service provider.

And the entry of Bord Gais Energy and Airtricity into the domestic electricity market has prompted 4pc of electricity consumers to move to another provider for a better deal.

Another 12pc of electricity customers intend to switch their provider in the coming year as a number of new providers enter the market. Head of the consumer agency Ann Fitzgerald urged people to step up their switching activity.

"With budgets tightening due to the economic downturn, savvy consumers are examining the options and value available to them, switching to get the best deal where possible and the NCA is happy to report that they are mostly saving money as a result," she said.

The research also showed that more than eight out of 10 of customers who changed utility or service company found it an easy process.

Those who make the switch overwhelmingly believe they are getting a better service after making the switch. "Informed consumers are empowered consumers and savings can be made if people shop around," said Ms Fitzgerald.

"As well as getting the best value for themselves, they will also help to drive competition among providers in the long run." The research was carried out with a sample of 1,000 people aged between 15 and 74 in May and June.

Debt Assist offers a free consultation, so why not stop by and see how much we can save you on your utilites and loans.

Debt Consolidation Ireland feels Mortgage Arrers set to rise with interest rates

2009-08-18T14:22:00.002+01:00

With Leading Irish Economists saying Negative Equity is set to affect 250,000 households by 2010 and Interest Rates returning to their normal pre-recession levels, the affordability of a large portion of the poopulation's mortgages, is going to become an all to real problem.

Adding to that that dole queues are growing at the fastest rate in decades as companies continue to shed employees in hopes of avoiding bankruptcy themselves.
This means that the mountain of debt people find themselves under is only going to get worse, particulary as governments around the world continue to use quantative easing to battle the economic downturn which adventually will lead to steap inflation meaning the populations already stretched pay packets (those lucky enough to still have a job) will have to stretch further.

At DebtAssist.ie we are committed to helping peolpe avoid the pitfalls of excessive debt repayments. http://www.debtassist.ie/
We offer a wide range of confidential debt solutions to both individuals and businesses in the Republic of Ireland. Our highly qualified & experienced advisors are ready to advise you free of charge on the options that will best suit your particular needs. At Debt Assist we will always ensure that you will only pay your creditors what you can afford to pay. For a fresh start, call Debt Assist today in confidence on 1890 87 67 27 for a free and independent consultation.

Debt Assist.ie Saving you money

2009-08-10T16:01:00.001+01:00

If you are experiencing debt problems you are not alone. Being in debt is now a fact of life for many people in Ireland today. People find themselves in debt often through no fault of their own. Debt Assist are here to listen and advise in an impartial and non judgemental manner. We are Ireland’s premier debt management company.

We offer a wide range of confidential debt solutions to both individuals and businesses in the Republic of Ireland. Our highly qualified & experienced advisors are ready to advise you free of charge on the options that will best suit your particular needs. At Debt Assist we will always ensure that you will only pay your creditors what you can afford to pay. For a fresh start, call Debt Assist today in confidence on 1890 87 67 27 for a free and independent consultation.

Example: James McCarthy. 'James had debts in excess of thirty thousand euros and was paying over €620 a month to service his debts. After a FREE consultation with an Debt Assist.ie adviser, James found that he could drastically reduce his monthly out goings and by the end of the process Debt Assist had successfully negotiated a 75% reduction in Mr McCarthy's monthly outgoings to a much more managable €155 a month'