Category Archives: struggling
The new personal insolvency arrangements will not be available for the people who need them most. The fallback solution of the 3 year bankruptcy is also not available because it hasn’t been made law yet! Continue reading
Residential property tax came thirty years ago, was very unpopular and went again twenty years ago. The LPT is imminent, apparently because the troika is insisting on it. Pending its arrival this year, we have had the 200 annual NPPR … Continue reading
Homeowners struggling with their mortgage debts may be able to get substantial amounts written off. Of course there will be a price to pay – The banks will insist that customers cut back on “luxuries”. Foreign holidays and Sky Sports may not be too much of a sacrifice, but expect major objections to having to take children out of private schools and to have to do without private health insurance. Charle Weston’s Irish Independent article of 21/03/13 ia a great read. Continue reading
The Personal Insolvency legislation is in place but the practical facilities are not quite ready. It will be at least Qtr 2 2013 before applications can be processed by the Insolvency Service of Ireland. Talk to your creditors in the meantime and have 6 months working with the MARP process in the case of mortgage debt. Continue reading
Help with Debt at the Lantern Centre. Good Financial Housekeeping. Continue reading
The Irish Government has finally come to the realisation that mortgage debt is a massive problem and intends making the issue “a priority”. Tens of thousands of people are already stressed out about it, not just the people struggling with mortgage arrears. Take away the stress by engaging a mortgage professional to represent you instead of trying to do it yourself. For those who can’t pay a fee, contact MABS, which provides an excellent service at no charge.
Individual stories from people trying to negotiate directly with their mortgage lenders provide anecdotal evidence that the banks are not being too helpful.
If you do have a problem with debt, make contact with your lender as soon as you can. Continue reading
ECB interest rate expected to rise again but tomorrow, but perhaps this round of hikes will end sooner than planned. The Chinese economy is now starting to suffer, so expect the price of oil, inflation and global demand to reduce. No more need for ECB rate hikes! Continue reading
Huge numbers of people are struggling to pay mortgages and other debts in Ireland. The lenders don’t seem to be offering much help, customer stress levels are high and it’s often hard to see any hope at all. We at Good Financial Housekeeping can improve the debt situation, deal with the lenders, put a plan in force and make the problem much more manageable. Continue reading