Financial Advice Blog
Stay up to date with the latest Financial Advice news and views. We’ll help you learn about managing your debts
Personal Guarantees
A Personal Guarantee is what it says on the tin; a ‘personal guarantee’. If you run a company and it is registered as a limited company; and if it borrows money or obtains credit from a creditor, the creditor will protect itself by asking the directors to give...
2015 is the year we finally realise that Free, doesn’t mean Free!
There is no profit in "Free" ......in marketing, the word free is used to attract buyers of a product or service it is really an investment by the retailer in promoting his or her product or service, lets face it, there is very little for free in this world and when...
Distressed Debtor- Help your Debt Adviser to help You!
Distressed Debtor – here is how you help your Debt Adviser to help you! Dealing with debt is not easy when you are distressed and fearful for the consequences for you and your family. For people trying to deal with repaying their debts the Central Bank of Ireland...
Building Society – Home Loan Finance
What to do about financing home purchase? For First Time Buyers, buying a first home is a daunting task! Where do you start? Probably scanning estate agents websites, a big improvement on 40 years ago, when buyers had to go from estate agent to estate agent on foot,...
Judgements
Judgements with an applicable 8% interest rate, is that a RIP off rate? When a creditor fails to get paid by a debtor, he has two choices. Write it off or obtain a Judgement against the debtor. Statistically many judgements are granted because a debtor fails to enter...
New Company Legislation
Will this piece of new legislation provide any benefits to those for whom it concerns? In a word, ‘YES’. Like all legislation, it is not easy to read and for most people more difficult to understand than it should be, but then it is legal language. I attended a...
Think about your Outgoings!
One of the major steps that we take when speaking to new clients, is discussing how much of the monthly expenses is truly necessary. How much money are you spending on things you really don't need? How often do you watch the programmes on your expensive Sky TV...
Non-Cooperating Borrowers
Excerpt taken from the Code of Conduct on Mortgage Arrears from 2013: A borrower can only be considered as not co-operating with the lender when: 1. any of the following apply to his/her particular case: a) the borrower fails to make a full and honest...
First post to the Blog!
Hi All. This is our first entry into the new Negotiators blog. From here, we will build a regular commentary on the personal finance market in Ireland as we see it, calling on anyone in debt, or anyone in any financial difficulty to come forward and meet with us to...
Negotiators Blog
Coming Soon!
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Debt Settlement Arrangement (DSA)
This is for distressed debtors with unlimited unsecured debts, such as bank personal loans, credit card debts and credit union loans. We negotiate a DSA for our clients that involves a repayment plan, followed by a debt write-off.
Bankruptcy
This is the final insolvency option available and is for distressed debtors where total debts exceed total assets by more than €20,000. We apply for a bankruptcy order on behalf of our clients through one of our Personal Insolvency Practitioners (PIP).