Friday April 3, 2020

Credit Management: Mortgage debt needs to be addressed

More and more mortgages are falling into arrears, and banks will have to start dealing with that fact, writes Dave Boland.

12th May, 2012
Eddie Barron, chief executive, AB Wolfe & Co, the debt recovery arm of Matheson Ormsby Prentice.

During a financial crisis, credit management resembles debt recovery more closely.

Many of the issues facing creditors in Ireland's economy of 2012 are merely symptoms caused by the policies of yesteryear, whether these policies took the form of loose credit terms between businesses or carefree lending by the various financial institutions to both companies and individuals.

However, the results of these policies look largely the same, which is a creditor left with the unenviable task of...

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