Wednesday July 15, 2020

What to do about a debt mountain

‘‘Sit down and look realistically at your own situation,” says Michael Culloty of the Money Advice and Budgeting Service (Mabs). ‘‘If you’re in difficulty you’ve got to take action.

14th February, 2009

Go and talk to your creditors earlier rather than later, before there is an arrears situation. It really is a negotiating problem and you can’t get rid of it by ignoring it.

‘‘If you have a rental property and the value is continuing to depreciate, the bank will probably take the view that it’s better to try and keep you alive in whatever way possible than to take back the keys.”...

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