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Free Financial Advice Ireland

If you are struggling to pay your mortgage, credit cards or loans then you may be eligible to have up to 70% of your debt written off.

Government legislation is now in place to help Irish people who are burdened with debt.

The Personal Insolvency Act 2012 introduced new debt settlement solutions to help people in Ireland become debt free.

The Debt Settlement Arrangement, Personal Insolvency Arrangement, Debt Relief Notice are now available and you may be able to write off some or all of your debt.

There is now a lot more free financial advice available and more debt help solutions available for anyone struggling with unmanageable debt here in Ireland.

We can arrange a FREE call with an Independent Advisor who will be able to see if you are eligible for a debt settlement solution.

Complete our callback form to receive Free Financial Advice today.

Debt Advice Ireland

Thousands of people in Ireland are struggling with debt and we understand that being in debt can be very stressful. Receiving debt advice can offer you peace of mind and can put a stop to those sleepless nights as there is always a solution available to help.

All debt problems can be solved, so if you are struggling to pay your loans, credit cards or mortgage please do not ignore the problem, it’s vital to ask for help and take control of your finances.

Whatever your financial situation, whatever your circumstances an Independent Debt Advisor can offer you free debt advice which will help you find the best solution to clear your debts.

If you would like Free Debt Advice please fill in our callback form, there is no charge to speak with an Independent Debt Advisor and anything you discuss is kept strictly confidential.

Click on the call back button below or phone us on 01 4434125 to receive Free and Confidential Debt Advice Today. Request Your Free Call From an Independent Debt Advisor Today.

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Financial Help Ireland

Debt Help Case Study: A Debt Settlement Arrangement

debt settlement arrangementMichelle and Paul are struggling to pay their two loans and three credit cards every month because their income has been dramatically reduced.

They have 2 young children and are finding it very difficult to pay all their bills because Paul’s hours were cut at work last year.

He now only works 3 days a week and is struggling to find work for the other days. Paul works in construction and a lot of his work has now dried up.

Michelle works part time but their combined income is not enough to cover their rent, bills, credit card and loan repayments.

Their creditors are adding interest and charges to their debts. They keep are phoning them and are sending debt collection letters every week asking them to make payments they cannot afford.

Michelle and Paul know they need financial help so they speak with a Personal Insolvency Practitioner about their debt problems and the Personal Insolvency Practitioner offers them free debt advice.

The Personal Insolvency Practitioner sits down with Michelle and Paul and and goes through all their income and expenditure details, afterwards he recommends a Debt Settlement Arrangement as the best debt settlement solution to help them become debt free.

Their Personal Insolvency Practitioner applies for a Protective certificate first of all which gives Paul and Michelle protection from creditor legal proceedings while they are applying for a Debt Settlement Arrangement. This gives the Personal Insolvency Practitioner time to get all their paperwork together so he can make a proposal to their creditors.

A few weeks later the Personal Insolvency Practitioner calls a creditor meeting and Paul and Michelle’s creditors agree to the proposal put forward by their Personal Insolvency Practitioner.

Their Debt Settlement Arrangement has been approved and they will now only have to pay their debt back for 5 years. Under this arrangement 53% of their debt will be written off and their debt repayments reduced down also.

They won’t receive any more letters and calls from their creditors and will not have to worry about unmanageable debt any longer. Their Personal Insolvency Practitioner will administer their Debt Settlement Arrangement for them until their debts are paid off.

An Example of Michelle and Paul’s Debt Settlement Arrangement


(This is an example of how a Debt Settlement Arrangement can help someone who is insolvent, the monthly payment and the amount of debt written off in each debt settlement arrangement varies for every insolvent person/family as everyone’s circumstances are different, this case study is just an example and will give you an idea of how a debt settlement arrangement can help someone struggling with unmanageable debt)

A Debt Settlement Arrangement is a formal agreement between you and your creditors where you repay a percentage of your debt and your creditors agree to write off any outstanding debt.

If you are struggling to pay your unsecured debts such as credit cards, loans and overdrafts then a Debt Settlement Arrangement could be the right solution to help your clear your debts with affordable payments.

A Debt Settlement Arrangement is an agreed settlement of your unsecured debts (credit cards, loans and overdrafts) with affordable payments over a period of 5 years. When a Debt Settlement Arrangement is successfully completed you will be fully discharged of the debt included in the arrangement and will be solvent again. You must contact a Personal Insolvency Practitioner to apply for a Debt Settlement Arrangement

If you would like Free Confidential Debt Advice then let us arrange a FREE phone call with an Independent Debt Advisor or Personal Insolvency Practitioner.

If you are struggling to pay to your mortgage, credit cards or loans please don’t worry as there is now financial help available. We can arrange a Free appointment for you with an Independent Debt Advisor or Personal Insolvency Practitioner who will able to see if you are eligible for a debt solution, just give us a call on 01 4434125 today.

Customer Testimonial by Agnes. Co. Galway

Rory McGonnell and his team have been our rock since we started with Bright Day Finance! I don’t know what we would have done without him to sort out our finances it’s been a weight off our shoulders and we have been able to sleep better and not be so stressed knowing he’s taking care of our debts. He always contacts to make sure we are happy with everything and that if we need any more help with friends or family he is always there to listen and advice. read more customer testimonials

Independent Online Marketing Agent

Bright Day Finance is now an independent online marketing agent who acts as an introducer to independent debt advisors and authorised Personal Insolvency Practitioners. Each advisor is authorised and regulated. We are not authorised to give debt advice and we are not liable for any advice provided by or obtained through a third party. The information published on the website is for information purposes only.