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Government legislation is now in place to help you write off your debts completely or reduce your debts.

If you are struggling with unmanageable debt you may be eligible to have up to 70% of your debt written off.

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

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

All debt problems can be solved, so if you are struggling with your loan, credit card or mortgage repayments do not ignore your problem, it’s vital to take action now and take control of your finances.

If you would like Free Debt Advice please fill in our short call back form, there’s no charge to speak with a Debt Advisor or Personal Insolvency Practitioner and anything you discuss is kept strictly confidential.

Thousands of people in Ireland are struggling with debt and we understand that being in debt can be very stressful.

Whatever your financial situation, whatever your circumstances, a Personal Insolvency Practitioner or Debt Advisor can work with you to help you find the best solution to clear your debts.

If you would like Free Debt Advice then let us arrange a FREE appointment for you with a Debt Advisor or Personal Insolvency Practitioner who will be happy to see if you are eligible to have your debts written off.

Click on the arrange a call back  button below or phone us on 01 4434125 to receive Free Debt Advice Today. 

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Debt Help News: Personal Insolvency Practitioner Solves Debt Problem

Richard’s Story: Answer to our prayers on debt was a simple one

happy man

Ten years ago I was due to retire. I heard people on the radio saying that folk who are retiring should be investing in property so I bought a house and rented it out.

At that time the rent was paying the mortgage. But in 2008 we had the crash. Suddenly I had no tenant, and the mortgage went up. My civil service pension dropped by €50 a fortnight, then the universal social charge came in and that was €100 a fortnight.

Soon I couldn’t pay the mortgage on the rental property. I began to run up credit card debt to pay for it and pretty quickly both the card and the bank debt built up. I was in a mess.

Our marriage began to be affected with the stress of it all. Every morning at 5am we were lying awake worrying.

As time went on, my lump sum got smaller and smaller. The rental house we had purchased was close to where we live; every time we passed it, we felt sick.

When I got letters in the post I threw them aside thinking they must be from the bank. I was too afraid to answer the phone. One time, I kept getting calls from a Dublin number. They called me for 3 days solid. I ignored them all because I was sure it was the bank.

When I eventually rang the number back it turned out I had won a competition prize worth hundreds of euros. But because they had been unable to contact me they had given the prize to the next person. I had missed out on it because I had been afraid to answer the phone. That’s how much my life was affected.

Soon after, I got a letter from the bank asking me to sign over the rental house. I went to our solicitor who told me that “if you sign the house over to them, they will sell the house and you will still owe them”.

So instead, he suggested we meet a Personal Insolvency Practitioner, We were shaking in our boots before the first meeting.

But talking to our Personal Insolvency Practitioner was like talking to a family friend. It wasn’t like talking to a bank manager at all. The whole conversation was so relaxed; there was no pressure. I came home from the meeting a happy man.

He said he would sort it out. I gave him my pension slips, my bills, everything and that was it. Once I got the protective certificate, I got no more calls from the bank.

The Personal Insolvency Practitioner did all the work. He explained everything clearly and he kept me in the loop regularly about what was happening.

When I heard the Personal Insolvency Arrangement was passed, I cried. I could not believe it. The first thing we did was have a take away and a few beers that evening.

As part of the arrangement the rental house is gone. The credit card bill is gone. If they had just taken the rental house I would still be €180,000 in debt. I would have been willing to hand back the keys to the rental house but I would have still owed the bank money.

It would have had to come from my estate when I died. The family would have had nothing. Ten years ago I had no mortgage.

Now I have one. I think now that by buying the rental house I just walked into a trap. I’ve no debts now, just the normal bills and a mortgage on our family home.

To be honest, I put this all down to our Personal Insolvency Practitioner. I had been speaking to the bank for 3 years.

After talking to our  Personal Insolvency Practitioner for just half an hour, he was able to fix it, it was going to be sorted. You would think, “what’s the catch?” but there is no catch. We are now out of debt and speaking to the Personal Insolvency Practitioner was the answer.

 Irish Examiner Ltd, Wednesday,  April 15, 2015

 

 

If you would like Free Debt Advice then let us arrange a FREE appointment for you with a Debt Advisor or Personal Insolvency Practitioner who will be happy to see if you are eligible to have your Debts Written Off.

Click on the arrange a call back  button below or phone us on 01 4434125 to receive Free Debt Advice Today. 

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Customer review 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.