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  1. Taking Steps When Dealing with Debt Problems

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    Taking Steps When Dealing with Debt Problems

    When it comes to debt, it’s normal for us to want to bury our head in the sand and hope the problem will go away. However, the likelihood is that the problem will continue to snowball, often leaving us in a position worse than before. While debt can be seen as something of a stigma, it is actually something a number of us suffer from. In fact, back in 2013, a study showed that over 57% of families were struggling with debt in Ireland.

     

    Why We Fall into Financial Hardship

    When we fall into financial hardship, it’s easy to blame ourselves. Of course, there can be instances where we can change a few things to make budgeting a little easier, but debt is something that can creep up on any of us unexpectedly. One of the main causes can be a change in income. Some of us may have been made redundant, or lost a source of income. As such, out financial commitments can suffer.

    The Kind of Debt We Can Incur

    For some people, they could be behind in rent or mortgage payments, whereas others may be struggling with loans and credit cards. When trying to meet several different commitments, you will often find yourself in a vicious circle with no resolution in sight. Many assume that they have to suffer in silence, unaware that there is help available to those struggling due to debt.

     

    Dealing with Debt 

    One of the most difficult steps to take when dealing with debt is the first one. When we first start tackling our debt issues, it’s normal for us to feel a little overwhelmed with the number of things we have to do. If we’re not experienced in dealing with debt, we can find that we hit a series of brick walls when trying to deal with the debt. As such, many can be deterred from ever dealing with the problem.

    However, many may be surprised at what free debt advice is available, which in turn can offer those in debt several solutions. For example, personal insolvency is something that comes up a lot when dealing with debt, but not everyone is sure of what it entails and what ramifications there are.

    Bright Day Finance was set up to help those in debt and can arrange a free appointment with a trained Independent Debt Advisor who will advise just what options are available to those in debt. Although debt can be crippling for many, seeking out debt advice in Ireland from Independent debt advice professionals will ensure that you’re fully aware of your next steps, regardless of whether you’re considering insolvency, or just looking for some advice in relation to credit card debt.

     

    Moving Forward

    It’s completely normal to feel anxious when we start to deal with our debt problems, but having access to the right kind of advice will ensure that you’re on the right path when it comes to dealing with financial commitments, while ensuring a solid plan is in place moving forward.

    If you’re currently looking for some free debt advice to ensure that you’re moving in the right direction financially, then why not contact Bright Day Finance today to see what options are available.

    Rory McGonnell

    Founder of Bright Day Finance

    Personal finance expert and blogger who has an interest in money saving ideas.

    Agnes K. from 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”

    Maurice C. from Ballinasloe

    “To begin with I was lost in the recession being in the construction game, rising debts and pressures mounting I contacted Bright Day Finance for some guidance and after the first consultation I felt easier in my day to day as they (the banks and credit companies) let up on the letters that get under your skin. Bright Day is a friendly service, helpful and I honestly would have been lost without them this past year, I couldn’t speak more highly of them.”

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  2. Mortgage and debt write-off requests increase by 180%

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    Mortgage and debt write-off requests increase by 180%

    The Insolvency Service of Ireland released their quarterly report last Thursday which showed that there was a 180% rise in the number of people applying to have their mortgage and debts written off under a solution called a Personal Insolvency Arrangement.

    A Personal Insolvency Arrangement is a debt solution brought in by the Government to help anyone who is struggling to pay their mortgages, credit cards, loans or overdrafts.

    This debt settlement solution normally lasts 5 or 6 years and allows an insolvent person to have part of their mortgage debt and other debts up to €3 million written off or restructured.

    A change in circumstances is usually the reason someone would struggle to pay their mortgage and debts every month.

    I know many who have lost their jobs or had their pay/overtime cut and this can make it very difficult to find the money every month to pay a mortgage and credit cards or loans.

    The report released by the Insolvency Service of Ireland shows that applications for debt write off solutions have more than doubled compared to equivalent period in 2016 and repossessions were prevented by Personal Insolvency Practitioners putting Personal Insolvency Arrangements in place for debtors.

    1,114 homeowners made an application to put a Personal Insolvency Arrangement in place in the first three months of this year. 407 homeowners made an application this time last year so this shows a really big increase already.

    In the first three months of this year, 179 Personal Insolvency Arrangements were approved by creditors, this is an increase of 19% on the same quarter last year.

    The report shows that in 90% of cases where a family home is involved, the debtor remains in their home and the average debt written off is €93,338.

    We are now starting to see a lot more people get the help they need and the solutions to regain financial freedom.

    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.

    If you are eligible for a debt settlement solution then you could have part of your debts written off and would just have one affordable payment.

    Also interest and charges/threatening creditor calls and letters would stop too.

    Complete our form to see if you qualify for 70% debt write off or phone us on 01 4434125 to receive Free Confidential Debt Advice today. 

    Rory McGonnell

    Founder of Bright Day Finance

    Personal finance expert and blogger who has an interest in money saving ideas.

    Agnes K. from 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”

    Maurice C. from Ballinasloe

    “To begin with I was lost in the recession being in the construction game, rising debts and pressures mounting I contacted Bright Day Finance for some guidance and after the first consultation I felt easier in my day to day as they (the banks and credit companies) let up on the letters that get under your skin. Bright Day is a friendly service, helpful and I honestly would have been lost without them this past year, I couldn’t speak more highly of them.”

    See If You Qualify For 70% Debt Write Off



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  3. How Can You Get Your Debt Written Off?

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    How Can You Get Your Debt Written Off?

    Lots of people struggling with unmanageable debt in Ireland are now getting their debt written off.

    If you are struggling to pay your mortgage, loans or credit cards then you maybe eligible for a debt write off solution.

    You need to be insolvent to be eligible for one of these solutions, insolvency means that you are unable to pay your debts as they fall due.

    If your income has been reduced and you are now finding it difficult to pay your monthly credit card, loan payments or mortgage payment then you might be eligible for a debt solution.

    The Personal Insolvency Act 2012 introduced new debt settlement solutions to help Irish people deal with unmanageable debt so they have a fresh start by becoming debt free.

     

    Here is some more information on these debt write solutions and their benefits:

     

    Debt Relief Notice: A debt settlement solution to clear less than €35,000 of qualifying debt

     

    The Debt Relief Notice process enables eligible insolvent debtors to write off their debts where they can prove they are not in a position to repay them and it is unlikely their financial situation will improve in the next 3 years.

     

    The purpose of this solution is to give relief to people who are in debt and have little or no disposable income or assets which they could use to repay what they owe.

     

    A Debt Relief Notice is a formal arrangement that will enable certain people to write off their unsecured debts altogether. If you cannot keep up with your debt repayments because your income is too low this option could be worth considering.

     

    Debt Relief Notices are set up with the assistance of an approved intermediary such as the Money Advice and Budgeting Service. To be eligible for this debt settlement solution the qualifying debts you owe must not exceed €35,000.

     

    What are the benefits of this debt solution?

    – Your debts will be written off after 3 years

    – No longer be under pressure to make payments that you cannot afford

    – Creditors named in your DRN cannot take any legal or debt collection action against you

    – becoming debt free

     

     

    Debt Settlement Arrangement: A debt settlement solution for more than €20,000 of unsecured debt.

     

    A Debt Settlement Arrangement is a formal agreement between you and your creditors where you repay a percentage of your debt in affordable monthly repayments, and your creditors agree to write off any outstanding debt once your final payment is made.

     

    If you have unsecured debt such as credit cards, loans and overdrafts and are insolvent then a Debt Settlement Arrangement could be the right solution to help your clear your debts. A Debt Settlement Arrangement is an agreed settlement of your unsecured debts with affordable payments over a period of 5 years. (The limit of 5 years can increase to 6 years in some situations).

     

    When the Debt Settlement Arrangement is completed successfully, the debts that it covers will be fully discharged and you will be solvent again. There are certain unsecured debts that cannot be included in a Debt Settlement Arrangement, also secured debts such as Mortgages cannot be included in a DSA. There is no limit on the total amount of debt that can be covered.

     

    You must contact a Personal Insolvency Practitioner to apply for a Debt Settlement Arrangement.

     

    What are the benefits of this debt solution?

    –  Up to 70% of your debt could legally be written off by your creditors

    –  Affordable debt repayments that are based on your living costs

    –  No more calls or letters from your creditors

    –  Debt free after 5 – 6 Years

    –  Interest and Charges Frozen

     

     

    Personal Insolvency Arrangement: A debt settlement solution for up to €3 million of secured and unsecured debt.

     

    A Personal Insolvency Arrangement allows you to settle and/or restructure your debts over a period 6 years.

     

    A Personal Insolvency Arrangement is a debt solution brought in by the Government to deal with secured debt (mortgages and secured loans) and unsecured debt (credit cards, loans and overdrafts)

     

    If you are struggling to pay your secured and unsecured debt, a Personal Insolvency Arrangement could be the right solution for you.

     

    A Personal Insolvency Arrangement must be put forward by a Personal Insolvency Practitioner and if approved at a creditor’s meeting by a qualified majority of creditors your unsecured debts will be settled over a period of up to 6 years and you will be released from those unsecured debts at the end of that period.

     

    With the help of a Personal Insolvency Practitioner, you can apply for a Protective Certificate while the Personal Insolvency Arrangement is being prepared. This prevents creditors from taking any action while the Personal Insolvency Arrangement is being drafted.

     

    What are the benefits of this debt solution?

    –  Up to 70% of your debt could legally be written off by your creditors

    – Protection for your family home

    – Mortgage Debt could be written down to a more affordable amount

    – Debt free after 6 – 7 years

    – Your creditors cannot take any legal or debt collection action against you

    – Mortgage and debt repayments are reduced to an affordable amount

     

     

    Bankruptcy: A debt settlement solution to clear debts over €20,000

     

    Bankruptcy is a solution to clear all your debts if you have little or no money available to repay your creditors.

     

    Bankruptcy is a high court process for people who owe over €20,000. Before you consider applying for bankruptcy you must have explored the alternative solutions to bankruptcy which include a Debt Settlement Arrangement, Personal Insolvency Arrangement and Debt Relief Notice.

     

    Unsecured and secured debt such as mortgages for family homes or buy to let properties, business loans and credit card loans can be included in your bankruptcy.

     

    Once bankruptcy has been declared, any surplus assets you have are evenly shared amongst your creditors. Once you have received your discharge from your official receiver then your unsecured debts are usually written off (subject to some limitations).

     

    You may be able to agree a schedule of mortgage payments with the bank and the Official Assignee to enable you to stay in your home and pay off your mortgage.

     

    There have been some major changes to the bankruptcy bill recently, under the new rules the bankruptcy term has been reduced from 3 years to 1 year and bankrupt applicants can regain financial ownership of their home after 3 years, if the home is transferred to a spouse or a relative in the meantime.

     

    The recent changes to the bankruptcy bill finally brings Ireland in line with bankruptcy terms in Northern Ireland and the UK.  The Insolvency Service of Ireland have also reduced the cost of going bankrupt to make it an affordable option.

     

    A Personal Insolvency Practitioner can help you identify the best solution for you. Personal Insolvency Practitioners are part of a network of qualified professional advisors regulated by the Insolvency Service of Ireland.

     

    We can arrange a Free appointment for you with a Personal Insolvency Practitioner, just request a call back from us today!

     

    What are the benefits of this debt solution?

    –  Debt that you cannot afford to pay is written off

    –  Bankruptcy can be a fresh start

    –  Debt free after 1 Year

    –  This will clear any overwhelming debts

    –  Stops creditor action

     

    There are lots of debt solutions now available, so if you are struggling with your debt repayments, try not to worry, but 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 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.

     

    Rory McGonnell

    Founder of Bright Day Finance

    Personal finance expert and blogger who has an interest in money saving ideas.

     

    Laura F. from Athlone

    “Bright Day Finance helped me so much, with Rory and his teams help I am now able to manage my debt, and it’s like a weight has been lifted. They even found out I was overpaying on a loan, to which I’m delighted to say Rory sorted for me and I ended up only owing the bank half the amount  so even with just that debt I have saved over a thousand euro.

    I can’t praise them enough, it was the best phone call I have ever made, I was in a situation where I was getting deeper and deeper into debt, but was too embarrassed to ask for help. but with Rory and his team they are like the friend you can talk to, they don’t judge! they are here to help you. So if you are in the same situation as I was make that call, it will be the best decision you will ever make”

    Chris L. from Galway

    “A special thanks to you all and especially to you Rory for being there for me in what was a very stressful time in my life. My debts were spiralling out of control as I struggled to meet the minimum repayments. Since contacting you Rory I have never looked back. You listened and in no time at all I began to feel so much better in myself.

    You contacted my creditors and to my amazement they all decided to freeze the interest and charges on my loans. You carefully arranged a debt management plan that works for me and I have one direct debit a month to Bright Day Finance who then pays my seven creditors. It’s been over a year now and everyone is happy. Rory and the team have given me financial freedom and I have a life again”

    See If You Qualify For 70% Debt Write Off



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  4. Make 2017 The Year You Become Debt Free!

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    Make 2017 The Year You Become Debt Free!

    write off debt in ireland

    Happy New Year Everyone, It’s that time of year again where everyone has made their New Year’s resolutions. The gym is full, everyone you know is on a diet and off the drink, if you have been struggling with debt for a long time and keep ignoring the signs you need help then it’s time to deal with the debt problem head on and make the necessary changes to become debt free this year.

     

    Below are a few pointers that could shift that stubborn debt.

     

    Sit down and get all your paperwork together, work out how much you actually owe to all your of credit cards, loans and catalogues. Then add up all of your monthly debt repayments and this total will show you how much you pay out every month on your debts. You maybe be surprised at the total amount of debt you owe and the amount you are paying on your monthly debt repayments but you need to see this total so you can take stock of your current situation as this will encourage you to make that call to ask for help.

     

    Then write down your total monthly household income (net wage, benefits, etc) on the top of a page and put down all of your monthly outgoings (mortgage repayment, food, electricity, travel costs, insurances, etc) underneath and then add up all of your outgoings.

    Subtract your total monthly outgoings from your total monthly household income, if you are left with a monthly figure that is less than your total monthly debt repayment please make sure you give us a call as you maybe be eligible to have your loans, credit cards and mortgage payments reduced to a more manageable amount. Also you maybe eligible to have some or all of your debt written off under the new debt solutions introduced through the Personal insolvency Act.

     

    Here is an example of someone that was helped by one of the Personal Insolvency Practitioners we work with.

     

    case-graph21.png

     

    (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)

     

    Most people start to struggle with debt when they experience a change in their circumstances.  A relationship breakdown, business failure or being made redundant are just a few reasons why we receive a call from someone worried about debt.

     

    If your are struggling with debt every month then it’s time to get help and deal with the unmanageable debt head on.

     

    Insolvent people finally have a range of difference solutions available to them which tackle the debt problem and will write of unaffordable debt.

     

    There are now lots of solutions available to reduce your monthly mortgage, loan and credit card payments.

     

    Here are the solutions now available and lots of people have already benefited from these new debt solutions:

     

    Debt Settlement Arrangement
    A formal agreement where a percentage of the debt is paid and creditors agree to write off any outstanding debt. A Debt Settlement Arrangement is an agreed settlement of your unsecured debts with affordable payments over a period of 5 years.  If you have unsecured debt such as credit cards, loans and overdrafts and are insolvent then a Debt Settlement Arrangement could be the right solution to help your clear your debts. (Insolvent means you are unable to pay your debts in full and when they fall due).

      
    Personal Insolvency Arrangement
    A formal agreement that includes secured and unsecured debts where a percentage of the debt is paid and creditors agree to write off any outstanding debt. If you are struggling to pay your secured and unsecured debt, a Personal Insolvency Arrangement may be the right solution for you. This debt solution was brought in by the Government to deal with secured debt (mortgage and secured loans) and unsecured debt (credit card, loans and overdrafts)
     

    Debt Relief Notice 
    Gives debt relief to people who have little or no disposable income or assets which they could use to repay what they owe. This is a debt settlement solution to clear less than €35,000 of debt. It enables eligible insolvent debtors to write off their debts where they can prove they are not in a position to repay their debt and it is unlikely their financial situation will improve in the next 3 years. 

     
    Bankruptcy 
    A high court process for someone struggling with more than €20,000 of debt. Bankruptcy is a solution to clear all your debts if you have little or no money available to repay your creditors. Before you consider applying for bankruptcy you must have explored the alternative solutions to bankruptcy which includes a Debt Settlement Arrangement, Personal Insolvency Arrangement and Debt Relief Notice. Unsecured and secured debt such as mortgages for family homes or buy to let properties, business loans and credit card loans can be included in bankruptcy. 

     

    Please don’t bury your head in the sand as there are now lots of solutions available that can reduce your monthly repayments, write off unaffordable debt and stop all those nasty calls and letters.

     

    Some clients have told me in the past that making the first call was so difficult for them as they were worried about what we would think of them, but then after they spoke with us they were so happy that they did make that call as they can now see a light at the end of the tunnel and a huge weight has been lifted off their shoulders.

     

    Some of the solutions now available enable you have up to 70% of your debt written off which will also reduce your monthly debt repayments.

     

    If you need help with debt then I can 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.

    Rory McGonnell

    Founder of Bright Day Finance

    Personal finance expert and blogger who has an interest in money saving ideas.

     

     

     

  5. Court Review Introduced For Rejected Personal Insolvency Arrangements

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    Court Review Introduced For Rejected Personal Insolvency Arrangements

    For many borrowers struggling with mortgage debt, the introduction of a Personal Insolvency Arrangement was welcomed as a solution to help them deal with the burden of unsustainable debt.

     

    A Personal Insolvency Arrangement is a formal agreement that includes secured and unsecured debts where a percentage of the debt is paid and creditors agree to write off any outstanding debt for an insolvent person.

     

    However in reality, many of the Personal Insolvency Practitioners we work with are having Personal Insolvency Arrangement proposals rejected by mortgage lenders.

     

    The report released by the Insolvency Service of Ireland for the 1st quarter of 2015 shows below the banks who are rejecting these debt solutions.

     

    Percentage of cases rejected:

    Start Mortgages 80%

    PTSB / Springboard 48%

    Tanager 33%

    Bank of Ireland 21%

    Ulster Bank 19%

    AIB / EBS 14%

    KBC 10%

     

    Personal Insolvency Practitioners spent a lot of time with a borrower putting together their proposal for a solution to their debt problems, mortgage lenders would turn them down flat, even after other lenders had accepted their proposals.

     

    What many people still don’t know is that at the end of last year, the minister for Justice, Frances Fitzgerald announced that if a Personal Insolvency Arrangement proposal is declined, the borrower can ask for it to be reviewed by the courts. If the reason for turning it down is found to be unfair, the courts could force the proposal onto lenders. This has been warmly welcomed by the public as the government appears to be standing up for borrowers who have been at the mercy of Banks and other lenders to accept their Personal Insolvency Arrangement proposals.

     

    This new ruling isn’t a green light for all declined Personal Insolvency Arrangements being approved as the courts will look at the likelihood that the borrower can make the proposed repayments and the interests of all parties. As the courts are independent, we should see more balanced and informed decisions being made.  This should hopefully lead to more declined Personal Insolvency Arrangement proposals being overturned and being accepted in the future.

     

    Minister Fitzgerald went as far as to describe the order as “a very significant milestone in the development of Ireland’s insolvency regime”.

     

    The Personal Insolvency Practitioners we work with have appealed the decision of any mortgage lender who rejected a debtors Personal Insolvency Arrangement and have used this new court review process to gain the right decision for their client.

     

    As well as Personal Insolvency Arrangements now becoming more attractive, they complement a growing list of debt solutions available to borrowers experiencing financial difficulties. These include Debt Relief Notices, Debt Settlement Arrangements, and of course, Bankruptcy.

     

    Here is more information on the debt write off solutions now available, you maybe be eligible for one of these solutions below if you are unable to pay your debts as they fall due:

     

    Personal Insolvency Arrangement

    Formal agreement that includes secured and unsecured debts where a percentage of the debt is paid and creditors agree to write off any outstanding debt. This debt solution was brought in by the Government to help people deal with unaffordable secured debt (mortgage and secured loans) and unsecured debt (credit card, loans and overdrafts)

     

    Debt Relief Notice 

    Formal agreement that gives debt relief to people who have little or no disposable income or assets which they could use to repay what they owe. This is a debt settlement solution to clear less than €35,000 of debt. It enables eligible insolvent debtors to write off their debts where they can prove they are not in a position to repay their debt and it is unlikely their financial situation will improve in the next 3 years.

     

    Debt Settlement Arrangement
    Formal agreement where a percentage of the debt is paid and the creditors agree to write off any debt outstanding. A Debt Settlement Arrangement is an agreed settlement of your unsecured debts with affordable payments over a period of 5 years. If you owe more than €20,000 and have unsecured debt such as credit cards, loans and overdrafts and are insolvent then a Debt Settlement Arrangement could be the right solution to help your clear your debts.

     

    Bankruptcy 

    A high court process to clear all your debts if you have little or no money available to repay your creditors. Before you consider applying for bankruptcy you must have explored the alternative solutions to bankruptcy which includes a Debt Settlement Arrangement, Personal Insolvency Arrangement and Debt Relief Notice. Unsecured and secured debt such as mortgages for family homes or buy to let properties, business loans and credit card loans can be included in bankruptcy.

     

    It’s fantastic to see that anyone burdened with unaffordable debt has lots of different solutions now available to them.

     

    We now have debt solutions available that will reduce your monthly payments on your credit cards, loans or mortgage and will write off debt you can’t afford to pay.

     

    If you are struggling to pay to your mortgage, credit cards or loans please don’t worry as there is help available.  We can arrange a Free call for you with a Personal Insolvency Practitioner who will able to see if you are eligible for a debt solution.

     

    R.McGonnell 14th January 2017

     

     

     

  6. Avoid Getting Into Debt This Christmas

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    Avoid Getting Into Debt This Christmas

    Christmas is a time of celebration and goodwill but too many people overspend at this time of year.

     

    Some people put the cost of Christmas on their credit cards, this is not a good idea as you will have a large credit card bill hitting the door mat in January and will also have to pay interest back on the money you borrowed.

     

    Don’t suffer with a financial hangover in January due to overspending at Christmas.  January is a long enough month without adding that extra stress of worrying about debt.

     

    The best way to get ready for Christmas is to budget it for it and start putting away some money the January before.

     

    I have heard of someone putting off priority payments like their rent or mortgage until January, this is crazy and can lead to many more problems in January.

     

    Other people use moneylenders that call to their door to pay for Christmas and the problem with this is then the following year you will have to pay the money back with very high interest payments of up to 500%!  Avoid high interest money lenders at all costs.

     

    The temptation to take advantage of borrowing to meet the needs and wants of your children this Christmas can be intense but it’s not worth it as you could have a lot of added stress and worry the following year due to this debt.

     

    The best thing is not to borrow money to pay for Christmas instead try and follow these tips to manage your Christmas spending:

     

    Sit down and write out a budget of your household income and outgoings to see how much you can afford to spend this Christmas. Don’t overspend try to stick to this budget.

     

    Ask your kids to choose what they want from Santa Claus early.

     

    Talk to your family about Secret Santa, if you have a large family this can save you all a lot of money. I did this last year and it worked really well, all the adults were included in Secret Santa and the children still received presents as normal.

     

    Make a list of the people you intend to buy gifts for and if possible get creative and make the presents if you can. Get the kids involved too. Hampers are a great idea, buy the contents of the hamper yourself and buy a nice box to put it in, This could save you a lot of money and a lot of thought will go into the present also. Remember good friends don’t need expensive gifts. Set a limit with family and friends on what each will spend on the other.

     

    Leave your credit card at home, pay with cash. Paying by credit card doesn’t feel real and handing over cash will hopefully make you stick to your budget.

     

    Give yourself time to shop around for the best bargains, even buy the January before if you can as there are great deals to be had in the January sales.

     

    Set aside the money for bills expected in January. This will give you peace of mind as you know you will have the money available to pay the bills in January.

     

    When you go to the supermarket be realistically, don’t buy way too much food and drink, people shop like they are never going to get to the shops again, the shops will open again the day or two after Christmas.

     

    Christmas is a wonderful time of year and should be about having a great time with your family.  Don’t get caught up in all the overspending.  Have a lovely Christmas and I hope these tips help you deal with the expense of Christmas.

     

    If you are struggling with debt from last Christmas or struggling to pay your mortgage or credit cards, loans please give us a call on 01 4434125 as we can arrange a Free appointment with a Debt Advisor or Personal Insolvency Practitioner who will offer you Free Debt Advice.

     

    R.McGonnell 7th November 2016

     

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