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Two thirds of Irish people not aware of debt help solutions

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Two thirds of Irish people not aware of debt help solutions

Two thirds of Irish people not aware of debt help solutions Bright Day Finance

Debt is a scary word in itself, so it’s only understandable that those suffering with the burden of debt will feel anxious and confused as to what can be done to rectify their issue. Evidently, it would be simple to say to seek help, but not everyone is as forthcoming with their financial problems, or even know that there is help available. In fact, it has been reported that two thirds of Irish people are suffering in silence when it comes to their financial affairs.

Why Are So Many Struggling?

While it can be easy to assume that those who are in financial distress are wreckless with money, it can simply be because there isn’t enough of it to go around. It isn’t unusual for many to keep their financial concerns to themselves, often assuming that it’s their problem, so only they should deal with it. Similarly, there are those with good intentions of rectifying their current situation, but just don’t know where to turn when it comes to locating the help.

Embarrassment can also be an underlying factor, as there can sometimes be a stigma attached to those in debt. However, if we’re not able to take advantage of the help available, and we’re not able to deal with the problem ourselves, then the problem is only going to get worse. While not dealing with debt may only mean a series of overdue letters to some, others may have their home and car secured with finance, so could end up losing their lifestyle and livelihood.

Why Consider Free Debt Advice?

When you take into account that two thirds of Ireland are struggling with debt, it’s likely that many of those people may not be aware of the benefit that debt advice can offer. People can also suffer from a series of ailments that prevents them from dealing with their financial problems. As such, a professional debt solution is needed to ensure that everyone understands their financial commitments, while making sure that are dealt with fairly.

A debt advisor will also be aware of what can be done to reduce your level of debt. Facing this alone can sometimes result in a series of dead ends.

Another reason that so many in Ireland can suffer from debt is due to the fact that different bills fall on different dates. This can be confusing to many people, so it’s not always because money isn’t available, it just wasn’t available at the right time. As well as ensuring your commitments are met each month, you will only have to make one monthly payment in most instances, giving you more control of your finances as a whole.

Allowing a debt advisor to look at your finances can also help freeze interest on some loans and credit cards, meaning that you’re paying less each month as a result.

Being in debt can be a worrying prospect, but with so many others in the same boat, we can be more confident in asking for help and shrugging off the shackles of stigma. Anyone can fall into financial hardship, so there’s no reason as to why anyone shouldn’t be able to seek help should they need it.

We can arrange a free phone call for you with a debt advisor who will be able to offer you Free Confidential Debt Advice. 

If you are struggling to pay your debts 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 3rd February 2020

Two thirds of Irish people not aware of debt help solutions Bright Day Finance

Rory McGonnell

Founder of Bright Day Finance

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

Tags: Free Debt Advice Ireland, Free Debt Help Ireland, Debt Advice Ireland, Free Debt Advice, Free Debt Help, Credit Card Debt, Credit Card Debt Help, Debt Advisor.

 

 

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”

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