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Action 1
Gather information and figures on:
- Income
- Household Expenses and bills
- Mortgage, Loan and Credit Card balances/repayments
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Action 2
Contact one of our dedicated advisors on the national freephone helpline 1800 42 42 42 or complete our online assessment form here -
Action 3
Make an informed decision that best suits your specific circumstances, based on our expert analysis and recommendations.
Action Steps to becoming
debt free
debt free
Take a Debt Health Check
The Debt Trap
Tuesday, July 27th, 2010The Latest of our monthly articles for You and Your Money magazine explores the real life consequences of debt.
Click HERE to read the article.
“Rise in debt and insolvency cases”
Wednesday, July 21st, 2010Carol Coulter reports on the Court Service Annual Report which shows a dramatic increase in the number of cases involving debt and insolvency.
Read the full article here.
The Do’s and Dont’s of Becoming Debt Free
Tuesday, July 20th, 2010Do monitor and analyze your spending habits. If you don’t know where all your hard-earned money goes, it is difficult to know how to begin making necessary changes. Keep all the receipts for cash, debit, and credit card purchases. Take the time to review your spending patterns at the end of the month.
Do develop a spending plan. For outgoings to be less than income, weigh up must have v could have, and spend accordingly. Prioritize and justify your spending. Make wiser spending decisions right away. Be sure to continue the new and improved spending habits for the long-term.
Do leave home without your flexible friends. Research shows that consumers spend significantly more when buying goods with credit cards instead of cash.
Do save for the future. Find a manageable way to begin saving today. It won’t be any easier by delaying. You never know when you might need that rainy day money.
Don’t spend impulsively. It’s the luxury and non essential expenses that often get consumers into financial trouble. These include entertainment, socialising, holidays and clothing. When you cut down on these expenses, there is more money left to pay your debt and to save for the future.
Don’t continue to borrow. Making payments to credit cards and then reusing them gets you nowhere. Make the decision to wipe out debt for good.
Don’t endanger your family home. Long term problems require long term solutions. Interest only periods and payment breaks on mortgages could end up costing in the long run
Don’t charge anything to your credit card that can’t be paid off in full. This will eliminate high interest on purchases.
Don’t make promises to creditors that you can’t keep. You will lose the sympathy of any creditor if you make arrangements to repay and then default.
Don’t forget to seek professional help. If you find your financial situation too overwhelming to handle alone, it is wise to get professional help. Contact Debt Plan Ireland, the experts in this field.
Mortgage Arrears and Personal Debt Expert Group Interim Report
Tuesday, July 6th, 2010The Group launched the interim report today with positive recommendations calling on creditors to refer struggling clients to licenced Debt Management Companies.
Click HERE to download the report
“Fresh alternative to arrears”
Sunday, July 4th, 2010Today’s Sunday Business post reports on the newly formed Debt Management Assoctiation of Ireland which has been co founded by Debt Plan Ireland.
Clich Here to read the article
Credit where it’s due
Friday, July 2nd, 2010In July’s issue of You and Your MoneyMagazine, Emmet writes about the Irish Credit Reporting system, the effects on ordinary people in debt and ways to help manage and repair your score.
Read the full article Here
Ms C, Co Louth
Thursday, June 24th, 2010“I had spent over two years of my life worrying about bills and loans and my mortgage when I first contacted Debtplan Ireland online. I felt completely isolated and alone with nobody to turn to who knew the right thing to do to help me. I spent every minute I could working and on payday I was lucky if I had ten euro in the bank. I was constantly under pressure worrying where the next meal for my seven yr old child would come from, when the next letter from a creditor would arrive through the door, when the next phone call querying my loan repayments would come and did I have enough money to get petrol to get to work the next day! It was a complete nightmare and not the way I wanted to continue my life, I developed severe eczema and illnesses as a result of all this stress and I had no idea where to turn. Then I saw Debtplan Irelands website, left a message on their page and got a phone call back straight away. Emmet and the rest of the team have taken all of the pressure away, they have been patient and caring in their approach to my financial crisis and have worked out a plan that suits me perfectly in a very quick time. They have taken control of dealing with my creditors and I feel totally secure in the knowledge that they are professionals who are putting my best interests first. I am now looking forward to having a life again and I can see the light at the end of the tunnel. Emmet and indeed the other members of the team who I have spoken have always been happy to help and to put my mind at rest over any little concern I have had. All of my concerns are now gone and I am looking forward to a happy future where I am in control of my finances, I have food on the table and I get a good nights sleep!!! Debtplan Ireland are a business like any other but I firmly believe this business changes lives and saves lives and I would highly recommend anyone who is in difficulty to contact them. You really don’t have to suffer alone.”
Debt Management Association Launched
Monday, June 21st, 2010Debt Plan Ireland are delighted to announce the recent launch of The Debt Management Association of Ireland (DMAI) as a founding member. Emmet Pullan has been appointed vice chairman of the association.
Click here for more information on DMAI
32,000 mortgage holders in arrears
Thursday, May 27th, 2010Report on the increase in mortgage arrears announced by the central bank
Click here to read article
“Borrowers paying off credit card bills before mortgages”
Wednesday, May 26th, 2010Today’s Irish Independent looks at a situation arising where consumers are prioritising credit card debt over their mortgage liabilities. Debt Plan Ireland were asked for comment on this issue.
Click here to read the article
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