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Debt Consolidation Loans Refused To Many
- By Debt Consolidation Advisors
- Published 22nd July, 2008
- Debt Consolidation Loans
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Debt Consolidation Advisors
Information and debt consolidation help from expert members of the Debt Advice Team in Ireland. Debt consolidation loans are not always the best way to deal with bad debt or credit problems so speak with the Debt Advice Team free on 1-800-550-330 before committing yourself to a consolidation loan.
Debt Consolidation Loans Refused To Many Families In Ireland
Many typical Celtic Tiger couples have enjoyed the great times of the last ten years. Taking holidays, buying their home and giving children all that they might ask for.
However, since the onslaught of the Credit Crunch, life has changed significantly and the words 'economic recession' have become all too real for many Irish families.
Over the past ten years unsecured household debt has increased dramatically. Now, over a third of Irish people are finding their financial lives a real struggle and at least some of the time, to keep up with their bills and credit payments.
Fundamentally, the problem is that consumer debt is not being repaid by many people in Ireland with, again, over a third of people in Ireland not repaying unsecured debts such as credit cards and loans on a monthly basis.
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Debt problems are not just an issue for those on benefits or low wage families. These days people in middle and senior management positions face multiple debt problems as they are increasingly unable to sustain lifestyles arguably 'propped' up by credit debt.
With the impact of the credit crunch biting deeper almost on a daily basis it is clear that this will translate into more people experiencing debt problems turning to debt help organisations for debt management advice and debt negotiation intervention with their creditors. Seemingly ever increasing utility and food bills will also take their toll and many are set for a very very rocky ride in the months and years ahead.
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7 Responses to "Debt Consolidation Loans Refused To Many" 
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said this on 28 Jul 2008 5:51:36 PM UTC
So are you guys an alternative to bad debt consolidation loans in Ireland ? Can you deal with all of my debts in one place without taking out an expensive debt consolidation loan?
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said this on 29 Jul 2008 4:15:32 PM UTC
Hi Mary, yes we often assist people who are unable to obtain a debt consolidation loan. We also can advise as to whether taking out a debt consolidation loan in order to settle other debts is a good idea or not. Often starting a debt repayment plan may be a safer alternative to taking out more debt via a consolidation loan.
Please feel free to contact the debt advice team on 1-800-5-330 to chat about your options. Kind regards Sean |
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said this on 01 Aug 2008 12:25:51 AM UTC
Can bad debt consolidation loans deal with debts in the UK and Ireland
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said this on 06 Aug 2008 6:40:10 PM UTC
Is it possible obtain an early settlement amount for the debt consolidation loan I have with Start Loans Company?
Thanks Conor |
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said this on 08 Aug 2008 7:14:10 PM UTC
Hi Conor,
It may be possible for you to negotiate an early settlement figure with Start Mortgages in respect of your debt consolidation loan that you have with them. If your debt consolidation loan is secured against equity in your property however then Start Mortgages may be less willing to agree a short settlement arrangement with you in respect of your debt consolidation loan however. |
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said this on 23 Apr 2009 1:49:16 AM UTC
Thank you very much for your post. I believe this is very sound advice. I am going to have to sit down with my wife over the weekend and review all of our options. Thanks again for the post!
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said this on 21 Dec 2009 6:09:21 PM UTC
I have followed all things that you said. Thanks.
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