Financial difficulties can occur at any stage of life. Whether due to job loss, or other personal challenges, it can feel overwhelming.
If you find yourself in this position it is important to know that you can get help and there are options available to you.
Insolvency Service of Ireland (ISI)
The ISI is an independent government organisation set up to help you tackle personal debt problems.
If you are struggling with personal debt, the ISI can help. To learn more about the available personal insolvency solutions, you can check out their dedicated debt solutions website backontrack.ie.
The ISI can put you in touch with a Personal Insolvency Practitioner (PIP). If you are in home-mortgage arrears you may be eligible for a free PIP consultation, through the Abhaile service.
A PIP can:
- analyse your debts and propose an insolvency arrangement
- Explain available solutions
- Speak with your creditors on your behalf
If you are looking for a Personal Insolvency Practitioner (PIP), you can find one on the Register that is published by the ISI.
Money Advice and Budgeting Service (MABS)
MABS is a free, independent, confidential and non-judgmental money advice and budgeting service for all members of the public. MABS works with people who have all types of personal debt.
If you have problem debt in any area, including mortgage arrears, bank loans, overdrafts, utilities or credit cards, MABS will work with you to find a solution. To learn more, visit their website.
If you are in home-mortgage arrears you may be eligible for:
- vouchers to see a personal insolvency practitioner (PIP)
- vouchers for free legal or financial advice under the Abhaile scheme
If you are looking for an approved intermediary (AI), you can find one by contacting MABS.
You can talk to MABS at any stage. The earlier you contact them, the more they can help.
Visit www.mabs.ie or call the helpline on 0818 07 2000.
Abhaile
Both MABS and the ISI can provide assistance through Abhaile - the government funded National Mortgage arrears resolution service. MABS administer support through the Abhaile service. If you have fallen behind on paying your mortgage or a loan secured by your home, MABS can help you find the best solution to try and keep your home.
