Household financial distress at “unprecedented levels”, insist Honohan
Household financial distress is now at “unprecedented levels’, according to the Central Bank’s Patrick Honohan. Speaking at the bank’s conference on distressed property, Professor Honohan said they are...
View ArticleIs the mortgage crisis worse than we thought?
MABS (the Money Advice and Budgeting Service) a publicly funded group who are given €18,500,000 a year to help the indebted, have produced research which indicates that when it comes to people with...
View ArticleDebt write-downs now possible under pilot scheme
A major new initiative has been agreed with the banks and the Central Bank to alleviate the debt burden of over-stretched borrowers. The new structure, which will operate on a pilot basis from next...
View ArticleCentral Bank hoping to persuade credit unions to join trial debt plan
The Central Bank of Ireland is hoping to persuade a large number of individual credit unions to participate in its pilot scheme to deal with those in arrears with multiple lenders in spite of the Irish...
View ArticleWhat to do after being rejected from your mortgage application?
Article contributed by Brentt Taylor About 30 percent of mortgage applications are rejected, with thousands of hopefuls being denied in any given year. Some of the main reasons why mortgage lenders...
View ArticleCredit Unions may offer mortgages to customers
The body representing credit unions has confirmed it is exploring the possibility of offering mortgage loans to members. The Irish League of Credit Unions, which represents more than 500 credit...
View ArticleCredit Unions may offer mortgages to customers
The body representing credit unions has confirmed it is exploring the possibility of offering mortgage loans to members. The Irish League of Credit Unions, which represents more than 500 credit...
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