Search Results for 'Debt'

Mayo County Council’s performance in collecting on rents, rates, and loans has been found to be below par in an audit just published by the Local Government Audit Service for the Department of the Environment.

As this week marked the beginning of Lent and the pre-Easter season of doing without, many were wondering what more could they do without; what is there left to give up?

Fine Gael Mayo TD, Michelle Mulherin, has said the Personal Insolvency Bill published last week will give a vital lifeline to distressed mortgage holders and those overwhelmed by personal debts. The Heads of the Bill was published by Ministers Alan Shatter and Michael Noonan this week, and it is hoped it can be published in its legislative form by the end of April.

The Personal Insolvency Bill – published this week – will offer a lifeline to distressed mortgage holders and those overwhelmed by personal debt, Kilkenny Fine Gael TD John Paul Phelan has said.

Fine Gael Galway West TD Seán Kyne yesterday called for the Money Advice and Budgeting Service (MABS) to be given a more central role in the Personal Insolvency Legislation.

A global risk assessment company is warning that the systemic nature of the current crisis is making the Eurozone unstable in business terms.

Recent reports in the national media suggest that some credit unions may no longer be in a position to lend to their members due to restrictions imposed on them by the Central Bank. While certain credit unions may find themselves in the unenviable position of having to say no to members seeking loans either because the credit union has reached their monthly quota or the amount sought is above the lending discretion of the credit union, this is certainly not the case for Athlone Credit Union Limited , who are very much open for business.

No matter what your education or career goals are, it is helpful to begin preparing early. Castlebar Credit Union encourages starting a savings account from a young age. However sometimes savings may not be enough to cover all educational costs, particularly at third level.

Suicide is a serious and devastating issue and it is not a word which should be bandied about recklessly and without proper thought.

It is estimated that approximately 2,200 mortgage holders in Mayo have switched to interest only mortgage payments to assist with affordability, but according to Caledonian Life these homeowners may now be leaving their families open to thousands of euro of legacy debt. The most recent report from the Financial Regulator would suggest that this switch has become a common cost saving strategy, as the public attempt to deal with affordability issues in the current recession. The leading life insurance company said it is believed that up to 50,000 struggling mortgage holders throughout the country have had to switch to interest-only repayment terms or otherwise restructured their mortgages since the recession began three years ago, but that most may not have adjusted their mortgage protection cover to reflect this change.