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Saturday 28 January 2023 Dublin: 4°C

# MABS

All time
# MABS
Poorer households turning to pre-pay heating - but that means they pay a 'poverty premium'
A new Mabs report covered the west Dublin areas of Ballyfermot, Chapelizod, Palmerstown and Cherry Orchard.
# Arrears
'There is a solution for everybody': Debtors urged not to put their heads in the sand in 2018
Legal and financial experts say there are ways they can help – especially if people come to them at an early stage.
# Abhaile
Over 4,000 borrowers flock to voucher scheme in bid to save their homes
Figures released to TheJournal.ie demonstrate the “massive” scale of the mortgage arrears problem, according to one expert.
# counting coppers
Debt advisers slammed as 'penny pinching misers' after docking workers' Leap Year pay
Debt advisory service MABS had docked the paychecks of two workers to the tune of between €140 and €160 each.
# don't break the bank
How to manage your money this Christmas and not break the bank
Luckily, the Money Advice and Budgeting Service (MABS) has all the information you need to know.
# Mortgages
300,000 people who owe €2.5 billion have asked for help
MABS has been busy.
# Mortgages
Want to buy a house next year? You may not actually need a full 20% deposit
New rules restricting banks from granting loans of more than 80% of the property value were due to come into force in January 2015 but there may be a way around that.
# insolvency
These four counties have no personal insolvency practitioners
Dublin has the highest number of PIPs, followed by Cork and Galway.
# Debt
1,600 people waiting to see MABS advisors
The average waiting time for a MABS appointment is 4.4 weeks but this figure varies wildly across the country.
# Debt
Debt advice service threatened with funding cuts in agreement dispute
Companies funded through the Citizen’s Information Board have been given two months to sign service legal agreements to ensure funding.
Voices
Column: The insolvency process should be a competent public system that ensures everyone has access
The Personal Insolvency Practitioners (PIP) will not be given prescriptive rules around charges, meaning the person who is really in trouble and has no funds could be left on the insolvency scrap heap, writes David Hall, who says there are a number of issues that need to be changed immediately.
Voices
Extract: I’m in massive negative equity and I may lose my home, but I won’t lose hope
Single Irish mother, Jillian Godsil, who tried to sell her Georgian mansion on YouTube, has documented her personal slide into insolvency in a new book, Does my Debt look big in this? Here she writes about debt and never giving up.
# Mortgage Arrears
Mortgage holders in arrears are older and more likely to have children - report
A survey conducted by MABS indicated that over 36 per cent of mortgage clients were unemployed.
Voices
Column: 11 tips to avoid getting into debt this Christmas
It’s easy for spending to get out of hand at this time of year. Michael Culloty of MABS offers some tips to help rein it in.
Voices
Column: Four years of crisis, and still no clear deal on mortgage debt
The failings of Government to take simple steps to help mortgage holders has caused further damage – and the Insolvency Bill is by no means our saviour, writes David Hall.
# Explainer
Explainer: What are the rules that govern legal moneylenders?
With Halloween now behind us, Christmas has become the focus of many. While the holiday can bring joy to many, it can be a time of huge financial pressure for others.
# Debt
Numbers seeking debt help reach highest level since crisis began
More than 50 per cent of those looking for help were families with children, new figures show.
Voices
Column: The Keane report has consequences for borrowers – but not for banks
The Keane Report, independent TD Stephen Donnelly notes, cites “inappropriate mortgage-holder behaviour”. It does not mention “inappropriate banker behaviour”.
# Poverty
More Irish families being pushed into poverty and seeking advice
Two separate reports indicate that more and more Irish families are being pushed into poverty as record numbers contact advisory services seeking help.