Hope for Those with Debt Problems

With the credit crunch biting deeper into everyone's pocket, many people are sliding faster and faster into debt. House foreclosures are on the rise, and there appears to be no end in sight. However, help is at hand. Debt Relief Ireland is a new debt advisory service that offers realistic solutions to mounting debt problems.

Dublin, Ireland (PRWEB) November 22, 2008 -- As the Chinese curse goes "may you live in interesting times". With 30% of the Irish population directly involved in the construction industry, times are certainly interesting, and the future looks grim.

Debt owed on personal loans, credit cards, and household bills has risen massively, new figures show. Estimates also show an increase in the use of debt collection services by banks, and credit card companies by as much as 300% compared to last year.

For many Irish people, monthly outgoings are now starting to exceed their income. Getting into debt can be a frightening experience, and is affecting a growing proportion of the population. People from all sectors of society, and in all income brackets are being affected.

In such dire situations, many people are taking out personal loans to pay off their debts. Unfortunately, this can actually exacerbate problem, and in most cases it is not a realistic solution.

However, there is some light at the end of the tunnel. Debt Relief Ireland, based in Dublin, helps people get real solutions to debt problems. It may even be possible to reduce debts by up to 50%.

This unique service enables people with debt problems to get out of debt by getting a better deal from their creditors. In a nutshell, Debt Relief Ireland can negotiate with your creditors on your behalf.

Most creditors understand that by agreeing to your debt management plan they could receive more money, than if you entered bankruptcy. It also allows them to engage in the process of getting paid in a more proactive way. Unlike the UK, archaic bankruptcy laws in Ireland means that you can still end up behind bars for not paying your bills.

Although debt management programs have been available in the UK for a long time, in Ireland this service is unique.

With painful changes taking place in society, and a growing proportion of the population sinking faster into debt, Debt Relief Ireland truly offers a ray of hope.

Director of the company, Mike Pettigrew knows very well what it is like to waken up each morning not knowing how to pay the bills. Some years ago, as a result of a business deal that went wrong, he lost almost everything, which resulted in a year of sleepless nights.

In his own words "Being on the point of bankruptcy, with a wife and baby to support, was an experience I will never forget. Had debt management programs been available back then, I would have jumped at the opportunity. Unfortunately, they were not, and I was completely alone, with nobody to turn to".

Fortunately, through monumental efforts, and more than a year of 16 hour work days, he was able to turn everything around.

Debt Relief Ireland offers free debt advice that can totally transform the circumstances of those who are experiencing financial difficulties.

They can be contacted as follows:

Debt Relief Ireland, 44 Northumberland Road, Ballsbridge, Dublin 4.
Helpline: 01 2454138.    Low Call: 1890 719 468
http://www.debtrelief.ie

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