There is no secret that one of the bigger problems facing the banks right now is getting distressed borrowers to engage with the "process"
So it's a conspiracy between the banks, IMHO and the media? Right...The cynical side of me says its a"staged" press release by the parties involved to entice more people to engage with their process.
In conclusion some people may think that the story is about AIB writing off debt, It is in fact a carefully stage press release to try and entice more people to engage.
If this is true then I feel people would much prefer an open and honest approach from the banks instead of being hoodwinked from the outset like this.
Well nothing new there - a significant chunk of "news" reporting is just rehashed press releases.
One bank?get the banks to pay for it
One bank?
OK - I thought it was just AIB (and by extension EBS and Haven) but maybe it's more. But anyway - it does seem to me that it would be worth some people talking to IMHO alright if they can get results like this. Whether or not such individual deals are fair or right or commercially sensible is another matter I guess...I believe it's more than one bank, maybe it's that he's in talks with some other banks. I'll try and find a link.
OK - I thought it was just AIB (and by extension EBS and Haven) but maybe it's more.
Hi Bronte
The IMHO is running a very strong media campaign about their activities. How successful they are in getting debtors to engage is another question. I don't have sufficient or reliable enough information on their success rate to comment on that but I would place a question mark there where you don't seem to have one. Have IMHO been successful ? I would like to know if they have managed to follow through with the kind of numbers that they forecast from the start. I think it would be interesting for them to announce their success rate. Surely there would be no better advertisement to other debtors than to announce their success rate in graphic detail and especially if it is true that they have managed to put through hundreds of deals as is reported elsewhere.
. I'm surprised to hear that they dont charge a fee. I previously heard 800 euro but that's possibly not correct so.
Here are the numbers you asked for
https://www.mortgageholders.ie/blog...-on-initiative-between-imho-and-aib-ebs-haven
They are far more transparent than private debt advisors.
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?