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MABS is not really a debt consolidation service - simply an advisory service. There are commercial operations who will "advise" you and carry out debt consolidation (usually onto a mortgage) but you really want to make sure that you get independent, professional advice and not a sales pitch.INdebted said:What I'm wondering about is whether or not there is a debt consolidation service available in Ireland. I don't particularly want to go to MABS yet as
Can you explain this a bit more please?I'm not behind in my payments, I just have a long way to go with them.
Having read some of the other threads/links mentioned above have you identified remedial strategies (e.g. doing a spending diary, instituting a strict budget, foregoing non essential purchase, dealing with the most expensive debts first etc.) that apply to your situation and that you plan to put in place?Basically my situation is this, through bad management and some unforeseen circumstances I've managed to rack up a huge debt. Between 2 credit cards, a bank loan, overdraft and credit union loan I'm in debt to the tune of approx. €26K. In an average month I'm paying back around €800-€1000 off this but because of interest rates etc I'm not really making as much of a dent in it as I would like, and as soon as something comes up unexpectedly or out of the norm such as birthdays, xmas etc then I undo the work of the previous few months.
ClubMan said:Can you explain this a bit more please?
Clubman said:Having read some of the other threads/links mentioned above have you identified remedial strategies (e.g. doing a spending diary, instituting a strict budget, foregoing non essential purchase, dealing with the most expensive debts first etc.) that apply to your situation and that you plan to put in place?
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