No Money

LegacyUser

I am completely broke... i was made redundant from my job a couple months ago and i am having no luck finding jobs...
I have a mortgage that i cant afford, i have car insurance that i cant pay, i have gas and electricity bills also.

At this rate im going to be living on the street Is there anywhere i can look for advice or help?

biko

There is a organisation, MB.. something, I'm sure someone else can think of the name. They are there to help you with debt issues.
Also have a look at http://www.citizensinformation.ie/
Best of luck

Edit, found it: MABS http://www.citizensinformation.ie/categories/money-and-tax/personal-finance/debt/mabs_service

Beetlebum

Hey,

I'm sorry to hear about your job. I was made redundant a few weeks back too but got a lucky break and found a job. I understand how stressful it is.

Firstly, I would sign on if you haven't done so already. I would also register with as many recruitment agencies as you can. Job hunting is a job in itself so you should get up early in the morning and look for jobs online, in all the papers, in FAS etc.

There are jobs out there, it's just slowed down considerably. Try to stay positive and focused on your goal - finding a job. Maybe call the bank too an dlet them know your current situation. They might be able to come to some sort or agreement with you. I missed two payments on my loan and called a meeting with my bank manager. She was so helpful and actually ended up giving me a bridging loan to help me through. I walked into the bank worried sick and walked out with money in my pocket. My loan is higher now but at least it tided me over.

You will find something, it just takes time.

Curvy Vixen

As far as I know there is some sort of relief when you are unemployed now for your mortgage but the site that biko posted has great info on it. Otherwise ask in the unemployment office exactly what you are entitled to. They aren't great offering information unless you ask...

What sort of line of work are/were you in?

Glowing

Do you have the room for a lodger? Might take some of the pressure off the mortgage, and would help with the bills too.

What are you qualified/experienced in?

Gareth37

broke wrote: »

I am completely broke... i was made redundant from my job a couple months ago and i am having no luck finding jobs...
I have a mortgage that i cant afford, i have car insurance that i cant pay, i have gas and electricity bills also.

At this rate im going to be living on the street Is there anywhere i can look for advice or help?

Thats pretty sad, you must be very distressed and depressed about it.

Regarding the mortgage I don't think that there is much point paying anything back until you get a so called "permanent" job. If you have redundancy money take it out and put it in a safe for yourself. Enjoy the free rent for as long as possible whilst it lasts.

Sign on the dole too and keep looking for a job.

Thats what I would do. No point wasteing your dole money or redundancy money on mortgage repayments if you are probably going to have to move out of your borrowed house.

Homer

Hi OP,


what were you working at? There are plenty of jobs out there if you really want to keep your home and your dignity.
o.k so you may have to take a reduction in your wages or even get a second job to make ends meet, but is that not better than the alternative you mentioned?
Speak to the bank/building society and explain what has happened if you haven't already and that may buy you some time.
I work two jobs and have done for a long time now. During the boom times the extra income was great and afforded me some of the nicer things without having to save like I would have on one income.
Currently I am damn glad to have both jobs given current market conditions and the dark cloud that hangs over many peoples jobs!

Choose your own destiny. Sit at home and grumble about losing everything or get out there and work your ass off?

Up to you.

All the best.

MIN2511

OP, I don't know what sector you are in and what experience you have...
If you are in the IT sector, you should post in Work and Jobs(you can post anonymously) and give a brief information of your experience etc a few people there have links.

FibbersON

Dude get on the blower to MABS 1890 283438 they deal with this stuff all the time, basically get you sorted, talking to your bank and utilities cimpany asking them to cut you some slack. Nobody wants to go down the legal route, but if they see you are making an effort to help yourself they'll be more willing to listen.

Maggie Simpson

Gareth37 wrote: »

Regarding the mortgage I don't think that there is much point paying anything back until you get a so called "permanent" job. If you have redundancy money take it out and put it in a safe for yourself. Enjoy the free rent for as long as possible whilst it lasts.

Gareth37 wrote: »

Sign on the dole too and keep looking for a job.

Thats what I would do. No point wasteing your dole money or redundancy money on mortgage repayments if you are probably going to have to move out of your borrowed house.

This is pretty bad advice IMO. If you habve a mortgage and miss the repyaments, every repayment you miss will be recorded with the Irish Credit Bureau & remain on your record until 5 years after the mortgage/loan is repaid. This basically means forever in the case of a mortgage and if you wanted to top up/switch your mortgage at any point or get another loan you could have problems.

Contact the mortgage lender & ask for a payment break. Did you take out repayment insurance for the mortgage by any chance?

You need to either keep paying mortgage/take a mortgage break.

Dave!

Get on to MABS pronto mate.

Zzippy

Gareth37 wrote: »

Thats pretty sad, you must be very distressed and depressed about it.

Regarding the mortgage I don't think that there is much point paying anything back until you get a so called "permanent" job. If you have redundancy money take it out and put it in a safe for yourself. Enjoy the free rent for as long as possible whilst it lasts.

Sign on the dole too and keep looking for a job.

Thats what I would do. No point wasteing your dole money or redundancy money on mortgage repayments if you are probably going to have to move out of your borrowed house.

Are you for real? You sound like a schoolkid who has no idea of how the real world works. Having your home repossessed is clearly not what the OP wants. Responsible helpful advice is whats needed. Yours is neither.

OP get on to MABS as soon as possible. Talk to your bank, it is quite possible to negotiate taking a break from mortgage payments or reducing them temporarily until you get back on your feet. But don't let it drag, do this ASAP. Banks are much more amenable to helping you out if you talk to them early on.