Is Ireland the best country to have personal debts/home loans..

ford fiesta

....with the banks offering so many solutions to those who are in 'difficulty' paying their home mortgages, including investment properties, also the chance of personal debt and residual mortgage debt being written off? Are other European countries banks this generous?

WilyCoyote

When you trade up to a Focus or Fusion we'll take you serious.

ford fiesta

don't judge a man by his car

wretcheddomain

Only sensible and responsible people don't allow themselves to get into debt.

Wacker The Attacker

It's a greater country to be debt free in.


I love being debt free.

super_furry

It does seem to be very, very difficult for a bank to evict someone who falls behind on their mortgage.

Ger Byrne 1

not great when you are the person owed money

UCDVet

No.

/thread

ytpe2r5bxkn0c1

I don't know as I never was in debt and always paid my mortgage, when I had one, either in full or in excess of the needed amount.

ford fiesta

borrowers are being allowed to walk away from it all. grand little country.

Ger Byrne 1

And the government only care if they get their cut
The rest can go whistle

ford fiesta

bet the borrowers don't tell their friends about defaulting or debts being written off...

though they would be boasting about spending on gadgets, holidays, cars, property etc...

UCDVet

ford fiesta wrote: »

bet the borrowers don't tell their friends about defaulting or debts being written off...

though they would be boasting about spending on gadgets, holidays, cars, property etc...

I dunno - I knew plenty of people who brag and boast whenever they find a way to 'beat the system'

Tail Docker

ford fiesta wrote: »

borrowers are being allowed to walk away from it all. grand little country.

Well, we take our cues from the Big Boys, and they all walked off scott free. So why not everyone else? Would it not be double standards otherwise. Lol.

y0ssar1an22

Is there anything like Stubbs Gazette for people who default/fall behind on loan repayments?
I would guess some people have the money but are hoping for a write-off. Perhaps some publicity would encourage them to pay their dues?

Tail Docker

y0ssar1an22 wrote: »

Is there anything like Stubbs Gazette for people who default/fall behind on loan repayments?
I would guess some people have the money but are hoping for a write-off. Perhaps some publicity would encourage them to pay their dues?

Yes, because you always see Sean d. etc in stubbs. Or that they give a shyte. No-one reads it except for the laugh anyway.

DizzyDamsel

People who owe the banks could pay back what they owed when they borrowed x amount euros, then some ****esr screwed up the country, people lost their jobs had their wages cut paid more tax........etc .... They didn't see it coming!.... we bailed out the bankers now it's time for the "little" people to be bailed out.

dxhound2005

Under the DUP SF coalition in the North reposessions of houses are a multiple of 8 to 11 times what they are in this country depending on how you do the numbers. Also under that administration you can have your house reposessed and be declared bankrupt if you do not pay your property tax.

kyote00

SF promise the opposite south of border .... go figure

dxhound2005 wrote: »

Under the DUP SF coalition in the North reposessions of houses are a multiple of 8 to 11 times what they are in this country depending on how you do the numbers. Also under that administration you can have your house reposessed and be declared bankrupt if you do not pay your property tax.

Dempsey

Noelle Old-fashioned Foil wrote: »

I don't know as I never was in debt and always paid my mortgage, when I had one, either in full or in excess of the needed amount.

Never in debt but had a mortgage...

The Irish aren't the best when it comes to finance...

Ger Byrne 1

some will always default on payments
But if they could be registered people could check them out before doing work for them

Grayson

ford fiesta wrote: »

....with the banks offering so many solutions to those who are in 'difficulty' paying their home mortgages, including investment properties, also the chance of personal debt and residual mortgage debt being written off? Are other European countries banks this generous?

If Ireland was the best would all the anglo execs be declaring bankruptcy in the US?

barney4001

it sure is if your a politition solicitor ,builder ,speculator ,as you all get away with money laundering and everything else

Why did so many go to the UK to go bankrupt if it was better here to do so.

Your credit rating will be effected by any help from the bank.

I have always paid my mortgage.

This is the important point if it is so easy why isn't hasn't every one stopped paying theri mortgage????.

MonkeyTennis

Noelle Old-fashioned Foil wrote: »

I don't know as I never was in debt and always paid my mortgage, when I had one, either in full or in excess of the needed amount.

If you had a mortgage you were in debt.

Valetta

ford fiesta wrote: »

borrowers are being allowed to walk away from it all. grand little country.

ford fiesta wrote: »

bet the borrowers don't tell their friends about defaulting or debts being written off...

though they would be boasting about spending on gadgets, holidays, cars, property etc...

How do you know it's happening, so ?