Link to Navigation, Search, A-Z and Site Map

Step 1.2

List and Evaluate Your Debts

Take a look at what debts you need to give immediate attention to because of the serious consequences attached like loosing your home (to info on Legal System - Debt cases)
Highlight the debts where legal action has already taken place. Mark the ones where legal action is pending. These debts need your immediate attention as the consequence of ignoring them could be severe. (to info leaflet on debt and the District Court)
Have you arrears on electricity, gas or phone bills. If they are not attended to you will be disconnected. (to info leaflet on Fuel Debt)
Credit agreements not secured on your property which are in arrears could mean you receiving a court summons or goods being repossessed (to info leaflets on Credit)
Write that letter
It might also be useful for you to see a copy of your Credit Record. For example, The Irish Credit Bureau is an electronic library or database that contains information on the performance of credit agreements between financial institutions (i.e. banks and building societies) and borrowers. A copy of your credit record is available from ICB for a small fee. A facility is now available to order a copy of your record online. SEE www.icb.ie

It is very important that you, without delay, make contact with those to whom you owe money in order to explain your financial situation. You can do this in person, by phone or by letter. Our advice is to make contact by letter. Do remember to keep a copy. (See sample letter)

Page Last Updated: 05/09/2005

End of Document