Charlie Weston: Negotiating your debt can help ease burden
IF you have suffered a pay cut, been put on short time or laid off, you may no longer be able to pay all of your bills in full.
With almost 36,500 people three months or more behind on their mortgages, the debt problem in this country is not going to go away any time soon. Despite the gloom, cash-strapped consumers have some power when it comes to negotiating their debts.
The first step is to prepare a full and honest income and expenditure statement. See a widely accepted example of this form on www.MABS.ie.