Borrowing money to fund a new home, car or even a holiday is not only normal its pretty much universal. Youd be hard-pressed to find someone in Ireland today who doesnt have some kind of loan or credit facility.
This can be an absolute life-saver once you can manage the repayments, but if something changes a sudden illness, redundancy or even a broken boiler debts can spiral out of control and it can be near-impossible to dig yourself out.
For many, the instinct is to keep quiet, knuckle down and try to deal with it, but this isnt always possible. Many people across the nation find themselves faced with tough financial choices about whether to cover a loan repayment or a utility bill because they cant do both.
Some people in this situ…
Read the full article at: https://www.irishmirror.ie/lifestyle/struggling-debt-back-on-track-13865015