This article is from page 4 of the 2012-06-05 edition of The Clare People. OCR mistakes are to be expected so download the original SWF or the rendered page 4 JPG
THOUSANDS of householders across the county are now finding it increasingly difficult to meet their mortgage payments, with the number of people who are defaulting on loans with Clare banks increasing all that time.
That’s the warning that has been sounded out this week by the Clare Citizen Information Service, which has reported increases in calls to its helpline service for those coming un- der financial strain.
Speaking to The Clare People this week, Clare Citizen Information Service chief Paul Woulfe has urged people to come forward if they are experiencing financial difficulties as both his organisation and the debtcounselling service MABS gear up to meet the demands of giving muchneeded advice to cash-strapped individuals and families.
“People’s circumstances are changing all the time,” Mr Woulfe warned, “and there are a growing amount of people in the county getting into trouble with their mortgages. It is a huge problem that’s out there. People are defaulting on their mortgage payments in Clare and they have to go and try to re-negotiate with the banks.
“With the amounts of calls that are coming in every day, things are getting worse and they aren’t improving. It wasn’t a problem a couple of years ago, but now is the biggest problem facing people in the county. We see that every day,” Mr Woulfe added.
As part of this process the Clare Citizen Information Service has urged under pressure mortgage holders in the county to avail of the advice offered by the revamped keepingyourhome.ie website and MABS outlets in Clare that are located in Ennis and Shannon.
“It’s very stressful and mortgage arrears brought by losing your job can trigger other things as well,” warned Mr Woulfe. “It can lead to isolation, because with financial hardship you can lose your network and not interact with people as you used to. That’s why getting advice is so important,” he added.