Ireland’s Guide To Money And Living

Managing debt

Debt management

Struggling with debt, whether it be your mortgage, rent arrears or another bank loan? It can be a tough and stressful process, as you endlessly search through your budget with a fine tooth comb, hoping that you might be able to free up some funds somewhere.

Thankfully, there are a few options that could provide you with some professional and practical advice, for free.


The State money advisory service, the Money Advice and Budgeting Service (MABS) is a highly useful organisation which aims to get people back on their feet when it comes to debt, particularly personal and consumer debt. Free and confidential, their services include situational assessment, an online budgeting tool, advice on personal insolvency and debt relief notices, an independent mortgage arrears service, money management education and a useful glossary of financial terms.

For more information or advice, phone the MABS helpline on 0761 07 2000 (Monday to Friday, 9am to 8pm), email [email protected] or visit for a full list of services and office locations.


StepChange Debt Charity Ireland provides free, independent and impartial advice and assistance in relation to debts, covering mortgage issues, rent arrears, insolvency, organisation of priority debts, an assessment of your assets, what lenders can and cannot do, and budgeting.

Call 1800 937 435 (freephone, even on mobiles) or visit

Phoenix Project

Based in Portlaoise but offering a nationwide service, Phoenix Project Ireland comprises a group of professionals, including banking experts, financial advisors, accountants, lawyers, counsellors and others who offer advice and support to distressed borrowers with mortgage debt issues. Advising on topics such as personal insolvency, bankruptcy, repossessions and loan restructuring, Phoenix Project assesses your needs, advises on social welfare entitlements and other supports, assists in communicating with your lender, explains the mortgage arrears resolution process, and can help in dealing with threatening calls from your bank, alongside other essential supports.

To get in touch, phone 1850 20 30 40, email [email protected] or visit If you’re interested in helping the service, which is provided free of charge, you can donate €4 by texting SAVEHOMES to 50300.

When not writing about all things personal finance, You & Your Money's editor Conor Forrest enjoys reading, football and getting lost in an ocean of Wikipedia articles.