A new campaign will be launched today to help struggling home-owners, and those finding it hard to repay other loans or credit cards.
The Banking and Payments Federation is joining forces with MABS to encourage anyone in difficulty because of the cost-of-living crisis, to speak to their lender.
A new website, DealingWithDebt.ie, has information for anyone in trouble meeting their repayments.
Brian Hayes of the BPFI says lenders want to help borrowers who are struggling.
‘There are options available to people, particularly when it comes to pre arrears or mortgage arrears. We have points of contacts for banks, non bank lenders and retail credit services. We have clear advice on the website for people who may get into mortgage difficulty and also we set out a range of solutions for people, in terms of the solutions they need to try to get a resolution of their problem.’