Blogs & Articles
Remove Fear of Debt Repayment Demands with Expert PIP Advice - By Brian Leslie, APIP Member (PIP)Date added: 28 Jan 2016
With one in ten people under intense financial pressure and afraid to answer the phone in case it’s another demand for an outstanding payment, many people across Ireland still need independent and professional financial advice.
Many banks and creditors are employing the services of aggressive debt collection agencies that harass people at work and in their home; via phone calls, texts, letters and frequent visits to their home. To date, we have reviewed and restructured finances for thousands of clients, right across the country.
We relieve clients of the hassle and stress of negotiating with banks/debt collection agencies and all other creditors. This enables them to regain control over their lives and allows them to refocus on their job, family or business. Our objective is to negotiate more favourable repayment terms for our clients and to persuade creditors to freeze interest and charges on our client’s accounts. Early intervention is strongly advised and I always encourage clients to communicate with their banks openly and honestly. I understand how incredibly stressful many clients find this task and how many will need professional help in this area. They should not be embarrassed by contacting us at Prima Finance. We take a holistic review of the client’s finances and financial commitments, which is essential to finding a sustainable long-term solution for all sides.
To date, as a personal insolvency practitioner (PIP), I have negotiated an average debt write down of 85% for people’s unsustainable/unsecured debts. On average, this involves a monthly payment for 5 or 6 years, then any unpaid unsecured debt is written off in full for ever more. Recently, I negotiated a 98.7% write-off of a client’s €1.3m debt with an agreement involving 6 different banks. Each case is always assessed on its own individual merits and reflects various items, such as one’s income, assets, age, family circumstances, number and age of kids and so on.
Prima Finance is the only company in Ireland that offers all debt solution options in-house. We offer debt management plans (private deals), personal insolvency arrangements (PIA/DSA) and bankruptcy.
Contact APIP Member (PIP), Brian Leslie, Managing Partner at Prima Finance
Brian Leslie founded Prima Finance in 2001 having previously worked with Bank of Ireland Private Banking. Brian has a first class honors degree in Agri Business from UCD and an honors degree in Financial Services. He is a qualified financial adviser (QFA) and an approved personal insolvency practitioner (PIP) and was awarded a Diploma in Personal Insolvency and Corporate Restructuring from the Law Society of Ireland in 2013.
For further information view Brian Leslie’s APIP profile here.