CCR Magazine

You are here  :Home arrow News arrow StepChange Debt Charity to launch Irish service
Contact Us Newsletter Signup RSS Feeds

Latest News Headlines


Commercial Credit News


StepChange Debt Charity to launch Irish service PDF Print E-mail
Friday, 25 September 2015

StepChange Debt Charity announced today that on 16th November, 2015 it will launch a telephone based service to provide free and independent advice for people in the Republic of Ireland who are struggling with multiple secured and unsecured debt problems.

The announcement follows today’s signing of a funding agreement between StepChange Debt Charity and five major banks: Allied Irish Bank, Bank of Ireland, KBC Bank, Permanent TSB and Ulster Bank.
Background to the agreement
In 2013, at the request of the Central Bank of Ireland, StepChange Debt charity operated the Pilot of the Multiple-Debt Framework. The pilot established that “there is merit in an alternative proposition for indebted customers who either do not want to pursue a formal insolvency arrangement or who may be ineligible for any such arrangement other than bankruptcy”. A survey of clients who took part in the pilot found that 75% had benefitted from participating.
Since the pilot, the charity has been working with the Banking and Payments Federation of Ireland (BPFI) on the provision of a free service and building on the learnings from the pilot. Those discussions have been successfully concluded with the signing of the funding agreement.
About the service

StepChange Debt Charity Ireland will provide advice on a range of solutions to help people deal with their whole debt problem, including informal repayment plans, mortgage restructuring and insolvency.
The current agreement provides funding for StepChange Debt Charity to offer debt advice to over 10,000 people over a three year period. The agreement is subject to review, based on levels of demand.
Mike O’Connor, Chief Executive of StepChange Debt Charity, said: “We know the impact that struggling with debt can have on family life and on a person’s physical and mental health, and we know the difference that free and independent debt advice can make.
“We exist to provide free and independent advice to people struggling with debt and we are proud to have been chosen to provide a service to people in the Republic of Ireland.”

(Source - StepChange Debt Charity Press Release)


 Forums International Ltd

Forums International Ltd

 Attendance at your first meeting is free of charge, and please quote reference 'CCR2016' to receive the special 10% discount off of your first annual subscription.

Find out more here.

latest issue

CCR Cover

The latest edition of CCR Magazine, the leading editorial publication in the UK credit industry, is out.

Read the latest issue online


CCR is the premier magazine for consumer and credit professionals. It provides an independent voice to the industry, breaking major news stories and running in-depth features.

As a magazine, it works with and campaigns on behalf of the credit industry to promote its importance as a centre of potential profit and business development to the wider business world.

Subscribe to CCR Magazine

CCR World Magazine


Providing information and analysis for thousands of senior credit professionals worldwide, every quarter.

Find out more

GTS Media Ltd
81 Cambridge Road

Registered in England No: 05483197