People in mortgage debt urged to seek help quickly

Hundreds of thousands of people struggling to pay their mortgage have been advised to seek help rather than face a debt mountain alone.

With over 100,000 people in Ireland in arrears of 90 days, chief executive of the Irish Brokers Association Ciarán Phelan said that with the Government unable to provide a solution to the crisis, it was important that those struggling realise they are not on their own.

“You can’t get blood from a stone even if you threaten that stone with legal action,” he said.