JOHN BROWNE T.D. encourages use of Money Advice and Budgeting Service

John Browne T.D. today encouraged people who are in financial difficulties to contact their local Money Advice and Budgeting Service (MABS) office, or to contact the national MABS helpline number 1890 283438.

Mr. Browne said: “One of the worst things for people who are struggling to manage their finances is the anxiety that they have no-one to turn to for help. MABS offers a very good service, providing confidential advice to those who are over-indebted to help them cope with their debt problems. The MABS money advisors help clients to assess their financial situation, make a budget plan and deal with creditors.”

Deputy Browne added: “When people have problems with money they can feel at their most vulnerable and alone. It is important that they are aware that MABS provides free advice and guidance to deal with problems of indebtedness and MABS can help them manage their money. This free service is of great assistance to people who are in difficulties trying to deal with their day-to-day bills.”

In the period January to April 2010 a total of 7,300 new clients have been seen by MABS which would indicate that the number of clients is broadly in line with the figures for 2009. In addition the MABS helpline has dealt some 47,500 calls since its launch in October 2007. Some 10,000 calls have been dealt with to date this year.

From first point of contact to first appointment with a money advisor the average waiting time is currently just over 4 weeks. This is the average nationally. During the waiting period, clients are assessed and those in need of immediate assistance are given a priority appointment. Others are provided with assisted self-help to ensure that they have taken steps to assess their situation and if appropriate, they are supported to take holding action with their creditors.

The Money Advice and Budgeting Service can be accessed in three ways:

Through 51 MABS companies around the country which provide a face-to face service;

the MABS website 'www.mabs.ie' which offers an online money management facility and

the MABS national Helpline 1890 283438 (or 1890 BUDGET) which aims to provide ease of access to MABS support for those experiencing debt problems.

The contact information for local MABS offices around the country is also available on 'www.mabs.ie'