Home Payments Ltd has stopped trading. They provided budgeting and bill pay service since 1963.
Customers would use them to help manage their money and forward on payments for bills, they also provided savings services. The company stated that the fall in property value had badly affected properties it invested in and they were taking this step to protect their customers deposits.
The National Consumer Agency has urged their customers to cancel any direct debits they had with the company. They also took the opportunity to call for the regulation of the private budgeting industry.
I spoke about this back in May:
For a lot of people however they may feel overwhelmed with their situation, they don't even know where to start to put themselves on the path to recovery. Luckily there is an agency which can help you, the Money Advice and Budgeting Service will help you take control again. They will budget your money, work out a payment plan for your debts/utility bills and there is no cost involved.
Contact them http://www.mabs.ie/ and they will schedule a meeting for you. As you can imagine they are extraordinarily busy at the moment and you may need to wait a few weeks but it will be worth it. There are a number of private budgeting services who promise to renegotiate your debt but please tread carefully, they do charge fees.
FS
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