HI,WELCOME TO IMS FINANCIAL'S DEBT MANAGEMENT WEBSITE

KILKENNY CLONMEL & GALWAY

Our process is designed to identify a committed solution to a range of debt problems through an active lender/creditor engagement process.
We provide guidance and oversee plans to improve your position in negotiations with your creditor/banks.

ABOUT IMS DEBT NEGOTIATORS


IMS Debt Management has offices in

Clonmel Galway & Kilkenny


We, at IMS, advise on the options to be considered now and into the future, to facilitate a possible re-structuring of your bank debt / adjustment in your personal liability.
We consider potential workout solutions, to include possible re-financing; introduction of new equity (if available), joint ventures, or disposal of assets.

With your written consent, communicate with all third parties on your behalf, where appropriate to negotiate and discuss your outstanding credit facilities and all other associated matters.

IMS Debt Management provide a confidential, efficient and competitive service. It is provided at a time and place convenient to our clients, either in our offices in Kilkenny Clonmel & Galway or by appointment outside of our office. Contact us today.

OUR DEBT MANAGEMENT PROCESS

As a Debt Management Firm our employees are qualified and experienced in dealing with customers experiencing financial difficulty. We have a clear fee structure and are fully regulated by the Central Bank of Ireland.

We follow a defined process that takes account of 

Consumer Protection Code [CPC]

Mortgage Arrears Resolution Process [MARP]

Code of Conduct on Mortgage Arrears[CCMA]

Standard Financial Statements [SFS] Completion

Code of Conduct for Business Lending for Small to Medium Enterprises [SME]

We have adopted a 4 step process that is clearly defined and has assisted customers in negotiating restructured agreements.



OUR 4 STEP PROCESS


Step 1 - Initial Consultation Meeting
This involves a 'Face to Face' meeting with one of our qualified debt advisers, a thorough fact finding process is followed. We obtain an accurate picture of the customers financial position. This is essential as we cannot give appropriate advice without this information. Details such as assets, liabilities, income & expenditure, current & past financial history are discussed. The level of both consumer and non-consumer debt is also established.

Prior to the provision of any advice we will provide you with a statutory 'What you should know' letter. This document clearly sets out our fees. At this stage a fee will be paid. This fee will be advised in advance of any consultation. Advice will only be provided upon return of signed 'What you should know' letter

Step 2 - Assessment

If you decide you want to proceed with us to assess your options in full .We will provide you with, our Debt Management Assessment pack ,a checklist of what we will need, and a Letter of Authority to enable us to engage with Third parties to obtain or provide information where required. This must be completed in full, signed and returned to us with supporting documentation. We will issue you a Statement of Advice and we will contact you to discuss the assessment outcome.

Step 3 - Creditor Negotiation Stage

Once Creditor Proposals are completed we will then make contact with Creditors with a view to engaging in an open & transparent negotiation between all parties in the expectation of achieving an agreement between all concerned. We primarily negotiate with a view to obtaining a long term sustainable agreement

Step 4 - Conclusion

Once final proposals have been agreed between all parties we will outline in writing reasons why this is the best possible outcome for all involved. Some agreements require a trial period & it is recommended that our services are retained until completion of any such period.

OUR DEBT SERVICES

With over 55yrs+ combined experience we offer a wide range of services to suit your individual needs. Scroll down for list.

FAMILY HOME | BUY TO LET

We provide mortgage and debt restructuring services and ensure our customers are in a position to avail of the very latest debt restructuring options. Options considered can include...


Short-Term Arrangements

  • Payment Holidays
  • Interest Only Facility
  • Agreed Reduced Payments
  • Temporary Interest Rate Reduction

Long-Term Arrangements

  • Split Mortgage [ also known as Mortgage Warehousing ]
  • Trading Down/ Negative Equity Mortgage
  • Voluntary Sale [ Handing back your keys ]
  • Permanent Interest Rate Reduction
  • Debt Write Off [ either partial or full ]
  • Arrears Capitalisation
  • Mortgage to Rent
  • Term Extension

Please be aware that not all options set out above are offered by all lenders. Under Code of Conduct on Mortgage Arrears Lenders "must explore all of the options for alternative repayment arrangement offered by that Lender"

Please review our 4 step process to assist you with your debt negotiation.

BUSINESS DEBT SOLUTIONS

The Central Bank of Ireland's revised code of conduct for business lending to small & medium enterprises, otherwise known as SME code became effective from June 2012.


The code outlines the regulatory requirements which lenders engaging with micro enterprises in financial difficulty must adhere to.


The code applies to

  • Loans
  • Leasing
  • Overdrafts
  • Term Loans
  • Hire Purchase


A borrower is classified as in financial difficulty where


1) The borrowers credit facility is in arrears for 3 consecutive months.


2) In the case of an overdraft facility, where the approved limit on the facility is exceeded by the borrower and remains exceeded for 90 consecutive days and there has been no engagement with the borrower.


Common alternative repayment solutions offered by the regulated entity include ( but not limited to )

  • Overdraft/ Stocking Loan Restructure
  • Debt Write Off [either partial or full]
  • Capitalise Arrears
  • Warehouse Loan
  • Interest Roll Up
  • Term Extension
  • Interest Only

Please note we do not provide advice on Examiner-ship, Receivership or Liquidation to our Customers.

Please review our 4 step process to assist you with your debt negotiation.

COMMERCIAL MORTGAGES

Commercial Mortgage problems typically arise where the borrower has not anticipated or prepared for an event and now faces difficulty in repaying the mortgage. IMS provide a consultancy and restructuring service to business borrowers that considers both short term repayment options and also longer term restructuring solution.


Options considered can include


  • Payment Holidays
  • Interest Only Facility
  • Agreed Reduced Payments
  • Temporary Interest Rate Reduction


  • Split Mortgage [ also known as Mortgage Warehousing ]
  • Trading Down/ Negative Equity Mortgage
  • Voluntary Sale [ Handing back your keys ]
  • Permanent Interest Rate Reduction
  • Debt Write Off [ either partial or full ]
  • Arrears Capitalisation
  • Mortgage to Rent
  • Term Extension


Please be aware that not all options set out above are offered by all lenders. Under Code of Conduct on Mortgage Arrears Lenders "must explore all of the options for alternative repayment arrangement offered by that Lender"

Please review our 4 step process to assist you with your debt negotiation.

REGULATORY INFORMATION

Debt Assessment pack

Please note IMS is required to have all clients who may wishes to avail of our Debt Assessment Pack provide their Name, Contact Number and email address. For a Assessment Pack or more information please contact us on 056-7756122 or through the contact form below

SECTION 13.2 DOCUMENT

FEE STRUCTURE
As set out by Section 13.2 of the Consumer Protection Code 2015 we as a debt management firm will only provide debt management services to a consumer once the consumer has signed an agreement.

AUTHORISATION LETTER

THIRD PARTY
In order for IMS Financial Debt Management to assist in your debt restructuring we require a signed Third Party Authorisation. This will allow us to negotiate with your debtors on your behalf.

STANDARD FINANCIAL STATEMENT

FINANCIAL STATUS REPORT
In order to assist IMS please download and complete a Standard Financial Statement. This is used to give an overall picture of your current financial status.

CENTRAL BANK AUTHORISATION

SECTION 31(1)
IMS Financial Services Limited is Hereby authorised by the Central Bank of Ireland under Section 31(1) of the CBA 1997 to provide the services of a debt management firm. A copy of which can be viewed by clicking the link below.

CONTACT DEBT NEGOTIATORS

Drop us a line and see how we can help

Clonmel Co.Tipperary:

9 Sarsfield St Clonmel 052-6121471Email Clonmel Office

Galway       Co.Galway:

200 Upper Salthill Road Galway091 395232Email Galway Office

Kilkenny  Co.Kilkenny:

5 Ormonde Rd Kilkenny 056-7756122Email Kilkenny Office