We know that some of our customers are experiencing financial difficulties and may be worried about managing their finances.
It is important not to ignore the signs that indicate financial problems and that you contact Pepper Asset Servicing to discuss your concerns.
If you would like to discuss your arrears situation with us, set up a repayment schedule or if you have any questions please call Pepper Asset Servicing on 1890 818 796 (or +353 61 705 910 if outside the Republic of Ireland).
There are also other support options open to you.
Hints and Tips for dealing with your Income and Expenditure
Where does your money go?
When you examine your monthly income and expenditure carefully, you can discover a lot about where your money actually goes.
Your spending diary
A spending diary is a simple way to keep track of your day-to-day expenses. When you keep a spending diary for a number of weeks, you become more aware of where your money is actually being spent. This diary may highlight areas where you can cut back on luxuries in order to save or where you could possibly get better value for the money you are spending.
Keep a detailed record, for the period of a month, of your daily expenses – loan repayments, credit card repayments, child care, bills, incidentals, shopping, transport and anything else that you spend.
Record also your major annual expenses such as health and home insurance, car tax and insurance, and other car or household maintenance costs that may not be reflected in your monthly spending analysis. Divide the total amount by 12 to get a monthly figure.
Record all your sources of income, after tax and VAT have been deducted. Again, work out the average that you earn per month.
If your total monthly spend exceeds your income, then it is time to make adjustments to your spending.
When you record your daily expenditure in your spending diary, you can summarise the outgoings into a Weekly / Monthly Budget Planner. Use our Budget Calculator to estimate your monthly income and outgoings. This will help you to work out how much you have to spend and save.
Essential and non-essential spending
You will find that some of your spending is absolutely essential – mortgage or rent, loan repayments, credit card repayments, transport to work, childcare, and food, for example. Then there is the non-essential spending. These are the items that you could live without such as takeaway food, luxury goods, impulse purchases and expensive entertainment and leisure activities.
Essential items: Circle the monthly expenses that are absolutely essential and cannot be done without. Consider that while these expenses may be essential, there may be ways that you can reduce these bills.
Non-essential items: Now look at the outgoings that are non-essential. Remember that this is the expenditure that you could live without. Compare the opportunity cost of spending that money to other options that are available to you.
All fees and charges are explained in our Clear and Simple brochure but below we have outlined the fees and charges that you may be charged should your account go into arrears.
||Late payment €8.50|