The Money Advice and Budgeting Service (MABS) is a free, independent, confidential and non- judgmental money advice and budgeting service for all members of the public.
MABS primarily works with people experiencing over-indebtedness. MABS money advisers work with clients who may have difficulties with a wide range of personal debts including personal loans, mortgages, credit card debt, catalogue debts, debts to legal moneylenders and hire purchases.
Money advisers help clients by reviewing their budgets, negotiating with their creditors and looking at opportunities to maximise their income.
Money advisers also act as Approved Intermediaries under personal insolvency legislation for clients availing of a Debt Relief Notice. MABS has always dealt with mortgage and housing related debt and this is treated as a priority debt in MABS. MABS has an additional panel of over 30 Dedicated Mortgage Arrears Advisers to work with clients on their mortgage arrears issues.
MABS acts as the gateway to advice under the Abhaile scheme, which provides vouchers for clients to see Personal Insolvency Practitioners, legal or financial advisers. In addition, MABS supports clients at all of the repossession court sittings in the country as Court Mentors.
MABS has a remit in Money Management Education by advising clients about budgeting and debt management and facilitating group talks in schools and the community in relation to money management, good saving and spending habits, sources of credit and the avoidance of over-indebtedness.