I currently owe 32,000 on my two Bank of Ireland Credit Cards. At the moment I am managing to make the minimum payments, but that won't be for long. I have written to the bank outlining my budget and arrangements for payment, requesting they 'freeze' all interest to stop my debt spiralling out of control. They said they could no do that. My question is: Is it likely the Bank would put a Judgement on my property? If they did, could I be forced to sell my family home where as well as myself my two daughters also reside? If they don't or can't force a sale, what happens to the Judgement in the future? If I was able to settle in the future, might they accept a full and final settlement figure? If not when the house is eventually sold (after I die!) would the bank still want the amount of 32,000?

Before they can put a charge on your property they would have to take you to court and you would have to default on the payments.
It might be worth looking for an Irish Debt Management Company to negotiate with all of your creditors.
Here's a good place to start: You And Your Money – Ireland’s Guide to Money and Living

It's best to look for a debt company that DOESN'T charge a monthly fee as more money can be paid to your creditors that way.

I can not answer your question - you will have to wait until a legal expert from the site gets to it. But I do have a suggestion for you.

Find a way to generate some extra income... Find items around your house that you don't need or want and place them on Ebay. If you are artistic, make some kind of craft and try to sell it around the neighborhood and to friends and coworkers. Host a candle or jewelry party at your house. Find a part time job, even one day a week. Offer to babysit for children in the neighborhood. If you have the space, take on a tenant in your home.

Whatever you choose, use 100% of the money that you generate toward paying off your debt.

Since the interest rate is low, you should look to other financial institutions to borrow money to help may off your credit card debts. That way, your monthly interest burden will be reduced and more money can go to pay off your capital.

I'm not sure how you incurred such a huge debt, but you should need to rework your budget and shave off any unnecessary expenses that you have. You need to reduce the amount of money you spend and find a second job to help you increase your monthly income.

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Originally Posted by I wish

Since the interest rate is low, you should look to other financial institutions to borrow money to help may off your credit card debts. That way, your monthly interest burden will be reduced and more money can go to pay off your capital.

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I'm sorry, but I must STRONGLY disagree with this advice.
Borrowing your way out of debt is one of the most stupid things you can do.

A better idea would be to shift the balance onto a lower APR card, but to be honest if you are already having payment issue I dount there will be any available to you.

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Originally Posted by Curlyben

I'm sorry, but I must STRONGLY disagree with this advice.
Borrowing your way out of debt is one of the most stupid things you can do.

A better idea would be to shift the balance onto a lower APR card, but to be honest if you are already having payment issue I dount there will be any available to you.

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I'm not sure what you are disagreeing with because the point is to reduce the interest rate burden. Credit cards have really high interest rates. Banks loans have a much lower interest rate. If the rate is not in your favor, then don't borrow from there. Simple as that. Since you owe money anyway, there's nothing to lose except lowering the interest that you have to pay.

When you have a huge debt, you have to consider ALL the possible options out there. You need to find ways to save money anywhere you can. Like I said, if the interest of the bank debt is higher then don't borrow.