Eugene appointed to top debt management position
A SWORDS-BASED businessman has been appointed to a top position of a new organisation formed to represent the growing number of debt management companies operating in the country. Eugene McDarby, who is the managing director of Money Village, has been made chairperson of the Debt Management Association of Ireland (DMAI). The DMAI has been established to to raise standards in the sector at a time when Irish consumers owe in excess of € 180 billion and are now one of the most indebted in Europe.
It will promote best practice in the debt management industry, and to protect the interests of the public and the creditors to whom they owe money. The aim of the DMAI is to impose a code of conduct for the burgeoning number of debt advisers being set up in Ireland as the national consumer debt crisis continues to escalate. Mr McDarby said that every debt management company joining the association would be subject to a rigorous audit to ensure full compliance with the Code of Conduct.
'Clients are, by the very nature of the financial circumstances that cause them to contact debt managers, often vulnerable and in extreme circumstances.
