Wednesday, April 21, 2010

What is NAMA Beag?

NAMA Beag is a LAND League-style lobby group has been set up to represent Irish householders and families impacted by the financial fallout from the banking crisis and the creation of the government 'bad bank', Nama.

The new lobby group, Nama-Beag -- the brainchild of solicitor Andrew Dillon -- was officially unveiled in Co Cork and its task will be to protect families, pensioners and small savers from home repossessions or sanctions by banks because of outstanding debts and mortgages.

Nama-Beag will initially compile a database of people facing action by banks over outstanding debts -- and will co-ordinate an advisory service with direct intervention with the financial institution on behalf of the householder if necessary.

"Unfortunately, our own Government and its developer pals have simply replaced the historical British landlord, aided and abetted by the criminal bankers. For bankers read bailiff," Mr Dillon said. "Now it is the bankers who will evict you from your home for non-payment of an iniquitous mortgage.

"One person on his own will find it virtually impossible to find the funds or to countenance taking on or defending a legal action against a large and powerful financial institution. But 10,000 people working together will, on the other hand, put the fear of God into the bank.

"Thirty thousand people working together and with their friends will bring down a government. That is strength in numbers," Mr Dillon added.

The new organisation aims to provide help for financially hit householders, and offer an advisory service for people facing action by banks over debt problems.

They also aim to support householders and taxpayers to fight unfair debt penalties or foreclosures.

As reported in Irish Independent

There is a sign up charge for this service and there is no guarantee that it will work, or that it is legal,and you could end up end up facing even bigger charges,so be careful.


There is an alternative way of ensuring you can afford to meet your monthly repayments without any risk to you or your family

Find Out Here