A government-backed scheme using Credit Unions to provide low-cost loans was rolled out nationwide in 2018 . These small loans with low-interest rates are known as Micro Credit. The loans are called It Makes Sense loans – and aim to provide small, low-interest loans for people on Social Welfare or State Pensions aged 18 or […]
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Some of the excessive lending that went on in the “boom” might not have happened if there had been a central register of all loans and loan applications. There was no obligation to register credit applications or agreements and there was no central comprehensive statutory register. The IMF were very keen to see a credit […]
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When people become unemployed it can be difficult to continue repaying debts such as mortgages, credit cards and personal loans. Some people just miss a payment and hope they will manage the next one. Others may look for loans to consolidate all the debts into one larger loan – but this may not be the […]
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With the announcement that Halifax are pulling out of Ireland – many of it’s credit card holders will have a problem. Halifax Ireland credit card accounts will no longer work from the end of May 2010 . You will not be able to use your Halifax credit card to purchase anything after that date. Switching […]
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Having a bad credit history can affect your future ability to obtain loans, credit cards or mortgages. In Ireland most lenders send information about borrowers and their repayments to a central agency, the Irish Credit Bureau (ICB). The ICB holds information about borrowers and their loans for 5 years after any loan is closed. This […]
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