A government-backed scheme to provide low-cost loans from Credit Unions was launched in 2018 .The loans are called It Makes Sense loans – and they provide small, low-interest loans for people on Social Welfare or State Pensions. Avoid Moneylenders if Possible The banks don’t normally lend money to people whose only income is social welfare […]
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Checking credit scores or ratings seems to be a big thing in the UK – with several firms regularly advertising apps offering to check your credit score for free. Some of the UK companies include Experian , Equifax, Credit Karma and ClearScore. There used to be two possible ways to check your credit rating in […]
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Original Artice From 2014 – Updated in 2017 and 2019 to take account of legislation changes. The issue of mis-sold payment protection insurance (PPI) was very widespread in the UK and it looks like the banks also tried to make easy profits from it here in Ireland. Note: The UK Financial Conduct Authority set a […]
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For small loans – two Irish lenders are still far cheaper than the rest of the competition. On a loan of €3500 over 12 months the rate from Bank of Ireland is 8.5% APR – with monhtly repayments of €304.76 and a total interest payment of €157.12 The next best rate to that is from […]
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The Government have launched the Agriculture Cashflow Support Loan Scheme which will make €150 million available to farmers throughout Ireland in he form of low interest rate loans at 2.95%. It is funded by the Strategic Banking Corporation of Ireland (SBCI), and supported by €25 million from the Department of Agriculture which includes €11 million […]
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