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    Moneylenders

    Moneylenders

    We know that today over 360,000 people in Ireland are using legal moneylenders, rather than banks or credit unions, to get loans, with some of those lenders able to charge interest rates of up to 290% a year. The lenders are licenced by the Central Bank, with the majority of borrowing in this area being used to pay for family events or domestic bills. Brian O’Connell has been speaking to some people who have availed of loans from moneylenders, and he has also gotten the views of one legal moneylender.

    http://www.rte.ie/radio1/today-with-sean-o-rourke/programmes/2013/1115/486827-today-with-sean-o-rourke-friday-15-november-2013/?clipid=1355682

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