Monday 23 January 2017

Credit unions feel the squeeze, too

Published 13/09/2011 | 10:59

Over the last two years, about 70,000 people have joined the country's 409 credit unions in the hope of getting loans which they cannot obtain from the banks.

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But restrictions recently imposed by the Central Bank have reduced the flow of credit -- drastically in many cases -- and made families' struggles much more difficult.

Parents have taken their children out of third-level colleges. Others find it harder to pay utility bills. Some have resorted to moneylenders, a decision fraught with danger.

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