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Nolan, Derek

Wednesday, 24 April 2013

Dáil Éireann Debate
Vol. Nbr.

Credit Availability

A taxi driver in my constituency is a friend of my family. He contacted me a number of weeks ago. He had an issue with his car and needed finance to get his car repaired so he could continue goin...More Button

Another case arose in my discussion with St. Columba's Credit Union involving people who wanted to borrow money to buy a headstone for their son. They were in a similar situation, with an intere...More Button

I thank the Minister of State for the succinctness of his reply. I spent a number of years working in finance. The circular suggests it is the credit union's obligation to assess the creditworthi...More Button

Credit Availability (Continued)

By virtue of being in mortgage arrears, one is not capable of servicing all one's debts. If the circular was written in such a fashion as to give a false interpretation to the credit unions as out...More Button

I agree with the Minister of State that this statement was not ambiguous but was straightforward. However, if it is capable of such misinterpretation, it needs to be clarified urgently. Will th...More Button