Credit unions register 89 judgments

CREDIT unions are taking a more aggressive approach in pursuing those who are not paying their loans.

They are using the court route more frequently and, according to the Experian Gazette, there were 89 judgments registered by credit unions last month compared with just 43 in the same month last year.

The total amount of judgments registered jumped from €544,366 in July 2010 to €1,174,385 last month. The average judgment rose from €12,660 to €13,195.