Judgments against consumers fall 35%

There has been a reduction in the number and value of judgments against consumers indicating that there has been a stabilisation in the economy.

New figures by credit analysts Vision-net show there has been a 35% decline in the number of consumer judgments in April 2014, while the value of these judgments has also decreased by 53% compared to April of last year.

There were 331 corporate and consumer judgments awarded during April 2014, totalling €19.3m. Of these, 226 judgements worth €14.6m were awarded against consumers, amounting to an average of €64,733 per judgment.