Many unaware of cost of credit

ALMOST half of all bank customers are worried about their level of debt but many show a shocking ignorance of the cost of borrowing.

The vast majority of the people questioned also believe that Irish people are in danger of borrowing too much, according to a survey carried out by The Money Show.

The survey was conducted in February of this year to assess consumer needs in the run up to the expiry of SSIAs and to measure changes in behaviour and attitudes towards personal finance issues.