Groups join forces to advise on how to beat doorstep credit

RUTHLESS moneylenders are ripping off the most vulnerable people in Irish society with expensive doorstep loans, Ireland’s leading charity warned yesterday.

The Society of St Vincent de Paul (SVP) joined forces yesterday with the Cork Chapter of Credit Unions and the Government’s Money Advice and Budgeting Service (MABS) to launch a major campaign informing people of the real cost of so-called doorstep credit and offered advice to people on how to avoid it.

The bodies have published a stark leaflet on the hidden costs of this form of credit.