Hangover sets in after Celtic Tiger credit binge

Lingering personal debts will strangle cashflow and delay economic recovery, warns Christine Cullen

VISION-NET’S figures on court judgments secured by credit unions against their customers shed light on another dark corner of Ireland’s credit crunch.

With credit unions following consumers and businesses through the courts last year for over €14m — up slightly on the figure for 2011 — the battle to have debts repaid shows no signs of relenting.