War on loan sharks launched

Credit unions launched an offensive today against rogue loan sharks preying on the vulnerable over the months in the run-up to Christmas.

War on loan sharks launched
Wed, 19 Sep, 2007 - 15:10

Credit unions launched an offensive today against rogue loan sharks preying on the vulnerable over the months in the run-up to Christmas.

The Irish League of Credit Unions (ILCU) warned that some lenders were legally charging almost 200% interest on borrowings while illegal lenders were charging much more.

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CourtsHeathrowPerson: presidentPerson: Uel AdairPerson: Social and Family Affairs MinisterPerson: Martin CullenPerson: AdairEvent: ChristmasOrganisation: Credit UnionsOrganisation: Irish League of Credit UnionsOrganisation: ILCUOrganisation: Money Advice and Budgeting ServiceOrganisation: MABSOrganisation: University College CorkOrganisation: Centre for Co-operative Studies
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