SVP slams moneylender for gift vouchers instead of cash

The Society of St Vincent de Paul (SVP) has expressed concern at a new selling tactic by a moneylending company, which is offering One4all gift vouchers instead of cash.

SVP said said people who buy these vouchers from Provident Personal Credit, the largest regulated moneylending company operating in Ireland, pay high rates of interest for a product they cannot use in all shops or services.