Credit reports provide guidelines to future
It is difficult to understand how we still have to rely on legislation enacted in the Ireland of the 1920s when consumer credit was practically unknown to deal with the growing number of people experiencing financial difficulty in the Irish economy of 2003, given the explosion of credit in recent years.
Now that the credit industry is also seeking urgent change, there should be no insurmountable problem to putting in place a system that reflects our modern economy and is fair to both creditor and debtor.
