Saturday 16 December 2017

Credit card debt crisis

THE average credit card debt in Ireland stands at €1,330, down only slightly from 2008, new figures have revealed.

Credit card debt peaked in 2008 at the height of the boom at €1,350 but this figure has dropped only marginally, according to figures supplied to an Oireachtas Committee today.

The head of statistics at the Central Bank, Joe McNeill, said tthere was a core of historic debt that was not being repaid.

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