Oireachtas Joint and Select Committees

Thursday, 20 September 2012

Joint Oireachtas Committee on Finance, Public Expenditure and Reform

Credit Union Bill 2012: Discussion (Resumed)

11:30 am

Mr. Gerard McConville:

That is exactly right. With a credit card, even if a person's record is bad, that person can continue to raise his limit. The credit union would offer a flexi-account but the person would have to apply to the credit union to draw down on it. It is not something that could be drawn down automatically.

Comments

No comments

Log in or join to post a public comment.