Oireachtas Joint and Select Committees

Thursday, 5 September 2013

Joint Oireachtas Committee on Finance, Public Expenditure and Reform

Overview of Financial Sector: Discussion with Permanent TSB

11:20 am

Photo of Arthur SpringArthur Spring (Kerry North-West Limerick, Labour) | Oireachtas source

I thank Mr. Groarke. They are two fantastic figures, although we had a struggle to get them.

Some people have been advised that their interest-only repayments on loans can be pushed out further. However, they have not been made aware that the Irish Credit Bureau has subsequently made PTSB aware that this will result in their having an M rating, which means that they may not be able to access car loans, credit cards and so on. Why are customers not being made aware of this? I have evidence before me in respect of one institution that is not educating people about this.

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