Oireachtas Joint and Select Committees

Wednesday, 23 October 2013

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance

Credit Reporting Bill 2012: Committee Stage

2:40 pm

Photo of Pearse DohertyPearse Doherty (Donegal South West, Sinn Fein) | Oireachtas source

It will remain on the register until the credit arrangement is terminated. If I go into a bank, for example, AIB, to ask for a car loan of €20,000 over a period of three years and in that period of three years I only pay back €10,000, I will still owe the bank €10,000, but the credit arrangement will have terminated-----

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