Oireachtas Joint and Select Committees

Thursday, 4 April 2019

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach

Matters Relating to the Banking Sector: Bank of Ireland

Photo of Joan BurtonJoan Burton (Dublin West, Labour) | Oireachtas source

I ask about a couple of urban myths about the scheme. A lot of people ask me about the scheme and I try to give them some advice. One of the urban myths is that if one takes out a PCP, one can forget about being treated favourably, perhaps by Bank of Ireland but pretty much by any other bank. Someone in their late 20s or their 30s might have a very large car loan or a more modest credit union loan. A significant car loan of €30,000 does not rate that high and if credit union debts go over €5,000 or €6,000-----

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