Joan Burton (Dublin West, Labour) | Oireachtas source

Is the Minister aware that many young people are taking up these loans to purchase what are, for them, relatively expensive cars? There are very complex regulations governing the deal and when the purchase might come into the ownership of the individual. A lot of deals can fail towards the end of the period. The fact is that the young people then could get an adverse report in terms of their credit rating, which they will carry with them for a long period. Will the Minister examine specifically the social implication? When the young people seek a mortgage later on, perhaps with their partner, they will find they have an adverse credit rating. Nothing has been done to warn them of this or to prevent it.

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