'I still owe half of it' - Number of personal and car loans surge in 2023

The value and volume of personal loans and car loans surged by 40% according to the Banking & Payments Federation Ireland. But what is the real reason for this? Is it consumer confidence? A stabilisation in high interest rates, or people just don’t have money in their back pocket because of the cost of living crisis? Henry McKean joined Kieran with this report...

Share this article

17.02 9 Feb 2024

'I still owe half of it' - Number of personal and car loans surge in 2023

Listen to this episode

The Hard Shoulder

Share this article

17.02 9 Feb 2024

The value and volume of personal loans and car loans surged by 40% according to the Banking & Payments Federation Ireland.

But what is the real reason for this? Is it consumer confidence? A stabilisation in high interest rates, or people just don’t have money in their back pocket because of the cost of living crisis?

Henry McKean joined Kieran with this report...