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'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...

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17.02 9 Feb 2024

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

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The Hard Shoulder

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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...