Sharp rise in debt judgments against consumers and businesses irishtimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from irishtimes.com Daily Mail and Mail on Sunday newspapers.
Judgments against consumers and businesses down 73% Figures released by the Registry Trust also show the average values of judgments is up
about 5 hours ago
There were significant falls in the number of judgments registered against Irish consumers and businesses in the first quarter of this year, figures released by the Registry Trust show.
The number of judgments against consumers fell by 73 per cent, from 565 to just 155. The total value fell by 71 per cent, from nearly €26 million in the first quarter of 2020 to €7.6 million in the same period this year.
However, the average value of consumer judgments rose by more than 7 per cent from €45,924 to €49,223, while the median value fell by nearly 20 per cent, from €7,827 to €9,387. Fewer but larger judgments on average were taken out against consumers.
The Morning Briefing: Transfer tensions and platforms poised for change
By Sonia Rach & Daniela Esnerova 4
th February 2021 9:53 am
Good morning and welcome to your Morning Briefing for Thursday, 4 February, 2021. To get this in your inbox every morning click here.
DB Transfer D-Day
The FCA may have been slow to act, but it is really starting to kick into gear when it comes to defined benefit transfers. It has come out with a new tool for advisers to assess the suitability of their advice. Will it be a damp squib? Or will it be something of real value going forward? Our lead feature this week explores.
Last modified on Sun 20 Dec 2020 13.42 EST
Barclaycard is increasing minimum credit card payments for millions of customers in January that could almost double some bills, raising fears that struggling borrowers will come under extra pressure after Christmas, when they face the worst month for household finances.
Debt campaigners say the changes – which are being rolled out to Barclaycard’s 8 million customers next month – should be introduced gradually over time to avoid bigger bills right after the costly Christmas period.
“I agree with the general aim of increasing minimums so people can clear debt faster,” Sara Williams, the author of the Debt Camel blog, said. “But I think Barclaycard should have introduced these large increases in stages over a year, not all at once. That is going to be a big shock to many people in January.”
Irish businesses hope to grow in markets abroad in spite of Brexit
Written by Robert McHugh, on 17th Dec 2020. Posted in General
Irish businesses are optimistic about growing their market reach abroad in the coming 12 months in spite of ongoing concerns around Brexit.
This is according to a new report commisioned by Grant Thornton which surveyed 10,000 mid-market businesses globally across 29 economies, including Ireland, in in the second half of 2020. The figures are based on survey of 64 Irish businesses for Grant Thornton Ireland.
The research shows that almost a third (31%) of Irish businesses expect to grow their exports in the coming 12 months while just 9% of businesses surveyed said they expected their exports to decrease. In addition, 27% of businesses expect to grow their revenue from non-domestic markets with 16% of businesses also expecting to increase the number of non-domestic markets they sell to.