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Moneylender "Regulated by the Central Bank of Ireland"

RangeR · 2012-07-05 11:20:18

Hey, Not sure if I can name the company, so I won't. I just got a leaflet in the door from a money lender. The local agent can offer a loan up to €500 by just ringing his mobile number. They are regulated by Central bank and a CCA member. Now, I have NO intention of going to these people, but there are a lot of people out…

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05-07-2012 12:20pm

#1

RangeR

Registered Users Posts: 7,265 ✭✭✭

Join Date: November 2004

Posts: 6862

Hey,

Not sure if I can name the company, so I won't.

I just got a leaflet in the door from a money lender. The local agent can offer a loan up to €500 by just ringing his mobile number.

They are regulated by Central bank and a CCA member.

Now, I have NO intention of going to these people, but there are a lot of people out there who are in a bad way and would jump at this opportunity.

Is there any way, short of ringing The Central Bank, of verifying if an personal credit company is regulated by them or not?

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#2 05-07-2012 12:24pm
RangeR

Registered Users Posts: 7,265 ✭✭✭

Join Date: November 2004

Posts: 6862

Sorry, never mind. I found it. They are legitimate scum charging from 143% up to 187% APR. Shocking

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