Ireland’s Guide To Money And Living

Consumer watch

Payday Loan David Castillo DominiciYou know the ads. They’re generally upbeat, featuring people who require immediate loans to dig them out of whatever situation they’ve found themselves in, yet appear to be unbelievably happy about the short terms and high interest loans they’re about to receive.

According to the Irish Independent, while the UK moved last week to put caps on these spiraling interest rates, the Central Bank has in fact discouraged such businesses from setting up shop in Ireland in the first place.

Meanwhile, Fiona Redden of the Irish Times reminds us that the deadline for paying the property tax is almost upon us once again. People living in 14 areas should note that, if they are paying their property tax, the rate in these locations will fall as a result of reductions between 1.5 and 15%.

Revenue Commissioners began the process of sending letters late last month to those who paid by direct debit/debit card/cash/cheque or postal order. Anyone who opted for the deduction method at the source won’t get a letter – this payment method will simply be used again for 2015.

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