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  1. 2

    Why do people open credit union accounts?

    They were all liquidated. I wouldn't exactly call them bail-outs.
  2. 2

    Central Bank consultation on updating the Consumer Protection Code

    Are you saying that the CBI was intentionally facilitating banks in manipulating tracker mortgages to minimise losses?
  3. 2

    Pronouns - can an employer insist that you use them, in an auto-signature?

    This is exactly the issue, you're trying to police speech because it might hurt someone's feelings. Authoritarian & chilling. That's fine, if that's all that was happening. However, when the government starts referring to "pregnant people" and introduces hate speech laws on foot of all this...
  4. 2

    Islamic finance and buying a home

    You probably don't need to worry about borrowing money & paying interest when you're worth €20bn.
  5. 2

    Anyone else getting e-mails from Facebook about unauthorised access attempts?

    Yep, I've been getting these. Assume it arises from some data breach where our email addresses and passwords for another website have been leaked and the scammers are just chancing their arm?
  6. 2

    ‘Sorry you lost the money’: Couple loses thousands of euro of wedding savings in Revolut ‘ordeal’

    OK, so I use Revolut daily & wasn't aware of these controls. It's probably fair to say that they have the best tools to guard against fraud so. I would say there's a fairly limited awareness of all those things though and that you are far more likely to be victim to a scam via Revolut in spite...
  7. 2

    ‘Sorry you lost the money’: Couple loses thousands of euro of wedding savings in Revolut ‘ordeal’

    I don't think people understand just how bad Revolut are when these sort of things happen so I feel for the OP. The reality is that it's much easier to get scammed on there and not have a favourable resolution. I think it's the nature of the fact that it's exclusively accessed via an app and...
  8. 2

    Leaving Ireland to avoid Debt

    @Tomo You'd have to go to Dublin to sit 8 exams. It'd cost a total of €840 and whatever the price of public transport to Dublin is. You're doing nothing at the moment so if you were motivated enough you could sit 2 or 3 of them in March and possibly finish them by the next sitting. It would...
  9. 2

    Leaving Ireland to avoid Debt

    The days of having to know people in law are gone unless you want to become a barrister. With a law and taxation degree you should be able to get a corporate law job. Have you completed your FE1s?
  10. 2

    Leaving Ireland to avoid Debt

    I would suggest that you have come to the wrong place to seek advice on how to purposefully renege on debt that you willingly took on. It's the rest of us that pay for it.
  11. 2

    BOI refused car finance

    How much are you actually saving though? Are you saving the proposed repayment at a minimum? If not, with your CCR and lifestyle you are going to find it hard to get a loan. You say you can more than afford it but if you're not showing this to be the case in reality it won't work. This would...
  12. 2

    President Higgins signs the Credit Union (Amendment) Bill 2022

    I don't think that they developed it on their own and am aware it was a collaboration. It would have cost a huge amount of money to develop a current account solution so even with the burden shared each founding CU would have had a huge bill. Even if they did it for free they still only have 6%...
  13. 2

    President Higgins signs the Credit Union (Amendment) Bill 2022

    I don't understand what you're trying to say here? The legal process for a mortgage is fairly cumbersome and costly and that's just one part of the process. OK, that might generally be the case but I'm sure there are plenty of credit unions that do have large local employers or exposures to...
  14. 2

    President Higgins signs the Credit Union (Amendment) Bill 2022

    Nobody said it is rocket science but it is a considerably longer process. I'm also not sure it pays above the investment alternative in the current interest rate environment, credit unions are probably getting a better margin on their longer term investments now than they are on mortgages. I'm...
  15. 2

    President Higgins signs the Credit Union (Amendment) Bill 2022

    OK, so I can see how it's beneficial in the mortgage space. Say you have 3 credit unions based in Dún Laoghaire-Rathdown where the median house price is €630k but where none of the credit unions have the risk appetite for such a big loan, each of them could advance a loan of €210k (or whatever...
  16. 2

    President Higgins signs the Credit Union (Amendment) Bill 2022

    Not really sure there's much of a revolution to be ignited by any of that to be honest. The sharing a loans between credit unions is somewhat interesting and should allow for better loan concentration risk management but outside of that what's really going to change? I can also see some merit...
  17. 2

    President Higgins signs the Credit Union (Amendment) Bill 2022

    It might not be a requirement but loads of credit unions have specific products doing this.
  18. 2

    Can't afford family home - should I invest instead?

    Except for the fact that a credit union can't issue a personal loan to fund the purchase of a property. I'm sure some do in practice but their regulations prevent it, which seems mad where the LTV might be 25%/
  19. 2

    Financial Order of Operations and Dave Ramsey

    Do we have anyone like Ramsey in Ireland? I find his show fairly entertaining. It also really opened my eyes to how rich a lot of Americans are. I know it's a bad sample but it seems everyone in Middletown USA working a job that would get you maybe €60/70k in Ireland is on $150k. They also LOVE...
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