A bank official in Co Wicklow reprimanded a troubled mortgage holder for shopping in Tesco instead of Lidl, according to an extraordinary claim by TD Stephen Donnelly today.
Donnelly, elected as an Independent in the Wicklow constituency last year, has written a column for the Sunday Independent on Ireland's economic woes and the part played by the bailed-out banks in the day-to-day financial problems of the country's embattled population.
His article contained the extraordinary claim that one of his constituents was given a slap on the wrist by an official of an unnamed bank for failing to change their grocery shopping habits.
He wrote, "The banks have vast financial and legal resources which borrowers do not. They also have the law. The law says that your bank can repossess your house when you fall into arrears, and that a judge cannot take into account any mitigating circumstances. It says that your bank can move to bankrupt you for a debt as low as €1900.
"Your bank can extract every last penny from you. The ones I have asked, including AIB and Bank of Ireland, have no guidelines in place for what they will leave you with, for what qualifies as a 'reasonable standard of living'.
"One Wicklow local I spoke to recently was chastised by a bank official who spotted a bill for shopping which had been done in Tesco when there was a Lidl nearby."
With one in 12 mortgage holders in arrears of three months or more, and little immediate
Donnelly, elected as an Independent in the Wicklow constituency last year, has written a column for the Sunday Independent on Ireland's economic woes and the part played by the bailed-out banks in the day-to-day financial problems of the country's embattled population.
His article contained the extraordinary claim that one of his constituents was given a slap on the wrist by an official of an unnamed bank for failing to change their grocery shopping habits.
He wrote, "The banks have vast financial and legal resources which borrowers do not. They also have the law. The law says that your bank can repossess your house when you fall into arrears, and that a judge cannot take into account any mitigating circumstances. It says that your bank can move to bankrupt you for a debt as low as €1900.
"Your bank can extract every last penny from you. The ones I have asked, including AIB and Bank of Ireland, have no guidelines in place for what they will leave you with, for what qualifies as a 'reasonable standard of living'.
"One Wicklow local I spoke to recently was chastised by a bank official who spotted a bill for shopping which had been done in Tesco when there was a Lidl nearby."
With one in 12 mortgage holders in arrears of three months or more, and little immediate
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