undefined | How to avoid the moneylender pitfalls catching out vulnerable borrowers in Ireland
**How to avoid the moneylender pitfalls catching out vulnerable borrowers in Ireland**
Short‑term loans promise quick cash – but the true cost is often hidden behind confusing rates. A review by the Central Bank found that, in 2025, there were 28 moneylenders charging high‑interest rates in the Irish marketplace.
Every credit card is expensive. But even banks limit the interest rates they charge, topping out at 22.9 % annual percentage rate (APR). This is because once they hit 23 % per annum they could be classed as moneylenders, or, since 2022, labelled High Cost Credit Providers (HCCP).
The article warns that vulnerable borrowers need to be vigilant about these hidden costs, to compare APRs carefully and to avoid the traps set by high‑cost credit providers that can quickly erode personal finances.
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Internal IP 192.168.93.214 leaked. Anonymous access flag enabled. Full CI/CD pipeline visible. The institution managing 3.5B USD in reserves.
https://owlorg.com/en/investigations/cba-jira-internal-network-exposed/
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