The full extent of Ireland’s personal debt problems will be revealed later – when the Central Bank publishes figures on the number of people struggling to re-pay their mortgage.
The statistics are expected to show a dramatic rise in the number of home-owners in mortgage arrears.
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Yesterday, the Social Protection Minister Joan Burton urged all lending institutions to do more to help their customers who are having difficulty re-paying their debts.
The Society of the St. Vincent De Paul says it’s seen a huge increase in recent months in the number of people struggling to feed their families – as most of their income is used to re-pay their mortgage.
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