Submissions by topics "Should Ireland prohibit such advertising as described above?"
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The CCPC does not see the need to prohibit advertisements that highlight the ease or speed which credit can be obtained. Neither should there be an outright ban on the advertising...
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No. Consumers should have the freedom to prioritise what matters most to them in making credit decisions. While interest rates are an important consideration, they are not always the only factor...
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No. The “ease and speed” which the credit is obtained can be at the request and benefit of the borrower and Credit Unions provide a quick turnaround for credit applications. It should be noted that...
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No. Reference to the “ease and speed” of accessing credit would seem to imply that the product poses a higher risk or that access is based on an unsound credit decision. It is important to note...
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No. Ease or speed could be an underlying factor required or sought by a borrower. Consumers should have the right to choose what is important to them when considering a credit product. When it...
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No advertising should not be prohibited. However, there should be rules in place regarding such advertising specific to each risk, to ensure that it is not misleading.
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