Last month, the Irish Financial Services Regulatory Authority (IFSRA) issued a warning to Irish motorists to avoid hire-purchase agreements in which they were not fully aware of all the terms and conditions.
IFSRA consumer director Mary O'Dea said many Irish motorists did not understand how hire-purchase (HP) agreements worked. “People often purchase these financial products based on the convenience of arranging credit where they buy their car,” said O'Dea. “We have had calls from people...
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