14 November 2012
Avoid ‘cash for gold’ firms cashing in on Christmas crisis
'At interest rates at times in excess of 200% it is nothing short of loan sharking.'
PEOPLE under pressure for money for Christmas have been urged by Sinn Féin Enterprise Committee member Maeve McLaughlin MLA to try and avoid ‘Pay Day Loan’ or ‘Cash for Gold’ firms.
These lenders are obviously targeting families on low incomes or benefits. Maeve McLaughlin says:
“At interest rates at times in excess of 200% it is nothing short of loan sharking.”
But because the Assembly does not have fiscal powers – which Sinn Féin are trying to wrest from Westminster – there is little that MLAs can do, she said, except warn the public and urge them to join their credit unions or contact their local budgeting advice support service.
In the meantime, the Foyle MLA has urged the Consumer Council to look into the issue of exorbitant interest rates with a view to lobbying the Financial Services Authority to impose a cap on rates.
If people feel they have no option but to go to these lenders, then they should read the small print to have a clear idea of exactly how much they will have to pay back and the penalties if they do not pay back on time.
2014 – A YEAR OF CHANGE
Sinn Féin is in government in the North and is a major political party in the Dáil and in local government across this island.
We are the only all-Ireland political party and with each passing day our membership is increasing, our organisational capacity is improving, and we are presenting realistic alternative policies to meet the needs of 21st century Ireland.
On May 22nd and May 23rd, more than 350 men and women will be standing for Sinn Féin in the European and local government elections, north and south.
For those who reject austerity and want a different future, a better future; who want hope for themselves and for their families; who want jobs and prosperity; and who want a real republic on this island – Sinn Féin is that future.
Make 2014 a year of change.
If you want a new future – a New Republic – help Sinn Féin in our fundraising efforts by contributing to our election campaign.
Thank you for whatever you can afford.
Lánaigí libh agus beirigí bua!
Gerry Adams TD
Fascinating insights into
Irish revolutionary history
for you to read online
Every week over the next two years, An Phoblacht is making all the editions of The Irish Volunteer – the newspaper of the Irish Volunteer movement – available online exactly 100 years after they were first published
The Irish Volunteer — tOglác na hÉireann was first published on 7 February 1914 and every week until 22 April 1916, just days before the Easter Rising.
Acting as the official newspaper of the Irish Volunteers it outlined the political views of the leadership and reported on the and important events, such as the Howth Gun Running of 1914.
Included in its pages alongside political opinions and news reports are various advertisements for such items as revolvers, bandoliers and military uniforms from stockists across Ireland.
You can now read these fascinating insights into Irish revolutionary history with an online subscription to An Phoblacht for just €10 per year. This includes a digital copy of each new edition of the paper and Iris magazine, access to our digitised historic archives as well as copies of The Irish Volunteer.
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