1,000 adults responded to this online survey. *All findings references are contained in a national study commissioned by the Irish League of Credit Unions, and carried out by independent research company, i-Reach Insights, in December 2018. If you have any questions or queries, please don’t hesitate to contact us on 094 9022969, email us at or drop into any of our branches in Achill, Balla, Ballyhaunis or Castlebar. The Central Credit Register in the Republic of Ireland is a centralised system which stores information on all loans of €500 or more, including credit cards and even overdrafts. This can be a major red flag to potential future lenders if/when you need to borrow for a mortgage, car etc. If you can’t complete tip number 1, ensure you pay the minimum repayment in full and on time every month.Wipe your Credit Card balance in full and on time every month.So at the very least, credit card users should get to grips with how their credit card works.*ģ Quickfire Tips to tackle your Credit Card Indeed, only 11% of credit card users in Ireland say they plan on binning the card in 2019. However, credit cards have always been hugely popular so, for the majority this is unlikely to happen. The best course of action is to clear the balance in full, bin the card and be done with it. CWS offers management expertise across the credit spectrum and supports both MasterCard and Visa accounts as well as a variety of private label debit, credit. This can throw their household budget out of whack and ensure they remain in a cycle of unnecessary debt. CardWorks Servicing ('CWS') is one of the largest privately-held provider of outsourcing services for bankcard-related products to banks and non-bank lenders in North America. The reality with this lack of knowledge is that people will end up paying more than they anticipate when they use their credit card, as they are not factoring in the – often hefty – interest charged. 40% actually said they didn’t pay any interest! Just over a quarter correctly said they paid interest on the full balance from date of transaction to date of payment, as well as interest on the outstanding balance. When the four in ten who said they knew what interest rate they were paying were asked about how the interest worked, there were a lot of incorrect assumptions. The study also revealed a worrying lack of knowledge around how credit card interest is applied. Knowledge of credit card, consumer lending or merchant acquiring related business is a plus We are an equal opportunity employer. When in reality, credit card interest in the Irish market typically ranges from 13% to 23%. Even among those in the survey who said they do know what interest they were paying, the results proved differently.įor example, a significant 20% who said they were aware of the interest rate thought they only paid between 6% and 10%. Research has revealed that although more than half of the population in Ireland owns a credit card, a whopping six in ten have no idea what interest rate they are paying. Anti-Money Laundering (AML) and Member Records Updates. General Data Protection Regulation (GDPR).Online Loan Appointment Booking Calendar.See Win 98 and Win 2000 to download software compatible with earlier versions of Windows.Export to a high resolution PDF and take to a printer.Print with crop marks to easily trim cards to size.Templates include bleed to ensure colors go all the way to the edge of the card when cut.Add a company logo, employee photo or other user picture (supports many formats including jpg, gif, tiff, bmp and png).Store names and addresses for multiple businesses.Create single- or double-sided business cards.All standard business card and paper sizes supported.Download additional free business card template designs.Our mission is to delight our consumer and commercial customers and to empower underserved consumers to achieve their credit goals. Wide selection of business card templates included Merrick Bank is a consumer lender and merchant acquirer, and a people-centric, compliance-focused organization enabled by data and technology.If you will be using CardWorks business card software at home you can download the free version here. A free version is available for non-commercial use.
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