{"id":394830,"date":"2026-04-12T14:23:09","date_gmt":"2026-04-12T14:23:09","guid":{"rendered":"https:\/\/www.newsbeep.com\/ie\/394830\/"},"modified":"2026-04-12T14:23:09","modified_gmt":"2026-04-12T14:23:09","slug":"how-to-avoid-the-moneylender-pitfalls-catching-out-vulnerable-borrowers-in-ireland","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ie\/394830\/","title":{"rendered":"How to avoid the moneylender pitfalls catching out vulnerable borrowers in Ireland"},"content":{"rendered":"<p class=\"indo-ebe0ecc6_root indo-ebe0ecc6_paragraph indo-91174671_secondary indo-1d70522a_marginbottom4 indo-1d70522a_marginleft0 indo-1d70522a_marginright0 indo-1d70522a_margintop4\" style=\"color:var(--color-primary-80)\" data-testid=\"title-summary\">Short\u2011term loans promise quick cash \u2013 but the true cost is often hidden behind confusing rates\n<\/p>\n<p><img decoding=\"async\" alt=\"A review by the Central Bank found that, in 2025, there were 28 moneylenders charging high-interest rates in the Irish marketplace. Photo: Getty\" src=\"https:\/\/www.newsbeep.com\/ie\/wp-content\/uploads\/2026\/04\/IB money worries.jpg\" loading=\"eager\" width=\"100%\" data-testid=\"article-image\"  \/><\/p>\n<p class=\"indo-ebe0ecc6_root indo-ebe0ecc6_caption1 indo-300db776_none indo-91174671_secondary indo-66f0fec7_regular indo-1d70522a_marginbottom0 indo-1d70522a_marginleft0 indo-1d70522a_marginright0 indo-1d70522a_margintop3 indo-b48c4984_left\" style=\"color:var(--color-grey-60)\">A review by the Central Bank found that, in 2025, there were 28 moneylenders charging high-interest rates in the Irish marketplace. Photo: Getty<\/p>\n<p class=\"indo-ebe0ecc6_root indo-ebe0ecc6_paragraph indo-300db776_none indo-91174671_primary indo-1d70522a_marginbottom0 indo-1d70522a_margintop0 indo-b48c4984_inherit\" style=\"color:var(--color-primary-80)\">Every credit card is expensive. But even banks limit the interest rates they charge, topping out at 22.9pc annual percentage rate (APR).<\/p>\n<p class=\"indo-ebe0ecc6_root indo-ebe0ecc6_paragraph indo-300db776_none indo-91174671_primary indo-1d70522a_marginbottom0 indo-1d70522a_margintop0 indo-b48c4984_inherit\" style=\"color:var(--color-primary-80)\">This is because once they hit 23pc per annum they could be classed as moneylenders, or to give them their proper name since 2022, High Cost Credit Providers (HCCP).<\/p>\n","protected":false},"excerpt":{"rendered":"Short\u2011term loans promise quick cash \u2013 but the true cost is often hidden behind confusing rates A review&hellip;\n","protected":false},"author":2,"featured_media":394831,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[61,60,43,17377],"class_list":{"0":"post-394830","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-ireland","8":"tag-ie","9":"tag-ireland","10":"tag-news","11":"tag-sinead-ryan"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/394830","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/comments?post=394830"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/394830\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media\/394831"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media?parent=394830"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/categories?post=394830"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/tags?post=394830"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}