Terence Flanagan
Question:73 Deputy Terence Flanagan asked the Minister for Finance the amount of credit card debt here; his plans to deal with same; and if he will make a statement on the matter. [6072/12]
View answerThursday, 2 February 2012
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Written answers
I am advised by the Central Bank that the outstanding indebtedness on credit cards at end November 2011 was €2.730 billion. This figure is comprised of €2.587 billion debt on personal cards and €143 billion on business cards. The Bank has also advised me that the overall level of indebtedness has been decreasing steadily since August 2010. I have no plans to propose to Government to introduce legislation on credit card debt.