“They’re for poor people” I hear you say! Well, no they’re not. When you have a good, strong credit rating or score in the US or the UK, institutions will lend money to you at a cheaper rate. However in Ireland, everyone receives the same interest rates, at a very high level, due to the failure of those who do not repay their loans. People are not repaying their mortgages and the rest of us must suffer.

We have no ratings (except bad ones) as the banks didn’t feel obliged in sending data to the Irish Credit bureau. Why? That would mean we were free to shop around for credit and all that money they spent trapping you at college would be wasted if you could divorce them later! It’s financial slavery – while the absentee landlord has been banished back to the mainland, we, the Irish, are still in penury to a different lord!