Parents Turning To Money-Lenders To Pay For Back-To School Costs

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Parents Turning To Money-Lenders

A quarter of parents in debt are turning to money-lenders to meet back-to-school costs.

According to the Irish League of Credit Unions’ survey, the average amount borrowed is €439.

Almost one-third of parents will be forced to deny their children certain school items because they can’t afford them.

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The ILCU’s Paul Bailey says people use several methods to try to meet their children’s needs.