Galway consumers double average debt in 5 years
Galway Bay fm newsroom - The average consumer in Galway now owes between 10 and 15 thousand euro.Figures in the Sunday Independent show that in 2008, the average debt for people in Galway, excluding mortgages, was between 6 and 10 thousand euro.
However, in the intervening years that has doubled in some cases.The figures have been compiled by the company behind the debt defaulters magazine, Stubs Gazette.The figures track debts which have been sought through the courts after a consumer is unable to pay utility bills or make payments on unsecured loans.In 2008, Kerry had the highest average debt per person of just over 7 thousand euro.Today, the most indebted county in Ireland is Waterford, which has an average debt of more than 30 thousand euro.