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Posts tagged ‘mortgage customers’

Irish Life & Permanent continuing to rip off its customers

Irish Life & Permanent
has reported an operating loss of €10m in the six months to June this year, compared with a loss of €51m in the same period last year. Operating profit in its life business in the six months was €118m, 40% higher than in the same period last year
This is bad news for the 180,000 mortgage customers, with around 9,000 in arrears, a number that I would expect to increase over the next couple of months as the con artist at the head of this bank continue to rip off their own customers by charging up to 300% interest on their mortgages
Current interest rat at the ECB is 1% and these crooks are charging 4.5% =300%

The latest operating losses at its banking business of €131m, almost unchanged from €132million last year, Irish Life & Permanent will no doubt be exploiting to the full the unflinching support from the equally corrupt and dysfunctional Department of Finance who are by the way supposed to be investigating Irish Life & Permanent’s fraudulent transactions of deposits to Anglo Irish Bank to help it effectively defraud its own shareholders.

Irish Life & Permanent management are still harbouring some of the culprits responsible for this fraud and as long as nobody is brought before the courts I for one will continue to call for the culprits to be rooted out
The hard pressed mortgage customers of this bank should not have to pay for the fraudulent and corrupt actions of the senior management at this bank and so I call on all 180,000 customers of Irish Life & Permanent to refuse to pay the illegal interest rate hikes and boycott this bank.
Join the cause on facebook http://www.causes.com/causes/521544?m=99681795

Irish Life Mortgage’s Up-date

Irish Life & Permanent said it will raise the rate on its standard variable mortgage by 0.5pc from February 1, citing the “high cost” of funds required to finance its mortgage loan book.

“As has been previously advised to the market,” Irish Life’s banking unit Permanent TSB “is facing significant financial challenges,” the lender said in a statement today. The “high cost of funds continues to pose challenges.”

Irish Life said the change in the rate will affect just under 80,000 residential mortgage customers

Machholz comment

So these crooks are going to fleece their customers again and the Government are just going to sit back and let it happen!

I suggest that all the customers get together and picket the Head offices in Dublin and keep the picket on until they are forced to withdraw the last two hikes

All the customers could form a union and as such would oblige other unions to stand with them

Remember we the people are the real masters of our own destiny

come on we are 80,000 strong  lets show them!


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