It appears that Irish Banks are sending out threatening Christmas Letters to intimidate clients during an emotive and financially challenging period of the year. Is this a deliberate bank tactic? It would appear so.
Irish banks are bullying business clients because they have found huge internal documentation issues in their own offices. Dealing with aggressive banks is consequently an issue that has now arisen for many Irish business owners. You have to face them down and not let them walk all over you.
By closing your overdraft account and creating a new term loan Irish banks are reclassifying long standing overdrafts as ‘new loans’, in order to meet lending targets set by the government.
Read this if your bank has hiked your interest rates for no good reason. Monopolistic Irish banks are abusing clients unable to locate finance elsewhere.
