Irish debt judgments see huge fall in Q4

The number and total value of judgments registered against Irish consumers saw a huge fall in the fourth quarter of 2020 compared to the same quarter last year, figures released by registrar Irish Judgments show.

The number of judgments against consumers fell by 72 percent, from 618 to just 172. The total value fell by 89 percent, from €62 million in Q4 2019 to under €7 million in Q3 2020.

The average value of consumer judgments fell by 60 percent, from €100,960 to €40,084 and the median value by 26 percent, from €11,747 to €8,752.

Mick McAteer as Registrar said “The latest data on judgments showing huge falls in the number and value of judgments this quarter, suggests that income support and regulatory interventions have shielded Irish households and businesses from the worst effects of the financial shocks caused by Covid-19. But, the picture may be very different once the support measures are unwound.”