News

Don’t pay off those loans!

Sounds a bit mad doesn't it? Our view is quite simple - Although the US is officially out of recession and Europe is coming out with good news also, the worst is not over yet from an Irish perspective. We see interest rates rising during the second half of 2010 and Ireland still in a very difficult financial situation. Now is the time to accumulate as much money as you can to act a buffer for this period. When rates rise and things are still difficult here (sorry for all the bad news!) you can use these funds to get you through.

It is important that you note this advice is very general and whilst the normal good advice would be to pay off loans, you should seek advice for your own particular circumstances. Talk to any member of Campion Insurance and see what the advice for your own situation would be.