Republic of Ireland Law
Republic of Ireland Law Questions Answered by Experts
1. Yes, you are entitled to compensation for the emotional distress and any harm caused by being overcharged excessive interest and having been threatened to have your house taken off you. This principle was laid down in the case of TSB v. Maugham. So, you can do two things in law. You can have an account taken of what is the correct interest which would have been charged and secondly, you can sue for the harm and emotional distress caused by being overcharged interest.
2. Accordingly, I would suggest you get yourself a solicitor in Ireland who will correspond on your behalf with the EBS and seek to obtain damages for you in addition to having the overcharging of interest rectified. I would suggest you use a solicitor because the EBS are more likely to give you greater damages when they realise you could issue legal proceedings.
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