1. Exactly exactly exactly What impacts my getting that loan?
Many lenders try to find information regarding your earnings, work, residing costs and loan that is existing to greatly help them decide whether you’ll manage to settle financing. Many lenders also desire to have a look at your credit score. It could be an indication that is good of most most likely you might be to cover straight straight straight back the amount of money. You’ll probably have credit that is positive when you yourself have a great reputation for payment on past loans. Your credit history can be bad if you missed repayments on a frequent basis or did not pay a loan off in past times.
Additionally, it is feasible that ICB doesn’t have any credit documents in terms of you. This happens when you have no active loans in the past five years or your computer data will not be registered with ICB because of the member that is relevant.
2. How do lenders learn about my loans that are previous?
Many loan providers in Ireland deliver information regarding borrowers and their repayments up to an agency that is central the Irish Credit Bureau (ICB). ICB holds details about borrowers and their loans for five years following the loan is closed. Continue Reading