1. exactly What impacts my getting that loan?

Many lenders try to find details about your earnings, work, residing costs and loan that is existing to assist them to determine whether you really can afford to settle financing. Many lenders also like to have a look at your credit history. It could be a good sign of exactly how most likely you’re to cover straight right right back the amount of money. You’ll probably have good credit score when you yourself have a great reputation for payment on past loans. Your credit history might be bad in the event that you missed repayments on a consistent foundation or neglected to spend down financing in past times.

Additionally it is feasible that ICB won’t have any credit documents in terms of you. This does occur when you yourself have no active loans in the previous 5 years or important computer data will not be registered with ICB by the member that is relevant.

2. How do lenders learn about my loans that are previous?

Many lenders in Ireland deliver information on borrowers and their repayments to a main agency, the Irish Credit Bureau (ICB).Continue reading