Many lenders try to find details about your revenue, work, have a peek here living costs and loan that is existing to assist them to decide whether you really can afford to settle that loan. Many lenders also wish to check your credit score. It may be an indication that is good of most most likely you might be to pay for right back the amount of money. You’ll probably have good credit score for those who have a great reputation for payment on past loans. Your credit score could be bad if you missed repayments on an everyday basis or did not spend down that loan within the past.
Additionally it is feasible that ICB doesn’t have any credit documents in terms of you. This does occur when you have no active loans inside the previous 5 years or your computer data will not be registered with ICB by the appropriate user.
2. How do lenders find out about my previous loans?
Many loan providers in Ireland send information regarding borrowers and their repayments to an agency that is central the Irish Credit Bureau (ICB).