Just just What affects my getting that loan?
Most lenders search for details about your revenue, work, residing costs and current loan repayments to greatly help them determine whether you really can afford to settle that loan. Many lenders also like to have a look at your credit score. It could be a good sign of just how most likely you will be to pay for right right straight back the amount of money. You’ll probably have positive credit history when you yourself have a great reputation for repayment on previous loans. Your credit score might be bad in the event that you missed repayments on a normal foundation or did not spend a loan off in past times.
It’s also feasible that ICB doesn’t have any credit documents with regards to you. This does occur when you have no active loans in the previous 5 years or your computer data will not be registered with ICB because of the member that is relevant.
Most loan providers in Ireland send 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.