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Very poor service still haven't received letters explaining why I was refused.
Really? What would a request for your file under the Data Protection Act reveal? I have used this in the past to find out reasons for refusal. You would be amazed at some of the reasons.Just for info - you are not legally entitled to a reason why you are refused credit.
I found out that most banks do not register loans or Credit cards with the ICB unless they go into arrears. I found this to be true of BOI and UB.I applied for the (as it was then called) Bank of Scotland Plastic Visa Card, hoping to ditch my AIB Visa and enjoy the lower interest rate.
But Bank of Scotland rejected my application.
I requested my file from the Irish Credit Bureau and noticed that AIB never recorded either my AIB car loan OR my AIB Visa on the file, that is a pity becuase I have a good history with each.
Don't AIB don't record things at the ICB? and if not why not? is it to stop people from moving to other banks
Really? What would a request for your file under the Data Protection Act reveal? I have used this in the past to find out reasons for refusal. You would be amazed at some of the reasons.
I found out that most banks do not register loans or Credit cards with the ICB unless they go into arrears. I found this to be true of BOI and UB.
The refusal is not recorded on the ICB but is recorded in the bank itself. Asking them for all your info under the DPA will reveal the reasoning for a refusal. Reading their comments on your loan applications can be a revealing exercise.I wasn't aware that refusals were recorded. I know that when you apply for loan, cc etc. you give permission for the lender to access your credit file. Those searches are recorded but I din't think that a decision was recorded. However, the lack of a loan from that lender would indicate that the application was refused. Can anyone clarify?
I got refused a loan from Halifax even though i would have a perfect credit rating , full time high salary job, no debts and even i have savings in excess of the loan i was looking for.
Any ideas?
The problem seems to be that banks in general do not register loans on the ICB unless they are in arrears.Have you actually had loans in the past from financial institutions, registered with the ICB, to illustrate your ability to stick to a loan agreement - if not maybe that was your problem with Halifax.
The problem seems to be that banks in general do not register loans on the ICB unless they are in arrears.
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