Feel like I've wasted so many years building up a good credit rating paying my loan on time monthly,
Yes, it's really a terrible waste paying your debts. Repayment should be optional.
And banks should be barred from refusing mortgages to people just because they have defaulted on previous loans.
Brendan
I've wasted so many years building up a good credit rating paying my loan on time monthly,
Hi Kitty. I'd try and meet your AIB bank manager and discuss it with him or her.
Like you said in your opening post it was more an oversight than a refusal or inability to pay.
They may be able to talk to those higher up in the bank and get them to change your record.
I'd give it a try anyway.
You still seem to regard paying a loan on time as a waste.
Brendan
wasted- as in was not aware of the fact that I still had this debt. If the debt was cleared back then, I would not be sitting here for a another 5 years is what i mean.. My icb was clear, I was approved a mortgage last year, under the illusion I had no debt.. the new CCR is where this is showing, that I was not aware of..
If my ccr comes back, it will be paid in full, which is what I was trying to achieve last time.
Enjoy your evening as a keyboard warrior
If my ccr comes back, it will be paid in full, which is what I was trying to achieve last time.
Thanks for the reply Introuble83, I will definitely be clearing the debt, thats no doubt. My question was really around the 5 year wait and had anyone else had these similar experiences. Glad to hear you've seen the end of your debtYou will have to clear the loan and wait the 5 years . I took out personal loans when I was 22 and got myself in a mess . Cleared them up just last week (thanks to tracker redress) . I’m 37 now and will be 42 when my record is cleared . That’s 20 years my bad record had followed me . Pay it off and start saving up . It’s unlikely any lender will approve you until your record is resolved .
Would you lend a very substantial amount of money to someone who still has not paid off a debt, even after it’s been pointed out to them?
The process is not automatic, a loan officer will have to put their name to a document granting you the loan. And those decisions impact their end of year bonus and career, so they are going to need to have confidence in you. And not clearing outstanding loans, not knowing about your debts and not keeping your address up to date is not going to help.
If you are married, you would need to submit a joint application if the mortgage is for a PPR.On applying, I recieved a mesage asking was I aware of a €862 unpaid debt and I originally thought they were mixing me up with my husband ( who had a debt written off, but still appearing on his icb until 2021) hence why I applied individually.
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?