S
Is there anything we could do? I'm in a state over this and can't see light at the end of the tunnel? Can you buy yourself off the ICB or can any lender get round this for us???
How long is my credit history recorded for?
All records remain on the ICB database for 5 years once the account has been completed. This is the situation irrespective of whether you repaid the debt or you failed to complete payments.
2. How do lenders know about my previous loans?
Most lenders in Ireland send information about borrowers and their repayments to a central agency, the Irish Credit Bureau (ICB). The ICB holds information about borrowers and their loans for 5 years after the loan is closed. This information is held in an individual credit ‘report’ that is kept by the ICB about each borrower.
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10. Can I get bad credit details removed from my report?
All lenders must provide an honest and truthful report of your loan repayment pattern. So a Financial Institution is not obliged to change or remove details from your report unless they are inaccurate.
So perhaps one of your previous lenders simply didn't register details with the ICB as they were supposed to - i.e. a mistake?They only gave me 2 years when I did a DPA request to the ICB and the lender PTSB was more than happy with it.
Seems outrageous to me!
If that is the case the ICB are possibly in breach of the Data Protection Act by only supplying 2 years data if they hold 5 years worth. A DPA request is for all info not just what they want to share. A call to the commisioners office is in order.Correct. All ICB records are held for 5 years. Even if its a case of a silly student loan that went bad, it will take 5 years to clear from the ICB data thats available to the institutions.
No and No. IIB are not tardy in such respects and I had that mortgage out for 6 years.Or maybe you only had 2 years of credit history?
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