Borrowers urged to check credit record
Records of people’s credit history is kept with The Irish Credit Bureau (ICB), which has a database of information on the performance of credit agreements between financial institutions and borrowers.
More than 80 lending institutions register information with the ICB, usually on a monthly basis and when a person applies for credit from one of these lenders, it accesses the credit report to find out about previous performances with other credit agreements. All loans are registered with the ICB, including instances where a person may have missed payments in the past.
