How to Check Your Credit Rating in Ireland

A new credit register was set up in Ireland in 2017 – called the Central Credit Register. It is backed by Government legislation and was a condition of the EU/IMF Programme of Financial Support for Ireland after the bailout. It is supposed to help stop loans being given to people who then can’t (or won’t) […]
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Low Interest Loans for People on Social Welfare or Pensions

A government-backed scheme using Credit Unions to provide low-cost loans was rolled out nationwide in 2018 . These small loans with low-interest rates are known as Micro Credit. The loans are called It Makes Sense loans – and aim to provide small, low-interest loans for people on Social Welfare or State Pensions aged 18 or […]
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Central Credit Register

Some of the excessive lending that went on in the “boom” might  not have happened if there had been a central register of all loans and loan applications. There was  no obligation to register credit applications or agreements and there was no central comprehensive statutory register. The IMF were very keen to see a credit […]
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Bad Credit Rating

Having a bad credit history can affect your future ability to obtain loans, credit cards or mortgages. In Ireland most lenders 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 any loan is closed. This […]
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