joreilly77
Registered User
- Messages
- 2
I asked this question at my CU and they weren't sure so maybe someone has come across this before.
I have no credit record in Ireland (lived overseas for a long time) and my mortgage advisor suggest I get a CU loan and repay it to establish some sort of credit record with the ICB (my CU is listed as one that interacts with the ICB). I'm about to buy a new car and instead of using my CU savings I'm going for a loan. As the amount I'm borrowing is less than my savings I get a preferential rate and an instant 'yes' to the loan with the savings used as collateral.
As this loan is a little different to an ordinary CU loan does anyone know if the payment history etc. is reported to the ICB? I got a blank face when I asked at the CU.
I have no credit record in Ireland (lived overseas for a long time) and my mortgage advisor suggest I get a CU loan and repay it to establish some sort of credit record with the ICB (my CU is listed as one that interacts with the ICB). I'm about to buy a new car and instead of using my CU savings I'm going for a loan. As the amount I'm borrowing is less than my savings I get a preferential rate and an instant 'yes' to the loan with the savings used as collateral.
As this loan is a little different to an ordinary CU loan does anyone know if the payment history etc. is reported to the ICB? I got a blank face when I asked at the CU.