Anyone stopped paying their mortgage while waiting for their redress ?

Discussion in 'Central Bank tracker review' started by Joanne Heeney, Nov 28, 2017.

  1. SaySomething

    SaySomething Frequent Poster

    Posts:
    371
    I still think this is a very bad idea.
     
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  2. Brendan Burgess

    Brendan Burgess Founder

    Posts:
    33,372
    It's gas alright.

    You have damaged your ICB record for €4.

    Hope you won't want to switch mortgages, buy a car with credit, seek an overdraft or credit card in the next 5 years.

    Brendan
     
  3. maunie

    maunie Registered User

    Posts:
    57
    Brendan
    I have been in arrrears as stated for a while and in the meantime I have reviewed a loan for a car and another loan was granted so I'm sorry but your comment makes no sense.
    €4 did not affect my credit rating and was never mentioned.
     
  4. Tracks123

    Tracks123 Registered User

    Posts:
    16
    I agree Maunie the ICB is a backward looking document.All banks are now lending on current income and repayment capacity.Most business people and consumers have had difficulties in the last 5/7 years and their ICB has been affected. If you can give rationale as to why and prove you have repayment capacity they will lend to you and that's my factual experience.Brendans post is inaccurate as its not the case on the ground.If they applied his logic they would excluding a large "cohort" of borrowers who they could not lend to.
     
    maunie likes this.