Discussion in 'Central Bank tracker review' started by Joanne Heeney, Nov 28, 2017.
I still think this is a very bad idea.
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.
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.
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.
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