How do you think this will make any difference to your credit rating here??I'm currently with 48 mobile network which charges my debit card on a monthly basis to renew my membership every 30-days, but perhaps I would be better off with an actual 12-24 month phone contract instead?
Who is advising you of this?I've also been advised that whilst I am saving money by living short-term with my girlfriends parents, I may be better served by renting a place in order to build up a history of paying back?
I would've thought that a longer-term contract with a mobile phone provider paid via direct debit would look more favourable in the eyes of lenders? It was a mortgage advisor from EBS who told me that it might be an idea to start renting in order to build up a demonstrated history of being able to meet regular payments as currently I am living with my girlfriends parents essentially rent-free with no form of contract.How do you think this will make any difference to your credit rating here??
Who is advising you of this?
And how would the bank know if you've a contract or not? There's no Debt, so it's not centrally recorded anywhere that the bank will see. At most the bank will see a transaction on your current account for say EUR 30 and a narrative "Vodafone" (or whoever provider is). It'll be so small every month they literally won't care what it is!I would've thought that a longer-term contract with a mobile phone provider paid via direct debit would look more favourable in the eyes of lenders?
Ok, so to break this one down a bit, because the context of the 'advice' is very important.It was a mortgage advisor from EBS who told me that it might be an idea to start renting in order to build up a demonstrated history of being able to meet regular payments as currently I am living with my girlfriends parents essentially rent-free with no form of contract.
Glen in hindsight thought perhaps it was a mistake to inform KBC of my UK stent debt when I was applying for a credit card with them. Perhaps on all future credit/loan applications I should just not mention it? Are you still continuing to repay your student debts using a UK bank account? Some people have told me I was foolish to even tell the UK government that I was relocating to Ireland, but I was worried they would wonder why I had suddenly stopped my repayments and I wouldn't want to burn my bridges should I ever decide to move back.I have UK student loans of a similar amount to yours and have never mentioned them in Ireland nor seen them appear on my ICB report.
Yes, they don't appear in any ROI credit report. The problem arises when the bank realises you've only been resident here for a short period, they may ask you to obtain your foreign credit report and provide it to them.I have UK student loans of a similar amount to yours and have never mentioned them in Ireland nor seen them appear on my ICB report.
Yes, obtaining credit by fraud is a fantastic idea!Perhaps on all future credit/loan applications I should just not mention it?
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