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life after icb report. (5 year exile)...?

  • 27-08-2015 1:55pm
    #1
    daddyno1
    Registered Users, Registered Users 2 Posts: 20 ✭


    Could someone please clarify a few things for me plz...

    bear with me.

    about 7 years ago i got into bother with a certain credit card company (mbna).
    il spare ye the details but i naively buried my head in the sand and in doing so brought on myself an avalanche of phone calls, threatening letters etc. so when i managed to finally pulled my finger out. i came to an agreement to settle the debt... 50% of the amount owed to get them off my back."great i thought". so i sold a few things of worth and belived that was the end of it. until 2 years ago when i applied for a car loan with my bank (aib) with whom iv had multiple loans car/personal over the years" all paid on time with no missed payments.

    So basically got refused....

    never asked for an explanation and just thought they weren't lending to anybody.
    then last year applied again and same result, tried a few lending institutions and it was the credit union who informed me i had a black mark on my icb report.

    Applied for a copy of my credit report and it stated that there was an amount outstanding with (mbna) and a "W" beside it. the amount was the full amount i owed. not a mention of the fact that i had settled the debt' albeit for 50% of the total amount....?

    so my current situation is that the "W" is set to be cleared sep 2015 from my icb.

    my questions to anybody that has experience with such matters are.


    1. will the "W" be completely expunged
    2. will my other completed loans still count towards my credit score or am i back to neutral
    3. how long do the requests/refusal for credit stay on your icb report


    sorry if its a bit long winded.

    would appreciate any help....thxs


Comments

  • #2
    matt70iu
    Registered Users, Registered Users 2 Posts: 415 ✭✭matt70iu


    Was in a similar position with MBNA myself.

    2010 debt, gone off my ICB this year. Did an ICB check on myself and it came back no data found.

    So to answer your question, once the date of removal has come and gone, there will be no evidence you ever had a loan/card with MBNA, your report will be clean.

    Recently applied for and got car finance with VW bank, so there is life after a bad ICB report!


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