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Credit rating after clearing debt

  • 01-03-2019 09:56PM
    #1
    ak4
    Registered Users, Registered Users 2 Posts: 220 ✭✭


    Hi there,
    So this time last year I had about €4000 euro debt between my AIB and credit union... Which included a lot of missed payments and ignoring contact with lenders. Last week I managed to pay off my last installment so now I am debt free. I'm not by any means looking to lend straight away again but in the next 4-5 years I would like to be applying for a mortgage.

    How many years roughly to I'm on a clean slate again?


Comments

  • #2
    ldy4mxonucwsq6
    Closed Accounts Posts: 1,537 ✭✭✭ldy4mxonucwsq6


    ak4 wrote: »
    Hi there,
    So this time last year I had about €4000 euro debt between my AIB and credit union... Which included a lot of missed payments and ignoring contact with lenders. Last week I managed to pay off my last installment so now I am debt free. I'm not by any means looking to lend straight away again but in the next 4-5 years I would like to be applying for a mortgage.

    How many years roughly to I'm on a clean slate again?

    With the ICB (Irish Credit Bureau) records remain on the database for 5 years once the loan has been closed.


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