Bad Credit

Indoubt2024

Hi, I’m just looking for some guidance on bad credit. I had a credit card with UB, I’m still repaying it, I didn’t repay any money on it for nearly 1 year but the past 5 months I have been repaying €50/€80 a week. I also have a car loan which I’m paying weekly for the last year without missing a payment. But I recently got engaged and we are saving for a wedding and I know we will be applying for a mortgage in a couple of years but I’m having nightmares now about how bad my credit score must be and it will probably affect a mortgage application when the time does come, there is only €1700 left on the Credit card loan and I plan to have it gone in 6 months, hopefully a bit quicker. Does anyone know if this will be a major factor when applying for a mortgage?

Shield

https://www.boards.ie/discussion/2058354591/bad-credit

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Thanks.

-Shield

L1011

We don't have credit scores in quite the same way as other countryes.

You need to get the credit card debt paid off ASAP - if you are saving, divert the savings to get rid - as the sooner it is gone the sooner credit institutions will consider you.