Nationwide
Book An Appointment

Credit Check In Ireland: How to check your Credit Record and why it matters

Introduction

Are you a first-time buyer, a switcher or looking to move or trade up? Before you apply for your mortgage you are probably wondering if your application will be approved? One important factor on your mortgage approval outcome will be a credit check by the lender. Under EU law, lenders must assess your creditworthiness which basically means your ability in repaying the loan.

Why should you check your credit report?

It is good to review your credit history on a regular basis especially before applying for any personal loan, credit card, any HP, PCP finance or a mortgage. Even if you have no outstanding loans or credit card debt, a mortgage lender may turn you down because you have a poor credit history based on past loans.

What Do Lenders Look for in Your Credit History?

Lenders will be particularly wary if you have ever failed to repay a loan in full or have had the loan term adjusted because of difficulty in repaying a loan. Lenders will also use a credit check to make sure your name and address details are accurate, so making sure these are up to date is important. Even if you think your credit record is good, you may discover things on your report you didn’t know about like arrears on an old loan you had forgotten about, a loan that is still showing as outstanding but has been actually cleared or loan arrears that have long been paid off.

How to Check Your Credit Record:

To apply for your credit report, visit the Central Bank link: https://www.centralcreditregister.ie/. You will need to complete an application form and provide three types of identification documents:

  1. Photo with signature (such as a passport or driving licence)
  2. Proof of your address (must be no more than 6 months old)
  3. Proof of your PPS number

Personal data held on the Central Credit Register includes your name, date of birth, address, gender, telephone number and personal public service number PPSN. Credit data held on the Central Credit Register includes the loan type, such as mortgage, credit card, overdraft, personal loan, business loan, HP, PCP, etc.; the amount borrowed and the amount outstanding.

How to Amend Your Credit Record:

If you believe some of your data is inaccurate, incomplete or not up to date on your credit report, you have a right to request that the data be amended. This process can also be found on the Central Bank link above.

Why Choose Ezfees Financial:

For more information call 0818 910800 or email info@ezfeesfinancial.ie. Our qualified, experienced, and friendly Mortgage Advisors will guide you every step of the way. We understand that applying for a mortgage can be a daunting and confusing experience, and we’re here to help you. Contact us today to learn more.

Ezfees Financial Ltd T/A ezfees financial is regulated by the Central Bank of Ireland. Reg no 489026

Links

Members of Waterford Chamber of Commerce.

Pages

Members of Brokers Ireland.

Facebook Linkedin Instagram
©2023 – Developed by GOAT Sites
Book Appointment

Business Owner Consultation

Your business is your baby, so it deserves protection. Our team of experts will guide you through informed decisions to provide tailored policies. Shield your business against unexpected setbacks and ensure stability, whether you’re a startup or an established corporation. We’ll create a financial plan that will guide the balance of your personal finances and your long-term business goals.

What’s in this for you? Discuss your business finances in confidence with trustworthy advisors to:
1) Create a money management plan to suit your business
2) Align your business and personal objectives
3) Get clarity and validation on your strategies from dedicated Financial Advisors committed to safeguarding your business finances
4) Be advised when you need to speak to Tax Advisors where relevant
5) Obtain guidance onto Owner/Director on Pension planning and legislation
6) Referral to a Life/Business Coach where relevant

Plan for your business’s long-term financial goals:
1. Share your goals with us
2. Create a plan!
3. Gather and submit your information
4. Safeguard your business and your future

Book your business consultation today

Investment Consultation

With low deposit rates and high inflation rates, savings and investment plans are appealing right now. We understand what it’s like to make sacrifices to accelerate your savings goals so you can achieve your dreams. That’s why we provide expert guidance so you can take charge of your future without sacrificing your valuable time.

What’s in this for you? Why you should consider savings and investment plans?
1) The potential for higher returns
2) Flexibility in the amount you save
3) Short, medium and long term options to suit your goals, amounts and terms to save
4) Investment options appropriate to suit your needs and goals

How you can save to secure your dreams:
1. Share your goals with us
2. Create a plan!
3. Gather and submit your information
4. Make your Dreams a reality

Book your Savings and Investments Consultation Today

Mortgage Consultation

Whether you are a first-time buyer, mover, switcher or looking to invest in a rental property, we have a mortgage solution to fit your unique situation. Over 60 and looking to release equity in your home to support your children, go on that dream holiday or pay off bills? We find the mortgage most suitable for you and your family’s needs and support you through the entire process. You’re guaranteed to find the best mortgage option for your financial needs and goals, with impartial advice and competitive rates.

Clear, simple, actionable advice for all your mortgage needs:
1) First time buyers
2) First Home Scheme/ Local Affordable Authority Scheme
3) Switchers
4) Home Movers
5) Investment Property
6) Self Employed
7) Contract Workers
8) PAYE
9) Lifetime Loan (over 60’s equity release)

How you can get started:
1. Share your journey with us
2. Create a plan!
3. Gather and submit your information
4. Make your Dreams a reality

Book your Mortgage Consultation Today

Financial Planning Consultation

Secure your future and that of your loved ones beyond homeownership with life assurance, income protection and pension advice. Whatever your stage of life or money situation, our team of experts will help you make informed decisions to safeguard your financial future.

What’s in this for you? Planning your future, helps make your dreams a reality:
1) Start by creating a money management plan
2) Work with our dedicated Financial Advisors committed to safeguarding your future
3) Helping you get the guidance you need to achieve your long-term financial goals

Safeguard your financial future today:
1. Share your goals with us
2. Create a plan!
3. Gather and submit your information
4. Safeguard your Financial Future

Book your financial planning consultation today