03/08/2018
From 1st July, the Government introduced Comprehensive Credit Reporting (C.C.R) What is this we hear you say?
In a nut shell....C.C.R is where, not only your credit inquiries, defaults and declines are recorded on your credit file, but it now includes your conduct. So any arrears, missed payments, late payments and where you have exceeded your credit limit on revolving credit (credit cards), will all be recorded and fully accessible to any institution you decide to apply to, for credit and will contribute to their decision to grant your application.
Contact us if you are experiencing difficulty in making payments on time, to any credit facility, there is always a way to fix things.
