The Irish Credit Bureau (ICB), currently the main credit reference agency for individuals in Ireland, complies a database of information supplied by the country’s main financial institutions. The database includes information on a wide range of loans, including personal loans, mortgages and credit card loans.
The ICB does not decide whether or not you get a loan. Financial institutions use the information held by the ICB when deciding whether or not to lend to you.
The ICB’s database holds information about you if you have had Read more
The Personal Insolvency Act 2012 introduced 3 mechanisms for non-judical debt settlement;
Specifically, the PIA was introduced to address debt problems relating to Read more
The Civil Debt (Procedures) Act 2015 has been designed to make it easier to collect from people who are unwilling to pay “small debts”. The Act was initially developed to be used with respect to Irish Water but it will have wider relevance (see below).
The Act is intended to be equally accessible to individuals, sole traders and businesses. The Act is not intended to be available to banks and other financial institutions.
Any amount between €500 and €4,000 will be considered a “small debt” for the purpose of the Act. The idea is the Act will provide a clear legal framework around the collection of such sums.
A legal application would be made to court to allow for the “small debt” to be Read more