Central Bank will soon know if you default on your car finance deal – Irish Times

The Central Bank is set to start recording details of personal contract plans (PCPs) for car purchases; hire purchase deals, which can be used to purchase washing machines among other things; as well as similar types of finance, on its credit register from June 30th.

It will mark the first time the regulator has sought to capture such data on its central credit register since it was launched in March 2018. The purpose of the register is to provide greater transparency to lenders when people apply for a loan.

At the tim…

Read the full article at: https://www.irishtimes.com/business/personal-finance/central-bank-will-soon-know-if-you-default-on-your-car-finance-deal-1.3928495

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