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mortgage arrears and credit rating

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  • 02-08-2012 11:34pm
    #1
    Registered Users Posts: 386 ✭✭


    I have heard that you need to go into mortgage arrears 3 months in a row for it to affect your credit rating.
    Does anyone know if this is true?


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  • Registered Users Posts: 4,502 ✭✭✭chris85


    monkey8 wrote: »
    I have heard that you need to go into mortgage arrears 3 months in a row for it to affect your credit rating.
    Does anyone know if this is true?

    its one month. Any payment over 30 days overdue will be recorded on the ICB.


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