Consider your credit history
You may want to apply for a loan, mortgage or other credit in the future. When you apply it is very likely that a provider will look for a credit report on the Central Credit Register. Your application may be declined if you have missed payments or if there is unresolved debt on your credit report.
It may be difficult to resolve any issues or inaccuracies on your credit report when a provider no longer operates in Ireland. It is a good idea to request a copy of your credit report as part of switching your current account. This will allow you to deal with any issues while your old provider is still operating in Ireland.
You may also want to keep a copy of your bank statements from your old provider. You may need these if you plan to apply for credit in the future.
Last updated on 19 July 2022