07 jan Processing time for applications. Let’s say there clearly was an error on my report?
Processing time begins through the time ICB gets the application type. Please enable up to 5 business days to process.
Your credit file will be delivered to you by post – postage time is certainly not included in the processing time above.
Although ICB endeavours to stick to the processing times mentioned previously, take note that under information Protection legislation, ICB are allowed as much as one to process an application month.
let's say there clearly was a blunder on my report?
Mistakes can and do take place. They may be brought on by either you or your loan provider.
Your loan provider might have consented to allow you to postpone re payments for a period of time but forgot to alter the report it delivers to ICB. For legal reasons, banking institutions need to ensure that information they hold or give other people about yourself is proper or over to date. So that you have actually the ability to insist which they correct any wrong information on you.
You have the right to have it rectified if you find a mistake on your Credit Report. Take note that ICB cannot replace your personal credit record until a loan provider instructs it to do this. To speed the rectification process up, it's always best to contact the financial institution right to inquire further to amend the information which they registered on ICB associated with your loan.