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KBC, will undertake searches with credit reference agencies (including the Irish Credit Bureau and/or the Central Credit Register) as part of the application process and during the period of any credit facility provided by KBC to establish your credit record.
These searches will be conducted each time you apply for a new loan, overdraft or other credit facility and at the time of any extension or variation of an existing credit arrangement (e.g. request for a mortgage arrears resolution option). Searches may also be conducted in the event of any breach of any credit agreement with KBC.
Credit reference agencies may retain a record of such searches for a period of at least five years and they may disclose to anyone else carrying out a similar search of the other searches made against you in the previous two years. KBC may use and retain any information received as a result of a credit search to (i) make credit decisions in relation to you, (ii) review the operation, management and performance of a credit facility provided by KBC, (iii) help detect or prevent fraud and recover its property and/or (iv) for statistical purposes.
Further information on how we process your personal information is available in our KBC Bank Ireland Data Protection Notice.
Further information on the ICB and their GDPR Fair Processing Notice is available below and also here (pdf, 180 KB).