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Exiting moneylender Provident to write off outstanding loans

Exiting moneylender Provident to write off outstanding loans
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New blunder as AIB misreports 6,000 payment histories

In the latest blunder, AIB incorrectly marked a huge number of accounts in reports to the Central Bank’s Central Credit Register with a “settled flag”.
This indicates to the register that a settlement was reached between the customer and the bank and could be considered a negative event on a customer’s credit record.
A number of people who contacted this publication said the mistake was made on their credit record even though they did not have an issue with missed payments.
They now fear they will be refused loans.
The Central Bank has been informed about the incorrect reporting, AIB said. ....

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