Missed payments from bank switches should not affect customers’ credit histories, says Kissane

The financial adviser insists customer payments missed as a result of the exit of Ulster Bank or KBC must not be recorded on credit register

Padraic Kissane, the financial advisor, says bank customers who miss bank payments as a result of switching banks cannot have their credit rating affected. His words may come as a strong warning to banks and the regulator. Picture: Fergal Phillips

The financial adviser who first exposed the country’s tracker mortgage scandal has said that he would “not stand” for customers having their credit histories affected by the switch from Ulster Bank or KBC Bank Ireland to new lenders over the coming months.

In a strong warning to banks and the regulator, Padraic Kissane, who is also a member of the Irish Banking Culture Board (IBCB), said it was clear that people who miss payments as ...