Banks ramp up client probes to claw back debts

[BoyRacer]

Banks ramp up client probes to claw back debts -> independent.ie/national-news … 52142.html

BANKS seeking to recover debts have begun gathering customer information, with the number of judgement and land registry searches and collation of so-called ‘soft information’ now running at unprecedented levels.

Clients of the country’s banks and building societies are coming in for ever-increasing levels of scrutiny.

Such is the determination amongst financial institutions to maximise the recovery of loans that a number of them have significantly ramped up the practice of trawling through records held at the Land Registry and Registry of Deeds to establish the extent of their customers’ property assets.

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