Central Credit Register

Central Credit Register

The Central Bank of Ireland has set up a Central Credit Register under the Credit Reporting Act 2013.

The Central Credit Register is a national database that will, on request, provide:

  • a borrower with an individual credit report detailing their credit agreements;
  • a lender with comprehensive information to help with credit assessments; and
  • the Central Bank with better insights into national trends in the provision of credit.

The Credit Reporting Act 2013 requires us to process your personal and credit information for the Central Credit Register. From 30 June 2017, we will submit personal information to the Central Credit Register that we may already have about you, like your name, address, date of birth, PPSN.

The Central Credit Register needs this information to make sure it accurately matches your loans, including loans that you may have with other lenders. Producing a full and accurate credit report is one of the main aims of the Central Credit Register. We will also submit credit information each month about your loans if the loan is for €500 or more. Your loan information will be stored securely on the Central Credit Register where it will be used to create your credit report.

Lenders may only access your credit report:

  • when considering an application for a new loan;
  • if you ask to change the terms of a loan; or
  • if they are reviewing a loan in arrears.

Employers, landlords, or any other person or entity cannot access your credit report without your written consent.

Your rights under the Credit Reporting Act 2013

You have a right to:

  • Request your credit report at any time and the first credit report each calendar year is free
  • Insert a 200-word explanatory statement on your credit report
  • Apply to have your information amended if you believe it is: inaccurate, incomplete or out of date.
  • Make a report to the Central Credit Register if you reasonably believe that someone has, is, or is about to impersonate you.

What information will be held on the Central Credit Register?

The Central Credit Register will hold information about loans existing on 30 June 2017 and any new loans after that. From then, lenders will also send the Central Credit Register monthly updates on the status of loans.

The type of credit information that the Central Credit Register will store includes the:

  • amount of all loans
  • type of each loan – such as credit card, mortgage, overdraft or personal loan
  • name of each Lender
  • outstanding balance
  • number of overdue payments if any
  • date of the next payment.

Where can I get more information about the Central Credit Register?