What types of loans are included on the Central Credit Register (CCR)?
Loans included on the Central Credit Register are:
- Credit cards
- Mortgages
- Overdrafts
- Personal loans
Note: Hire Purchase and Personal Contract Plans (PCPs) are not included at this time, but it is intended that they will be included in the future.
When will lenders start sending loan information to the CCR?
The project is in two phases:
Begins on 30 June 2017. From then, organisations like banks, credit unions and any other lenders who provide consumer loans, will start giving details of these loans to the CCR.
Is due to begin in March 2018. From then licensed moneylenders and local authorities will start giving loan details to the CCR. Details of business loans will also start being reported.
What information will be held on the Central Credit Register?
The CCR will hold information about loans existing on 30 June 2017 and any new loans after that.
The type of credit information that the CCR will store includes the:
- Amount of all loans
- Number of overdue payments if any
- Date of next payment
What are my rights?
In the future, you may also have a duty to provide information to your lender about any foreign credit of €5,000 or more. For this to happen, the Central Bank must publish a Regulation.
When credit reports become available, you will have a right to:
- Request your credit report at any time (the first 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- Apply to have your information amended if you believe it is inaccurate, incomplete, or out of date.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.