The Central Credit Register (CCR) is a new national database of personal credit information on loans of €500 or more set up and operated by the Central Bank of Ireland under the Credit Reporting Act 2013.
By December 2017 Ulster Bank Ireland DAC along with other lenders are legally obliged to transfer personal and credit information to the CCR on a monthly basis; for existing lending, information as and from June 2017 onwards will be provided to the CCR. All types of borrowing are included on the CCR. These may be mortgages, credit cards, personal loans and overdrafts.
The collection of credit and personal data from lenders will be implemented on a phased basis, with Phase 1 starting 30th June 2017 focusing on data collection for consumer lending and Phase 2 starting in 2018 focusing on lending to businesses, including clubs and associations.
You will have a right to:
- one free credit report each year;
- insert a explanatory statement on your credit report;
- apply to have your information amended, if you believe it is inaccurate, incomplete or not up to date;
- report and be informed of suspected impersonation.
The collection of credit and personal data from lenders will be implemented on a phased basis, with Phase 1 starting 30th June 2017 focusing on data collection for consumer lending and Phase 2 starting in 2018 focusing on lending to businesses, including clubs and associations.
How do I find out more?
More information in relation to the Central Credit Register is available from the Central Bank of Ireland. Contact details are:
Webiste: www.centralcreditregister.ie
E-mail: consumerinfo@centralcreditregister.ie
CCR phone: lo-call number 1890 100 050 or 01 2245500
