CENTRAL CREDIT REGISTER
The Central Credit Register (CCR) is being set up by the Central Bank of Ireland under the Credit Reporting Act 2013.
The CCR 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 required CSCU to process your personal and credit information for the CCR.
From 30 June 2017 we are required to submit personal information to the CCR that we may already have about you, such as:
- your name
- your address
- your date of birth, and
- your personal public service number (PPS)
The CCR requires this information to accurately match your loans, including loans you may have with other lenders. We are also required to submit credit information each month about your loans, if the loan is over €500 or more. Your loan information will be stored securely on the CCR where it will be used to create your credit report. Information will be held on the CCR for five years after your loan is repaid. In early 2018, credit reports will become available from the CCR. You may request your credit report from the CCR at any time and are entitled to one free report each calendar year.
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 reviewing a loan in arrears
Please ensure that you include a copy of documentation showing your PPSN with all future loans.
Proof of your PPS Number – This must be in the form of an official document from the Revenue Commissioners or
Department of Social and Family Affairs, which contains your name and PPS No.