Glossary

This glossary provides an interpretation of the main terms used throughout this website.

A A

• The Act

  means the Credit Reporting Act 2013

B B

• The Bank

  means the Central Bank of Ireland

• Borrower

  means Credit information Subject - any person who has made an application for credit, or who has made a credit agreement with a CIP.  A person who is a guarantor will be included at a later date.

C C

• Credit Information Provider (CIP)

  means Lender - any person who provides credit such as a regulated financial services provider; NAMA; a local authority; and any other person who provides credit.  The Central Bank of Ireland, any other Central Bank, and pawnbrokers are excluded.

• Credit Information Subject (CIS)

  means Borrower - any person who has made an application for credit, or who has made a credit agreement with a CIP.  A person who is a guarantor will be included at a later date.

• Consumer

  means a natural person, acting outside their trade, business or profession as defined in the Consumer Credit Act 1995.

• Credit

  means a loan, deferred payment or other form of financial accommodation other than that provided by one credit institution to another; to any entity classified within general government; inter-company lending; where credit is provided only to employees; for provision of utilities; purchase of goods or services from the person by whom the credit is provide or where no interest or any other charge is payable.

• Credit agreement and those to whom the act applies

  means an application by a CIS to a CIP for the provision of credit.  The CIS must be resident in the State at the time of the application, and the amount applied for must be €500 or more.

• Credit application and those to whom the act applies

  means an application by a CIS to a CIP for the provision of credit.  The CIS must be resident in the State at the time of the application, and the amount applied for must be €500 or more.

• Credit Information

  means information relating to the nature and term of the credit application or credit agreement, such as product type, repayment frequency, start date and maturity date. It also includes any changes to the nature or term of the credit agreement; any other information relating to the performance of obligations.

• Credit Report

  means the hardcopy or softcopy document that is produced by the Regsiter in response to a request for access.

• CRIF

  means CRIF Ireland Ltd who operate the CCR on behalf of the Central Bank.

L L

• Lender

  means Credit Information Provider - any person who provides credit such as a regulated financial services provider; NAMA; a local authority; and any other person who provides credit.  The Central Bank of Ireland, any other Central Bank, and pawnbrokers are excluded.

R R

• Register

  means Central Credit Register - a database of personal and credit information established by the Bank, under the Act.

S S

• Single Borrower View

  means the way in which information regarding a borrower is displayed in the Register. All applications and agreements which relate to a borrower are linked under one borrower profile.