How it works

1. From 30 of June 2017 information from lenders on all consumer loans of €500 or more is submitted to the secure Central Credit Register.

2. The Central Credit Register processes data to create and maintain an accurate and up-to-date credit report for each borrower.

3. Credit reports will be available for borrowers and lenders in early 2018. Only a borrower or a lender can request a credit report. Each request is recorded on the credit report as a footprint.