Data Protection

Your lender is responsible for the accuracy of the data that they send to the Central Credit Register.  While it is still in their possession, they are a data controller under the Data Protection Acts. 

Once the data is received by the Central Credit Register the Central Bank becomes the data controller.

If you believe some of your data is inaccurate on your credit report, you have a right to request that the data be amended. Instructions on how to request an amendment of your data will be available on the website at the same time that credit reports become available in early 2018.

No. The Central Credit Register does not create lists or files of defaulters. Lenders can only request credit reports for a permitted purpose, such as an application for a new loan.

Each lender may make their own decision whether to approve or decline a loan, based not only on a credit report, but also details of income and assets, their own lending policy and any other information that they may require. 

Yes. The Credit Reporting Act 2013 and the Regulations provide the legal basis for the collection and processing of personal information, including PPSNs. The Central Bank consulted with the Office of the Data Protection Commissioner in advance of publishing these Regulations as provided for in the Act.

Each time a lender accesses your credit report, they leave a footprint.  A footprint is a record of the date, the lender name, and the reason why that particular lender sought your credit report.

The footprint is at the end of your credit report and is retained for 5 years after the lender has accessed your credit report . 

A footprint looks like this: