01 July 2019
Since 30 June 2019, lenders are now obliged to report information on all hire purchase (including PCPs), asset finance and similar lending to the Central Credit Register. This includes lending to consumers and non-consumers.
This means that credit reports are now available containing these products.
Lenders considering a consumer loan application of €2,000 or more must enquire on the Central Credit Register for a borrower’s credit report. In addition, lenders may obtain a credit report if borrowers seek to restructure a loan or are in arrears on a loan, or are seeking a new loan under €2,000. These obligations will extend to hire purchase and similar credit applications from 1 October 2019 onwards. Borrowers can request their credit report at anytime.
A list of lenders who have submitted information to the Central Credit Register is available and is updated regularly.Read More
21 January 2019
Credit reports that include business loans such a loans to companies, partnerships, clubs and associations are available to lenders and borrowers from 21 January 2019.
This means that credit reports are now available for both consumer borrowing (credit cards, mortgages, overdrafts and personal loans), with information backdated to 30 June 2017, and business borrowing with information backdated to 31 March 2018.Read More
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