The Central Credit Register (CCR) is the new national credit database which was set up as result of a commitment given by the Irish government during negotiations with the International Monetary Fund. Under the Credit Reporting Act 2013 the CCR is owned and managed by the Central Bank of Ireland. Investec Private Finance Ireland is obliged to furnish certain information to the CCR in respect of the loans we provide to our customers. For example, we report the following personal data:
- Date of Birth
- Personal Public Service Number (PPSN)
We also submit the following credit specific data:
- amount of all loans held;
- loan type;
- outstanding balance;
- number of overdue repayments;
- date of next scheduled repayment.
Therefore, if you are the holder of a loan from Investec and you fail to make the required repayments, we are obliged to report this information to the CCR. The information submitted to the CCRis used to generate your individual credit report. Importantly, it will not calculate a credit score or grade.
Credit reports are accessible to you and to lenders since early 2018.
The only parties having access to your credit report are you and lenders (current or prospective). Third parties such as landlords and employers will not be permitted to access your credit report unless you provide your express written consent.