How the Central Credit Register works

1. Lenders submit personal and credit information on existing loans for €500 or more. Lenders also submit personal and credit information on loan applications for €2,000 or more. 

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

3. All borrowers and prospective lenders can view a credit report. A “footprint” is recorded each time a credit report is issued to a lender or a borrower.