willyfones
Registered User
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- 39
I was reading on the central bank website about the data that will be held by the Central Bank regarding the much-delayed Central Credit Register starting 30 June 2017. This information is stored by the Central Bank, but access to your information will be given to potentially hundreds of staff across all financial institutions including credit unions.
As I understand it, under the legislation this information will not be shared with say Revenue for example but then legislation can change.. Access would be 'restricted' to certain staff.
Financial institutions can check register and update it for all loans above €500. Its not just for new loans from this date,, it is for all current loans ongoing (a car loan taken out two years ago will appear on the register) for example, which I suppose makes sense.
But my concern is that it seems to me like a lot of personal information that alot of people would have access to.
Would anyone have any thoughts on perhaps the benefit of the register?
Personal Information in respect of individuals
Forename
Surname
Gender
Date of Birth
Address
Postal Code
Eircode
Personal Public Service Number
Other Tax Reference Numbers
Telephone Number
Sector of Economic Activity Employment:
Employment Status
Employment: Occupation Category
Some of the main points held on loans
Credit Status
First Date of Drawdown (Start Date)
Contract Request Date
Maturity Date
Contract End
Actual Date Payment Made
Date Restructure Event
Reorganised Credit Code
Interest Rate Type
Interest Rate
Number of Planned Payments
Payment Frequency
Payment Method
Repayment Type
Purpose Type
Exposure Class
Monthly Payment
Due Payment Made
First Payment Date
Next Payment Date
Next Payment
Amount Outstanding
Payments Number
Outstanding Balance
Number of Payments
Past Due Amount Past Due
Days Past Due
Provider Guarantor
As I understand it, under the legislation this information will not be shared with say Revenue for example but then legislation can change.. Access would be 'restricted' to certain staff.
Financial institutions can check register and update it for all loans above €500. Its not just for new loans from this date,, it is for all current loans ongoing (a car loan taken out two years ago will appear on the register) for example, which I suppose makes sense.
But my concern is that it seems to me like a lot of personal information that alot of people would have access to.
Would anyone have any thoughts on perhaps the benefit of the register?
Personal Information in respect of individuals
Forename
Surname
Gender
Date of Birth
Address
Postal Code
Eircode
Personal Public Service Number
Other Tax Reference Numbers
Telephone Number
Sector of Economic Activity Employment:
Employment Status
Employment: Occupation Category
Some of the main points held on loans
Credit Status
First Date of Drawdown (Start Date)
Contract Request Date
Maturity Date
Contract End
Actual Date Payment Made
Date Restructure Event
Reorganised Credit Code
Interest Rate Type
Interest Rate
Number of Planned Payments
Payment Frequency
Payment Method
Repayment Type
Purpose Type
Exposure Class
Monthly Payment
Due Payment Made
First Payment Date
Next Payment Date
Next Payment
Amount Outstanding
Payments Number
Outstanding Balance
Number of Payments
Past Due Amount Past Due
Days Past Due
Provider Guarantor