Submissions by topics "Should Ireland continue to require creditors to consult with appropriate databases as part of the creditworthiness assessment?"
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Yes, the Central Credit Register is an appropriate tool to assess creditworthiness and gives the credit provider a sound basis to assess suitability. Consideration may need to be given to including...
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Yes, the Central Credit Register provides a consistent, transparent, and objective framework for both creditors and borrowers, and it should remain an integral part of the creditworthiness...
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Yes. The Central Credit Register (CCR) was established under the Credit Reporting Act 2013 (as amended). We would see the need for constant upgrading of the CCR to ensure accuracy.
As part of...
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Yes. There should be no change to the existing requirements, which safeguard consumers and protect against the provision of additional credit which could potentially lead to over-indebtedness.
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Yes. The CCR offers a standardised, objective and transparent approach for creditors and borrowers, and should be retained as part of the creditworthiness assessment.
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Creditworthiness assessments play an important role in preventing irresponsible lending practices and should take into consideration all necessary and relevant factors that could influence a...
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Yes it is important that for loans such as mortgages that the CCR is referenced. Also for personal loans that are large. There is an argument that small loans under €200 should be exempted from...
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