The Centrale des Crédits aux Particuliers is a body established within the National Bank of Belgium. And whose objective is to prevent over-indebtedness by providing. To the lender information concerning the consumer’s current credits and possible payment defaults. Our lawyer takes a closer look at the role of this major player in consumer credit.
Skills Individual Credit Center
The National Bank of Belgium records within the Centrale des Crédits aux Particuliers (CCP) data relating to consumer loans and mortgage loans taken out for exclusively or predominantly private purposes, but also notices of collective debt settlement.
In order to obtain information on the financial situation and solvency of a potential borrower. The lender is obliged to consult the CCP before concluding a credit contract.
The lender must also re-examine the consumer’s solvency each year on the basis of a new consultation with the CCP.
Note that the CCP’s response must be globalized. That is to say, it can only relate to the number of credit contracts and the sum of the credit amounts recorded.
Any consumer who takes out a consumer or mortgage loan subject to registration in the CCP. Must therefore be informed by the mention in said contract of a specific clause.
Positive side and negative side of the Central credits for individuals.
The CCP is made up of two parts.
The positive aspect is that in which consumer credit or mortgage credit contracts taken out by a consumer in Belgium are recorded.
The lender is required to communicate to the CCP the data concerning each credit contract within two working days after the conclusion of the contract.
The data retention periods in the event of culpable non-performance are 3 months and 8 days after the date of the end of the credit contract.
The negative aspect is the one in which delays or defaults in loan repayment are recorded.
Payment defaults are recorded in the CCP as soon as the amount due exceeds 3 months.
In the event of regularization, the CCP keeps the data for 12 months from the date of regularization of the credit contract.
Consumer right of access
Each consumer and each person who constitutes security has access, free of charge, to the recorded data. In his name with the National Bank of Belgium and can freely and free of charge request the rectification of erroneous data.
This right of personal access can be exercised in three ways: via the Internet, using your electronic identity card. By letter, accompanied by a copy of both sides of your identity card, addressed to the National Bank of Belgium. At the National Bank counters, upon presentation of your identity card.
Any request from the consumer or the person providing security. Aiming to rectify or delete erroneous data recorded in his name. Must also be accompanied by any document justifying the merits of the request.
