Credit Reporting Agencies Act 2010

Credit Reporting Agencies Act 2010

As provided for in the CRA Act, all CRAs shall fully comply to the Act by 15 October 2014.

Credit Reporting Agencies (or CRAs) are entities registered to carry out credit reporting operations under the Credit Reporting Agencies Act 2010. CRAs collate credit information that can be used in establishing a person’s eligibility for credit.

The roles of Credit Reporting Agencies:

  • Creating transparency in order to facilitate access to quick and easy credit.
  • Helping to create stronger businesses and reduce risk by allowing them to make more informed credit decisions, which in turn strengthen the economic and financial system of the country.

The Credit Reporting Agencies Act provides for the registration and regulation of CRAs, with a Registrar appointed to carry out the functions of this Act. The CRA Act 2010 also provides data subjects with the right to access, correct and dispute any information held about them. To download the full Summary of Rights, click here.

Roles of the Registrar of the CRA Act 2010:

  • Promoting the sound and orderly development of the credit reporting industry.
  • Creating a conducive environment for the CRAs to carry out their activities.

For more information about the CRA Act, please visit the website of Registrar Office of Credit Reporting Agencies (