Under the Data Protection Acts 1988 & 2003, you have the right to:
- Access data stored on file or on computer about you
- Correct inaccurate data
- Seek compensation for mistakes caused by inaccurate data
An example of the importance of checking the accuracy of personal data is in the case of credit ratings. All financial institutions share information concerning customer’s credit ratings. If a bank had inaccurate data about your credit history, then this may result in you being charged a higher rate of interest on a loan or being turned down for a loan by another bank.
You can check you credit rating by contacting the Irish Credit Bureau.