Rule for credit history processing changed - term “black list” abolished

13:03, 01.09.2018

The term “black list” is abolished; the rule for the credit history processing is changed, – As of today several financial novelties on the financial market will enter into force, which envisages the reduction in interest rate and loan expenditure.

According to changes, due to delay, citizens will no longer have a negative credit status. Financial organizations will only check how the borrower paid the loan and assess whether it is possible to give him a new loan.

In addition, the work of the credit information bureau falls under the supervision of the National Bank.

Economics

black list

credit