Pursuant to the Law «On the circulation of credit information and the performance of credit institutions»,

the credit information is the information on the backups undertaken by the credit information entity, as shown. provides information about the credit reporting entity’s claims, payments, payment patterns or claims or their issuance.

It is used, like credit, by financial institutions for granting loans, as well as by manufacturing and trading or service-providing organizations, for the purchase of goods/services with the principle of installment payment («credit»). will be implemented soon.

How can I improve my credit history? First of all, it is necessary to write off the past due back payments.

In addition, at the present time, it is not necessary to write off overdue loans even for one day. When does the borrower appear in the «black list»?

The concept of «black white» is mistakenly spread in the world, but it is NOT true. Due to the delay in payments, depending on the number of days, the bank or credit organization can classify the loan as non-standard, dubious or unreliable, which can later be the reason for not getting a loan.