Credits on Kreditos

Credit history

The credit history or credit History is a sequence of events and the facts reflected in a databank. A bureau of credit histories under messages of the creditors testifying to payment discipline of borrowers at performance of obligations under bank loans, commodity credits, deliveries and services with a payment delay. Transfer, ordering and distribution of this information became a reality with coming into force of the Federal law “About credit histories”.

The central catalogue of credit histories is a division of Bank of Russia which conducts a database for search БКИ, borrowers containing credit history. Thus, the Central catalogue stores not credit histories, and only certain references to where they can be found.

Any of borrowers is capable to initiate an information transfer about the financial reputation (credit history) in the Bureau of credit histories. Commercial creditors can give the information in structure of credit history on a voluntary basis – under the agreement. Credit institutions without fail should direct the information to a bureau of credit histories if such condition is included in structure of the credit contract. It is necessary to realise this possibility.