Credit Bureau soon to open.
Guyana’s Credit Info, Chief Executive Officer Judy Semple-Joseph said potential consumers need not worry when it comes to their personal financial information being obtained by the company.
According to the CEO the new company will be operating within the laws of Guyana and Credit Info will be monitored by the Bank of Guyana.
In the past, financial institutions have had to do their own background checks into the credit history of clients and some hire-purchase agencies have used references to establish how a consumer can manage money.
Mrs. Semple-Joseph said her company will be able to say whether an individual is creditworthy making it easier on the part of Banks and hire purchase agents.
Last month approval was given for the establishment of the Credit Bureau following the passing of the Credit Reporting Act two years ago.
The Bank of Guyana has designated various entities as Credit Information Providers in addition to financial institutions. The move means that GTT, Digicel, GPL, GWI, Singer and Courts can inform the Bank of Guyana and the Credit Bureau on how well you manage your bill payments.
Credit Info is an international group of companies that is registered in Germany . The company has been around for over ten years and has operations in Jamaica among several other countries.