Krediidiülevaatus

Krediidiülevaatus, also known as credit check or credit report, is a process of evaluating an individual's or a company's financial history and creditworthiness. It involves gathering information from various sources, primarily credit bureaus, to assess the likelihood of repayment for a loan or other financial obligation. The information typically includes details about past credit accounts, payment history, outstanding debts, and any public records such as bankruptcies or judgments.

Financial institutions, lenders, and sometimes employers use krediidiülevaatus to make informed decisions about extending credit, offering loans, or hiring individuals for positions involving financial responsibility. A good credit history, characterized by timely payments and responsible debt management, generally leads to a favorable outcome in a krediidiülevaatus, potentially resulting in lower interest rates and better loan terms. Conversely, a poor credit history can make it difficult to obtain credit or may lead to higher costs.

In Estonia, credit information is collected and maintained by credit bureaus, which then provide credit reports to authorized entities. Individuals also have the right to access their own credit information to review its accuracy and ensure their financial standing is correctly represented. This process is crucial for maintaining financial health and facilitating access to various financial services.