Last updated on 24/02/2020

Consumer credit report

CONS_REP 0 (short)

Last updated on 24/02/2020

  • Identification data of subject
  • Brief statement on credits & gauranties number
  • Credit organization
  • Credit number
  • Credit status
  • Past due availability
  • Credit risk class
  • Credit info renewal date

Example

CONS_REP 1 (descriptive)

Last updated on 24/02/2020

  • Identification data of subject
  • Brief statement on credits & gauranties number
  • Credit organization
  • Credit number
  • Credit status
  • Credit risk class
  • Credit info renewal date

  • Brief statement on credits due amounts
  • Total number of credit report inquiries (30 days / 1 year / self inquiry)
  • Date of credit contract
  • Type of credit
  • Date of credit past due
  • Actual balance
  • Past due percentage
  • Notes (concerning credit)
  • Guarantee amount
  • Inquiries on person during last 1 year

Example

CONS_REP 2 (extended)

Last updated on 24/02/2020

  • Identification data of subject
  • Brief statement on credits & gauranties number
  • Credit organization
  • Credit number
  • Credit status
  • Credit risk class
  • Credit info renewal date
  • Brief statement on credits due amounts
  • Total number of credit report inquiries (30 days / 1 year / self inquiry)
  • Date of credit contract
  • Type of credit
  • Date of credit past due
  • Actual balance
  • Past due percentage
  • Notes (concerning credit)
  • Guarantee amount
  • Inquiries on person during last 1 year

  • Date of credit issue
  • Date of credit final repayment
  • Date of credit actual repayment
  • Credit amount by contract
  • Actual amount provided
  • Actually repaid amount
  • Actual balance
  • Number of past due days
  • Date of the last credit classification

Example

CONS_REP 3 (full)

Last updated on 24/02/2020

  • Identification data of subject
  • Brief statement on credits & gauranties number
  • Credit organization
  • Credit number
  • Credit status
  • Credit risk class
  • Credit info renewal date
  • Brief statement on credits due amounts
  • Total number of credit report inquiries (30 days / 1 year / self inquiry)
  • Date of credit contract
  • Type of credit
  • Date of credit past due
  • Actual balance
  • Past due percentage
  • Notes (concerning credit)
  • Guarantee amount
  • Inquiries on person during last 1 year
  • Date of credit issue
  • Date of credit final repayment
  • Date of credit actual repayment
  • Credit amount by contract
  • Actual amount provided
  • Actually repaid amount
  • Actual balance
  • Number of past due days
  • Date of the last credit classification

  • Brief statement (on other obligations)
  • Average monthly income
  • Data on bankruptcy
  • Annual percentage rate
  • Scope of credit use
  • Place of credit use
  • Collateral subject
  • Collateral subject value
  • Notes on collateral
  • Number of credit terms revisions
  • Actual payments monthly chart
  • Information on affiliates
  • Other obligations (i.e. communal)

Example

The consumer credit report contains 5 year information (from the inquiry date) about the payment behavior of various financial obligations of physical entities, including data on the proper fulfillment and/or delinquencies of financial obligations.

Own Credit Report

Where can the credit report requested from? 

Any person (subject of credit information) can inquire his/her credit history from credit bureau by – getting a paper copy of his/her credit report from ACRA office or from Haypost nearest postoffice (representing relevant documents); or electronic version – subscribing to ACRA website   and using “online Self-Inquiry” service.

What documents are necessary to apply for own credit report from ACRA office?
The following documents are necessary to get a credit report.

For individuals (Data Subject)

  • Application form wordoc
  • Data Subject’s Passport and its copy
  • Data Subject’s Social card and its copy (not mandatory)
  • In case of acting on behalf of Data Subject:
    Power of attorney from Data Subject verified by the notary
    Passport of authorized person and its copy
  • In special cases other documents required by ACRA
How long does it take to get a credit report?
Credit report is ordinarily provided instantly provided all the necessary documents are in place. In certain cases, however processing may last up to two working days.
 
How does ACRA guarantee the confidentiality of information?
According to the legislation of the Republic of Armenia ACRA may not publicize any information on Data Subject without the consent from the Data Subject (with an exception of special cases prescribed by the law). Member organization may request for credit report from ACRA only if it holds written consent from the Data Subject. The consent may have a form of separate document or can be included in the content of credit application or contract of bank or credit organization.
 
How are the errors in credit reports corrected?
If Data Subject finds errors in its credit report it should contact directly to the source of information. If the source cannot be identified from the content of credit report Data Subject may visit ACRA office to find out the source of information. The errors are corrected by the source of information.