Latvian Credit Register – State Bureau of Credit History. How to Check Credit History |

The base was established in 2003. The main function of this repository was to collect information on debtors who were past due. Large companies as well as ordinary citizens were included here. But soon the debt register grew into a much larger base called the “Credit Register”. This change took place on January 1, 2008 and, like the Debtor Register, the Credit Register is owned and controlled by the Bank of Latvia.

The new modified list, called the “Credit Register”, covered not only debtors but also all those involved in any form of banking . You can find yourself in this database even if the loan was repaid several years ago, or you still keep paying the mortgage. But much of the Credit Register information reflects overdue and unpaid credit, which is why the Latvian community has been dubbed the “black list of debtors”.

How the Credit Register works


The base became the founders of Latvian Bank itself, because the information repository is fully subject to and controlled by the state chief creditor. The Bank of Latvia also regulates the terms and conditions for banks’ interaction with the Credit Register.

The information base of the Register is supplemented by employees of various credit organizations in Latvia and abroad (if the company has subsidiaries abroad). Insurance companies can also enter information about their clients. As a result of this cohesive work of various financial structures, the Credit Register “knows” about any loan taken, even if you have just made it.

Who is entitled to use the credit register data

Who is entitled to use the credit register data

Credit record details for a particular person or company can be requested by any creditor. The bank receives the necessary information in an instant, provided that the interest is already the customer of the creditor or the guarantor. If the bank needs information about a potential borrower outside its system, it can do so, but only after applying for a loan or expressing a wish to act as guarantor.

If your bank or insurance company requests material for your credit information as a whole, it will receive not only information about your existing liabilities, but also about loans that have already been repaid , as well as information about delays and other breaches of payment schedules.

There is a separate category of borrowers

There is a separate category of borrowers

Who believe that the selection and analysis of such information by a third party violates the rights of the Latvian population. But this statement is not true. All users of the Credit Register are public financial market participants, many of whom are licensed for consumer credit. Therefore, it is the information provided by the Credit Register that helps such companies make a complete and objective assessment of the solvency of a particular customer in order to approve a loan application.

The result of receiving such news from the Credit Register was repeated refusals by banks to apply for a loan from their potential borrowers. Such situations are not uncommon: the applicant specifically conceals his or her existing debts and delays, but when the Credit Register issues individual information , the bank simply refuses to issue the money.

The existence and functioning of such a system is beyond doubt. Within a single year, the Credit Register receives millions of applications from various financial organizations for information on their loan applicants.

The Credit Register information issuance and receipt mechanism operates on the basis of the Bank of Latvia’s enhanced security system. All applications and responses are submitted electronically and only to members of the Credit Register . All information exchanged is identical and confidential.