Credit Register

Estonian Credit Register was established by Estonian banks in 2001 and it is administered by Creditinfo; it contains delayed payments of companies and private persons. The register was created with the aim to protect companies from chronic debtors and to improve people’s payment discipline.

The register reflects information about the date the debts were incurred and settled, the range of amount and the origin.  Information about payment defaults comes from the members of the Credit Register or other creditors.  Data regarding payment defaults is stored and is visible in the database for as long as 7 years since the debt was settled.

Only such debts are entered into the Credit Register, which correspond to certain conditions.  An official payment default is a debt, which:

• is delayed for more than 45 days starting from the day after the term of payment;
• amount with interest and penalty interest exceeds 30,00 euros.