Browse Month: June 2019

About Credit Register

To be able to successfully get a loan nowadays, several conditions must be met. The main ones are that the customer does not have bad credit history, late payments or debt. Earlier, this information was only available to individual lenders individually, but on 1 January 2008 the Bank of Latvia’s Credit Register was launched.

The decision to establish such a register was adopted at the meeting of the Cabinet of Ministers of the Republic of Latvia on March 6, 2007, supporting the Ministry of Finance’s “Report on Development of Consumer Price Inflation and Proposals for Reduction”. The Credit Register is the Bank of Latvia’s information system.

 

About Credit Register

About Credit Register

It provides information on consumers who have received credits from banks registered in the Republic of Latvia, branches of foreign banks, companies providing credit risk services and insurance companies. This information is collected, stored and stored for the purpose of providing information to the Credit Register participants, the Financial and Capital Market Commission (FCMC), the Bank of Latvia and the borrowers themselves (natural and legal persons).

In this Credit Register, all debtor information that was previously stored in the Bank of Latvia’s Debtor Register, which was in operation from 2 June 2003 to 31 December 2007, was automatically registered. Credit Register participants are all companies and companies engaged in lending services in the territory of Latvia. the Bank of Latvia and the borrowers themselves (natural and legal persons). In this Credit Register, all debtor information that was previously stored in the Bank of Latvia’s Debtor Register, which was in operation from 2 June 2003 to 31 December 2007, was automatically registered. Credit Register participants are all companies and companies engaged in lending services in the territory of Latvia. the Bank of Latvia and the borrowers themselves (natural and legal persons).

All debtor information

All debtor information

In this Credit Register, all debtor information that was previously stored in the Bank of Latvia’s Debtor Register, which was in operation from 2 June 2003 to 31 December 2007, was automatically registered. Credit Register participants are all companies and companies engaged in lending services in the territory of Latvia. the Bank of Latvia and the borrowers themselves (natural and legal persons). In this Credit Register, all debtor information that was previously stored in the Bank of Latvia’s Debtor Register, which was in operation from 2 June 2003 to 31 December 2007, was automatically registered.

Credit Register participants are all companies and companies engaged in lending services in the territory of Latvia. the Bank of Latvia and the borrowers themselves (natural and legal persons). In this Credit Register, all debtor information that was previously stored in the Bank of Latvia’s Debtor Register, which was in operation from 2 June 2003 to 31 December 2007, was automatically registered. Credit Register participants are all companies and companies engaged in lending services in the territory of Latvia.

What information is collected in the Credit Register?

What information is collected in the Credit Register?

This information system collects information on borrowers – borrowers and guarantors. Information about borrowers’ credit history is collected, or liabilities that are fully executed or written off at loss. Data on current liabilities of borrowers in the Republic of Latvia, outstanding loans at end of quarter, delays in payments and their execution for both current payments and “historical” or debt liabilities have also been accumulated. Information is stored for 15 years after the end of the customer’s obligations.

The Bank of Latvia shall keep the periodicals for 3 years when the period has ended. Any participant of the Credit Register, its trustee, representative or authorized person shall be entitled to receive the information contained in the Credit Register. This can be done by submitting a written application in paper or electronic form.

10 tips to save energy at home and rejoice at the end of the month

Check which electric company suits you best. This is one of the most effective savings tips . For this you can consult a website to save or a comparator, or even the website of the CNMC, the National Commission of Markets and Competition.

Check with your electric distributor which offer is the most appropriate for your type of consumption : night time, flat rate … Also make sure that the electrical power you have contracted fits what you really need.

Equip your home with efficient appliances

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The savings power of class A +++ appliances can reach 70% in the case of refrigerators or water heaters, which are plugged in all day.

Choose your washing machine well. A machine with powerful cold programs or ‘eco’ programs will help you save water while consuming less energy. On the other hand, it is advisable to restrict, if possible, the use of the dryer . Dry your clothes in the sun whenever you can!

Control the temperature of your home according to the season of the year

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Even if it is cold now, do not waste heating : mark the appropriate temperature on the thermostat – no more than 22 degrees – and do not leave the windows open for a long time: the heat must remain inside the house. And in summer, do not make your home a freezer and maintain an average temperature of 25 ° C.

Make sure your windows and doors seal perfectly. Cold and heat usually escape through small imperceptible slits . Locate and cover them with self-adhesive rubber or silicone gaskets.

Keep an eye on the type of bulbs you use and the consumption of your lamps. Change them by LED lights . They are a bit more expensive, but they spend less and last longer.

Turn off equipment that you are not using completely

Turn off equipment that you are not using completely

The standby buttons do not cut the flow of current to the TV, for example. If you do not want to be plugging and unplugging your TV all the time, place a power strip with a switch that you can turn off and on when you need it.

Do not leave things plugged in if you do not use them. Forget that habit of leaving the mobile phone charger, a dryer or the electric toothbrush plugged in all day. Did you know that the resistance could be damaged? And, even if you don’t believe it, some devices still consume energy?

Always ask an expert electrician. Thanks to his experience, he can tell you in a personalized way where to save on the consumption of your home.