1. Business
2. Exchange of debtor data

Exchange of debtor data

Exchange of debtor data
The exchange of relevant information helps to create a more sustainable business ecosystem in Lithuania.
 By providing information about debtors in the credit bureau system, you help financial institutions, telecommunications companies, insurance companies, petrol station operators and other companies that assess the creditworthiness of customers using the credit bureau. Once a debtor’s information is entered into the system, they will be denied access to credit, communication, internet services, and other delayed payment arrangements. According to credit bureau data, more than half of enterprises who released information on their debtors recovered their debts within 30 days.