Value To Society

The main goal of ACRA Credit Bureau is to facilitate improvements in the performance of the financial sector and strengthen the business environment in Armenia by supplying information to market participants in regards to the creditworthiness of physical and legal entities, as well as to provide high quality services and meet the needs of the whole financial community and general public.

The establishment of a modern credit reporting system in the country will decrease the time and costs of the borrowers' risk assessment procedures, facilitate the most optimal allocation of financial sector credit resources and boost credit volumes in the economy. Thus, by cooperating with ACRA Credit Bureau the business community gets the opportunity to

• quickly and easily assess the customers' credit risk potential by receiving cumulative information on their previous payment behavior patterns and current credit obligations with various financial and non-financial institutions,
  
• discover and attract creditworthy customers,
  
• streamline the account opening and application process,
  
• monitor irresponsible borrowers and be protected from bad debts,
  
• save time and money spent on information gathering by receiving the borrower's credit report within seconds,
  
• minimize the credit risk in the financial sector as consumers become more cautious while fulfilling their financial obligations to avoid getting negative information into their credit reports. This fact contributes to the formation of a REPUTATION factor in general public mentality as an additional device to stimulate repayment of loans,
  
• accelerate their risk assessment, account qualification and approval processes,
  
• significantly lower interest rates on loans and credit arrangements by reducing the risk involved in lending,
  
• get informed about both their domestic and international potential partners,
  
• consistently apply their decision criteria to approve customers and sell new services.

• building and maintaining their credit history to obtain credit at more favorable conditions (lower interest rates and collateral requirements),
  
• getting easier access to loans, as well as various credit transactions,
  
• saving time and money otherwise spent on acquiring different documents proving their identity and creditworthiness,
  
• being constantly well-informed about the overall picture of the fulfillment of their financial obligations, as a result of which they become more cautious, learn to correctly manage their budget and to avoid getting negative information into their credit report, and
  
• using their credit history as a powerful asset both in the country and abroad.