Useful information

Credit history shows how you have fulfilled and continue to fulfill all your financial-credit obligations.

Your credit history includes only the data of the last 5 years from the moment of the inquiry on the credit history (loans received: their number and amount, the type and terms of each loan, the fulfillment of repayments arising from the loan, the guarantees provided by other people, the existence of overdue loans, as well as the set for them penalties and fines).

For example: If your credit history is inquired in July 2024, your credit history will only reflect information from July 2019 onwards.

Please also note that receiving a credit report from the ACRA credit bureau once a year is free.

Once a year, you can get your credit report online from the ACRA credit bureau website (www.acra.am) and check your credit behavior. If you notice any errors, contact the creditor to correct them.

The score is the assessment of the Customer's creditworthiness formed in the scoring system, which is obtained as a result of the analysis of various available information about the customer and the application of statistical methods. Based on the score, the possible credit limit, term and other conditions for a specific type of loan can be determined.

Arfin UCO LLC uses the ACRA scoring system in the crediting process, where customer data is collected and analyzed, as well as the information received from various available information sources, ACRA credit bureau, EKENG, NORK and other information databases. The scoring algorithm is based on a number of key parameters, including the customer's credit history and financial behavior, credit load, income and other factors.

To improve the SCORE score, the borrower can:

Pay off or reduce the number/amount of overdue loans,
In the future, excluding the formation of overdue liabilities even for one day,
Reduce the number and amount of guarantees issued,
To ensure the full repayment of overdue amounts in terms of given guarantees,
Reduce the number and balances of existing loans by paying them off in part or in full.
You can find out more by following the links below:
abcfinance.am
acra.am

To build a good credit history, you need to:

Dear customer,

When you apply for a loan, the Credit Organization/Bank assesses how responsible you are as a borrower before making a decision to grant you a loan.

If you have built a "good credit history", the Credit Organization/Bank is likely to provide you with the loan you requested easier, faster and with more favorable conditions.

If you believe that there are incomplete or incorrect data in your credit history, you can contact the ACRA credit bureau to find out what data is stored there about you and what is the source of the incorrect or incomplete information. You can apply to the ACRA credit bureau by submitting a written application in accordance with the procedure established on the website www.acra.am

In order to correct incorrect or incomplete data in your credit history, you can also contact us in writing with a complaint request form:

In person at the UCO Headquarters or any UCO representative offices
By mail: Republic of Armenia, Yerevan str. Buzand 1sh. 1/1 at the address
Email by sending an email to info@arfin.am