Published On: Tue, May 13th, 2014

Central Bank wants credit registration

Central BankWILLEMSTAD - The Central Bank of Curaçao and Sint Maarten wants a credit bureau in Curacao. That means that anyone who borrows money, but does not repay on time will be included in a credit register.

The purpose of this registration is that those who default will no longer be able to borrow money from any official financial institution. According to the Central Bank this will reduce the losses on loans. Loan application can also be treated more quickly.

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