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ARTICLE · 16 JANUARY 2014

The New Practice Of Turkey’s First Credit Bureau

GSG Attorneys at Law
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A credit bureau is a company that collects information from various sources and provides consumer credit information on individuals for a variety of uses.

TurkeyConsumer Protection
Ogün Köprülü, LL.M.
Ogün Köprülü, LL.M.

A credit bureau is a company that collects information from various sources and provides consumer credit information on individuals for a variety of uses. Accordingly, credit bureaus provide information on individuals' borrowing and bill-paying habits and then evaluate gained information. This information becomes a powerful tool for financial institutions and both corporations and real persons that will give a loan or enter into business relationship with individuals to predict their future behaviour.

History of Kredi Kayıt Bürosu

In Turkey, credit information of a customer was not allowed to be exchanged between the financial institutions until the amendment of former Banking Law numbered 3182. However, with the amendment, financial institutions were become able to share information of their customers with other financial institutions.

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