Credit Checks in Egypt
Why credit reports are important?
Implementing credit enquiries as part of a screening process can provide employers with a valuable indication of a candidate’s sense of financial responsibility and track record. In addition to providing proof of identity, a credit check can disclose any bankruptcies, administration orders, ongoing loans and insolvencies present on an individual
Verifave is entitled to access The Egyptian Credit Bureau’s database to carry out creditworthiness check
A credit report for Egyptian citizens contains information about their credit such as status of credit liabilities, credit card payments and loan payment history. Lenders/Employers (either Banks or Companies/ Organizations) use the credit report which contains credit information to make lending or employment decisions.
Documents required for credit search in Egypt:
National ID Card, Passport or Driver’s Licence + consent form
Why credit reports are important?
Implementing credit enquiries as part of a screening process can provide employers with a valuable indication of a candidate’s sense of financial responsibility and track record. In addition to providing proof of identity, a credit check can disclose any bankruptcies, administration orders, ongoing loans and insolvencies present on an individual
Verifave is entitled to access The Egyptian Credit Bureau’s database to carry out creditworthiness check
A credit report for Egyptian citizens contains information about their credit such as status of credit liabilities, credit card payments and loan payment history. Lenders/Employers (either Banks or Companies/ Organizations) use the credit report which contains credit information to make lending or employment decisions.
Documents required for credit search in Egypt:
National ID Card, Passport or Driver’s Licence + consent form
Did You Know?
- By 2025, more than 47 million Egyptian citizen will have credit report as Egypt moving towards a cashless society
- This data comes from The Central Auditing Organization