Creditinfo Malta

This article is about a credit rating company in Malta. See also the article about infrastrucuture in Malta or the list of Maltese companies.

Creditinfo Malta is a company that works with credit rating through providing a registration service for businesses who have recieved dishonoured checks or other bills of exchange.

[edit] Dishonoured checks and other bills of exchange

Due to the risks involved when handling un-guaranteed forms of payments, such as checks, Creditinfo Malta offers businesses a means to prevent fraud.

To help reduce risk, businesses can introduce the system offered from Creditinfo Malta as a deterrent to fraud instead of completely discontinuing accepting checks as a method of payment.

When Creditinfo Malta receives a dishonoured check, the name and information of the debtor is registered in their system. Following this, the debtor will receive a payment notification. If after two weeks the debt is not settled, the information about the debtor will go on-line - the information about the debtor becomes accessible by other businesses, banks etc. The information about the debtor will remain in the system of Creditinfo Malta until the debt is settled. During this time, it will be difficult for the debtor to acquire other credit or bank services. When the debt is cleared, the information about the debtor is removed from the system.

[edit] Creditinfo Malta Check Notice

Retail clients of Creditinfo Malta can affix a Check Notice printed by Creditinfo Malta clearly explaining the negative impacts associated with issuing a check without coverage. See an example of a check notice from the website of Creditinfo Malta.