Egypt Credit Judgment & Litigation Check

## Who is the source of credit check data in Egypt? i-Score Credit Bureau ## What is the process in Egypt? The requesting party will request the check from the ATS or their Zinc account. 1. The candidate receives automated instructions to provide some personal details, a copy of their ID, and complete a letter of authorisation in a dynamic web form. 2. Zinc submits the request to the authorities. 3. Zinc receives the results (digitally) and provides a signed digital report. 4. The candidate receives a notification to say the process is complete. ## What details are required to submit the check? - First Name - Last Name - Birth Date - Consent - **Letter of Authorisation** - For citizens: - Both English and Arabic sections must be completed. - For foreigners: - The English section must be completed and we strongly recommend filling out the Arabic section in the language that you feel more comfortable with. - The LOA must be completed in handwriting and the wet signature (signed with a pen) should be the same as the signature recorded in the bank system when opening a bank account. - Phone number is strongly recommended, to avoid issues with bank providers. - If the candidate does not hold a local bank account (or claims not to have one), they should input the National Bank of Egypt or Egypt Bank in the field required in the Letter of Authorisation. - **Passport/ID Copy** - For citizens: - Both sides of a colour copy of a valid Egypt National ID Card. - For foreigners: - Colour copy of a valid Passport. - Note that a valid visa/work permit/residence permit is acceptable too for foreigners only in the case that the Passport is not available. ## What is covered in the credit check? The Adverse Financial verification process source provides credit data on all Egyptian citizens who have taken up a credit facility with any regulated financial institution in Egypt, as well as on foreigners legally residing in Egypt. The source maintains a database of credit information for both consumers as well as small- and medium-sized enterprises, and its information is derived from banks as well as credit registries, negative lists, and Egyptian courts. The credit reports are ordered through two licensed banks in Egypt: the National Bank of Egypt and Bank Misr. The data includes the following details: - official credit bureau consumer credit report with: - Record of the individual’s debt repayments (including a loan payment history and the status of all outstanding debts as well as a credit score to establish the individual’s level of repayment risk) - Legal actions covering bankruptcy and preventive reconciliation data The information in the database is updated 3 times per week based on credit data reported from the credit bureau's members; the credit file contains data covering up to 7 years and a minimum of 5 years (negative information (delinquencies) remains on the report for a set period of five years following repayment). ## Restrictions, Exclusions, Limitations: - The service is currently available for Egyptian citizens and foreigners legally residing in Egypt. - Following the current developments of the Central Bank of Egypt Law No. 194 of 2020, any credit history checks in Egypt should be processed only upon a fully filled-in Letter of Authorisation (Authorisation Form), handwritten and wet-signed by the candidate. - The check leaves a footprint on the individuals’ credit profile and influences their creditworthiness only if numerous (depending on timeline frequency, typically 6 or more) requests are made for the same individual’s report within 12 months. - The credit bureau forbids sharing credit information with third parties outside of the consent provided for the purposes of a credit check. ## What is the period covered by the check? - The information in the database is updated 3 times per week based on credit data reported from the credit bureau's members; the credit file contains data covering up to 7 years and a minimum of 5 years (negative information (delinquencies) remains on the report for a set period of five years following repayment). - The ID document is mandatorily required by the authorities for processing. ## Is there any potential candidate footprint? The check leaves a footprint on the individuals’ credit profile and influences their creditworthiness only if numerous (depending on timeline frequency, typically 6 or more) requests are made for the same individual’s report within 12 months. ## What is the expected turnaround time? [Here](https://zincwork.com/turnaround-times) ## Privacy statement The details contained in this report should not be used as the sole reason for making a decision. Zinc Work Ltd is not liable for any inaccuracies or incompleteness in the information appearing in this report since it is provided to Zinc Work Ltd by third parties. This report has been produced for the purchaser of the report and Zinc Work Ltd will have no liability to loss.