Colombia Credit Judgment and Litigation Check

## Who is the source of the financial integrity check data in Colombia? TransUnion Colombia ## What is the process in Colombia? The requesting party will request the check from the ATS or their Zinc account. - Automated instructions are delivered to the candidate to provide personal details in a dynamic web form. - Zinc submits the request to the authorities. - Zinc receives the results (digitally) and provides a signed digital report. - The candidate receives a notification to say the process is completed. ## What details are required to submit the check? - First Name - Last Name - Birth Date - Consent - **Document Type** - For Colombian citizens: Citizenship ID (Cédula de Ciudadanía) - For foreign citizens in Colombia: Foreigner ID (Cédula de Extranjería) - **Government ID Number** - For Colombian citizens: Citizenship ID (Cédula de Ciudadanía) - For foreign citizens in Colombia: Foreigner ID (Cédula de Extranjería) - Expired documents are not accepted ## What is covered in the financial integrity check? Our provider accesses TransUnion Colombia to conduct Bad Payment History verification in the country. The process provides negative credit information related to late payments, defaults, and/or unpaid debts concerning both Colombian citizens and lawful foreign residents. This data can come from banks, credit card issuers, telecom companies, cooperatives, retailers, or other financial institutions, and the check is conducted with the consent of the individual. The check has nationwide coverage. The verification leaves a footprint on the candidate's credit profile, and the check may affect the individual's creditworthiness. The verification is conducted with the highest compliance standards, in accordance with applicable laws. ## What is the period covered by the check? - The "Ley de Borrón y Cuenta Nueva" (Law 2157 of 2021) in Colombia established a financial amnesty regime that ran from October 29, 2021, to October 30, 2022. It allowed individuals to clear negative entries in credit bureaus automatically if they paid off outstanding debt during that period, creating a clean credit record without having to submit a request. Due to this law, the visualisation of obligations is limited to a maximum of 4 years. - Please note that companies report the previous month's data during the first 10 days of each month. For example, if today is July 9, there will be access to information from May and earlier, going back up to four years. ## Is there any potential candidate footprint? Yes. The verification leaves a footprint on the candidate's credit profile, and the check may affect the individual's creditworthiness. ## Restrictions, Exclusions, Limitations - The verification leaves a footprint on the candidate's credit profile, and the check may affect the individual's creditworthiness. - If the person has no credit history, no report will be generated. Those with credit history will show reports of active and closed accounts. - In case of records, only the type of obligation (e.g., credit card) or the entity with which the obligation exists will be indicated. However, the specific entity is not reported — only the type. For your reference, please find below the types of entities or sectors: - Real Sector: Debt information related to the acquisition of goods and the provision of services. - Solidarity Sector: Composed of associative, non-profit enterprises where members are both contributors and managers. - Financial Sector: Banks, financial corporations, finance companies, insurance companies, trust companies, leasing companies, pension and severance fund administrators, securities market intermediaries, brokerage firms, and entities within the general health social security system (EPS with financial operations). ## 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.