Transunion Arrives in El Salvador

Salvadorans may review their credit history using the U.S company’s services.

Friday, July 1, 2011

In order to expand in the region and help in the process of streamlining credit procedures in the country, the U.S. company has recently announced the opening of offices in El Salvador.

The company, which specializes in managing credit information and risk assessment, will firstly provide a credit history service, and then will open a customer service office.

An article in Laprensagrafica.com notes: "Transunion now operates in nine Latin American countries. The opening of offices in El Salvador is part of its aggressive expansion plan. "El Salvador plays an important role in our expansion strategy in Latin America," said its president for Latin America, Maria Olga Rehbein.

According to Rehbein, the company promises to bring the country a wide portfolio of services, including products for verification and fraud prevention, analysis, risk management, improved levels of collection and decision making, all with the goal of helping credit institutions provide much more flexible loans. "



More on this topic

Panama: Credit History Law Enacted

January 2021

The law regulating the service of information on the credit history of consumers in the country was published in the Official Gazette.

After the legislative plenary approved in third debate initiative 424, which modifies Law 24 of 2002 related to this system of registration in the Panamanian Association of Credits (APC), in the last days of 2020 the Executive approved the bill.

Credit History Bill Gets Endorsement

October 2020

The National Assembly of Panama approved in third debate a bill that regulates the service of information on the credit history of consumers.

The legislative plenary approved in third debate initiative 424, which modifies Law 24 of 2002 related to this registration system in the Panamanian Credit Association (APC), in order to create a data model or credit information that is fair and balanced between financial agents and credit clients, the Assembly informed.

Equifax Acquires Credit Reporting Company

September 2011

Equifax, a company that specializes in credit history and software development, has acquired the Costa Rican company Datum.

A press release from Equifax reads:

Datum collects, synthesizes and provides consumer credit data to banks, telecommunications companies and retail and insurance businesses throughout Costa Rica. The company’s headquarters are in central San Jose.

El Salvador: Security of Personal Data

February 2011

The bill studied by the National Assembly seeks to ensure the proper use of people´s credit history.

The Law on Regulation of Information Services credit history ensures that an individual's credit information is handled only by banks and credit bureaus.

"For the members the challenge of this law is to regulate the misuse of information, but also allow banks to continue operating a database that will reduce the risks when granting credit,” adds Elsalvador.com.