Getting Credits

To provide information on access to credit information and the mechanism in supporting and protecting
borrows and lenders. This section discusses credit information that inventors can obtain. Usage of collateral
and claiming orders in the case of insolvency. Useful Information when Giving/Getting financing:

1) Credit Information

• Eligible Requesters

         In Thailand, the National Credit Bureau (NCB) is responsible for collecting and disclosing
         credit information. Third party credit information are disclosed to member finacial institutions,
         while ordinary persons and legal entities may only request for their own records.

• Storage Period

         Payment history within the last 36 months, showing the actual status of payment every month-end.
         Information of closed accounts will remain in the database for another 3 years. The information
         will be erased from the credit information system month by month, starting from the oldest until
         the 36th month.

• Type of Information (Example of disclosed information)

         - Info on legal entities and ordinary persons

         - Credit accounts

         - Payment History

2) Legal Rights in Collateral

• Immovable Property
  Denotes land and assets permanently attached to or is part of the land.
   
• Movable Property
  Denotes properties other than immovable property, including the rights attached.

3) Legal Rights in Claims

    In the case where the Court had an order for bankruptcy, the step of disposal or money 
    after public auction shall be as follows: 
   

For more information: National Credit Bureau

For download: Credit Information Business Act B.E. 2545 (2002)

Download image: Requesting Credit Information