Business news from Ukraine

Debts of Ukrainians for communal services may affect credit history – DTEK

Energy companies will periodically transfer information about household customers’ debts to the Ukrainian Bureau of Credit Histories, the press service of energy holding DTEK said.
“YASNO and the Ukrainian Bureau of Credit Histories have begun cooperating. Accordingly, the bureau will now receive information about YASNO customers who have accumulated debts for consumed electricity, and this information will be displayed in their credit history,” the statement said.
As it is noted, as of May 1, 2023, household consumers have accumulated arrears of more than one month for consumed electric power in the amount of more than 1.7 billion UAH.
“In order to encourage customers to be more responsible in paying for used electricity, YASNO will periodically transmit information about household customers’ debts to the bureau,” the department explained.
So, if a client has debts on utility bills, but wants to get a loan from a financial institution, the lender will be able to see his credit history and then make a decision on this issue.
At the same time, disciplined clients who pay on time for the services they consume will be able to build a positive credit history. This step will allow them to improve their credit reputation, receive more favorable loan terms and ensure their financial stability in the future, YASNO said.
“There are customers who don’t pay for used electricity and other utilities, but take out loans, such as for another new iPhone. It is precisely for such clients that such activity is designed,” said Sergey Kovalenko, YASNO general director.

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