office@credit-ratings.eu
What We Do
We provide credit assessments for individuals and legal entities. This is necessary for obtaining loans or completing compliance procedures (KYC).
About Us
Our company specializes in providing credit assessments for individuals and legal entities. We help clients obtain an evaluation for securing loans or completing compliance procedures.
Our mission is to ensure the accuracy and reliability of credit assessments, contributing to the development of financial relationships.
Our mission is to ensure the accuracy and reliability of credit assessments, contributing to the development of financial relationships.
Our Services
We offer detailed assessments of credit ratings for both individuals and legal entities, which significantly simplifies access to financing and streamlines the completion of compliance procedures.
- Credit Rating AssessmentWe analyze the credit histories of individuals and legal entities to provide objective evaluations of their creditworthiness.
- Decision-Making SupportOur services help credit organizations and financial institutions minimize risks when issuing loans.
- Multilingual SupportWe provide services in two languages: Latvian and English, ensuring convenience for use by an international audience.
How It Works
The credit assessment process includes data analysis and modern technologies that ensure accuracy and prompt results.
Collecting data about the subject from various sources.
Analyzing the data using specialized algorithms and models.
Generating a credit rating based on the obtained results.
With a document for further use
Certificate Issuance
Providing clients with official certificates based on the generated credit rating.
For obtaining loans and completing compliance
Use of the Assessment
Credit assessments are used for making decisions on loan issuance and for completing customer verification procedures (KYC).
Support for two languages
Multilingualism
Our services are available in two languages: Latvian and English.
Customer Reviews
- Very satisfied with the assessment results. Everything was clear and fast. Highly recommend!Ivan PetrovIndividual Assessment
- Excellent work! The assessment was done quickly and professionally. Thank you!Anna SmirnovaIndividual Assessment
- Got an assessment for my business. Very satisfied with the quality and accuracy of the information. Thanks for the great work!Sergey IvanovBusiness Assessment
- My business was evaluated quickly and accurately. Very convenient and useful for further cooperation. Recommend!Maria KuznetsovaBusiness Assessment
Customer Support
We’re here to help! Contact us via chat, phone, or email — support is available 24/7.
News & Articles
Stay up to date with news and read useful articles on credit assessment and financial topics. We share relevant information for our clients.
Current events and updates in the company’s operations.
Latest Company News
Minimum Set of Documents for a Credit Assessment in LatviaObtaining a loan in Latvia — whether it is a consumer loan, mortgage, or car loan — requires going through a credit assessment procedure. This process allows the bank or credit institution to verify the applicant’s solvency and financial reliability. Although the requirements may vary slightly depending on the institution and type of loan, there is a standard minimum set of documents that is required almost everywhere.
1. Passport or Identity DocumentThe first and main document is an identity document.
For Latvian citizens, this is a passport or ID card.
For citizens of other European Union countries, a national identity card is sufficient, and for third-country nationals — a foreign passport along with a document confirming legal residence (for example, a residence permit).
Why it is needed: the lender must verify the applicant’s identity and legal status in the country.
1. Passport or Identity DocumentThe first and main document is an identity document.
For Latvian citizens, this is a passport or ID card.
For citizens of other European Union countries, a national identity card is sufficient, and for third-country nationals — a foreign passport along with a document confirming legal residence (for example, a residence permit).
Why it is needed: the lender must verify the applicant’s identity and legal status in the country.
Articles on Credit Assessment
Principles and Methods of Credit Assessment
Credit assessment is a mandatory stage when reviewing any loan application.
It allows the bank to determine the client's solvency and assess potential risks. Despite differences in approaches among various institutions, there are several standard criteria that are used almost everywhere.
Applicant’s IncomeThe bank evaluates the amount and stability of income, as well as its ratio to current financial obligations.
Why it matters: to ensure that the client will be able to make regular payments.
Credit HistoryPast loans, payment discipline, and any delays are examined.
Why it is important: a good credit history increases the lender’s trust.
Debt BurdenThe percentage of income already allocated to debt repayment is analyzed.
Purpose: to determine whether the debt load exceeds a safe level.
Assets and ReservesSavings and property may also be taken into account if they can strengthen the borrower’s profile.
Why it matters: having assets reduces the lender’s risks.
These methods help financial institutions make objective decisions, and help the client understand how to improve their chances of loan approval.
It allows the bank to determine the client's solvency and assess potential risks. Despite differences in approaches among various institutions, there are several standard criteria that are used almost everywhere.
Applicant’s IncomeThe bank evaluates the amount and stability of income, as well as its ratio to current financial obligations.
Why it matters: to ensure that the client will be able to make regular payments.
Credit HistoryPast loans, payment discipline, and any delays are examined.
Why it is important: a good credit history increases the lender’s trust.
Debt BurdenThe percentage of income already allocated to debt repayment is analyzed.
Purpose: to determine whether the debt load exceeds a safe level.
Assets and ReservesSavings and property may also be taken into account if they can strengthen the borrower’s profile.
Why it matters: having assets reduces the lender’s risks.
These methods help financial institutions make objective decisions, and help the client understand how to improve their chances of loan approval.
Articles on Compliance
Fundamentals of Compliance in the Financial Sector
Compliance plays a key role in the operations of financial institutions, ensuring adherence to laws, regulations, and internal policies.
These requirements help organizations minimize risks, increase process transparency, and protect clients.
Compliance with Regulatory RequirementsCompanies are obligated to follow legislation and the directives of supervisory authorities.
Why it matters: to avoid fines and ensure the legality of operations.
Internal Policies and ControlsRules are developed to regulate employee activities and business processes.
Why it is important: it helps maintain order and reduce operational risks.
Risk ManagementAssessment and prevention of potential violations and suspicious activities.
Purpose: to protect the financial institution and its clients.
Anti-Money Laundering (AML)One of the key components of compliance, aimed at detecting illegal operations.
Why it matters: it increases client trust and enhances market stability.
Compliance ensures the reliability of financial processes and helps organizations operate safely and effectively within the law.
These requirements help organizations minimize risks, increase process transparency, and protect clients.
Compliance with Regulatory RequirementsCompanies are obligated to follow legislation and the directives of supervisory authorities.
Why it matters: to avoid fines and ensure the legality of operations.
Internal Policies and ControlsRules are developed to regulate employee activities and business processes.
Why it is important: it helps maintain order and reduce operational risks.
Risk ManagementAssessment and prevention of potential violations and suspicious activities.
Purpose: to protect the financial institution and its clients.
Anti-Money Laundering (AML)One of the key components of compliance, aimed at detecting illegal operations.
Why it matters: it increases client trust and enhances market stability.
Compliance ensures the reliability of financial processes and helps organizations operate safely and effectively within the law.
LAT CREDIT RATINGS BUREAU
Reliable Credit Assessment — the Key to Safe and Transparent Financial DecisionsIn today’s world, the digital economy is developing at a rapid pace. Banks, microfinance organizations, investors, and partners require reliable information about clients and counterparties to make well-founded decisions.
This is exactly why LAT CREDIT RATINGS BUREAU was created — an innovative platform that provides digital credit assessments and analytical reports based on comprehensive data and proprietary algorithms.
This is exactly why LAT CREDIT RATINGS BUREAU was created — an innovative platform that provides digital credit assessments and analytical reports based on comprehensive data and proprietary algorithms.
Who We AreLAT CREDIT RATINGS BUREAU is a high-tech company specializing in assessing the creditworthiness of individuals and legal entities.
Our mission is to make financial relationships more transparent and secure by providing objective, analytically verified information about every subject.
We combine the expertise of professionals in financial analysis, risk management, and machine learning to deliver highly accurate and timely assessments for our clients.
What We DoThe primary goal of the company is to help businesses and private clients obtain a reliable credit rating assessment, which is essential for:
The report contains summarized information about the subject, their financial and behavioral profile, as well as a final rating score.
Our mission is to make financial relationships more transparent and secure by providing objective, analytically verified information about every subject.
We combine the expertise of professionals in financial analysis, risk management, and machine learning to deliver highly accurate and timely assessments for our clients.
What We DoThe primary goal of the company is to help businesses and private clients obtain a reliable credit rating assessment, which is essential for:
- obtaining loans and credit from banks and microfinance institutions;
- passing compliance procedures (KYC, AML, Due Diligence);
- confirming reliability for investors and partners;
- optimizing internal processes for verifying clients and counterparties.
The report contains summarized information about the subject, their financial and behavioral profile, as well as a final rating score.
How It Works
We use a comprehensive approach to credit assessment:
Data Collection:
We aggregate information from official registries, credit histories, court databases, open sources (OSINT), and internal partner data.
Analysis:
We process the data using artificial intelligence and machine learning technologies, identifying patterns, risks, and hidden correlations.
Rating Formation:
Based on a set of metrics, an individual rating (score) is calculated, reflecting the subject’s financial stability and trustworthiness.
Report Generation:
The client receives a digital report in a convenient format, ready to be submitted to banks, investors, or regulatory authorities.
Benefits for ClientsReliability. All data undergoes multi-level verification for accuracy.
Speed. The assessment and report are generated within minutes.
Objectivity. Algorithms are neutral and rely solely on factual data.
Confidentiality. We strictly comply with personal data protection standards and legal requirements.
Integration. Our solutions easily integrate with the client’s IT infrastructure (via API).
Why It MattersIn the era of digital finance, trust between market participants plays a crucial role.
Companies that proactively confirm their reputation and financial stability gain a significant advantage — better lending terms, access to investments, faster KYC procedures, and smoother compliance processes.
An up-to-date and accurate credit assessment is not just a metric — it is a tool that unlocks new opportunities for growth and collaboration.
We use a comprehensive approach to credit assessment:
Data Collection:
We aggregate information from official registries, credit histories, court databases, open sources (OSINT), and internal partner data.
Analysis:
We process the data using artificial intelligence and machine learning technologies, identifying patterns, risks, and hidden correlations.
Rating Formation:
Based on a set of metrics, an individual rating (score) is calculated, reflecting the subject’s financial stability and trustworthiness.
Report Generation:
The client receives a digital report in a convenient format, ready to be submitted to banks, investors, or regulatory authorities.
Benefits for ClientsReliability. All data undergoes multi-level verification for accuracy.
Speed. The assessment and report are generated within minutes.
Objectivity. Algorithms are neutral and rely solely on factual data.
Confidentiality. We strictly comply with personal data protection standards and legal requirements.
Integration. Our solutions easily integrate with the client’s IT infrastructure (via API).
Why It MattersIn the era of digital finance, trust between market participants plays a crucial role.
Companies that proactively confirm their reputation and financial stability gain a significant advantage — better lending terms, access to investments, faster KYC procedures, and smoother compliance processes.
An up-to-date and accurate credit assessment is not just a metric — it is a tool that unlocks new opportunities for growth and collaboration.
- Our ClientsBanks and microfinance organizations
- Fintech platforms and insurance companies
- Large corporations and retail chains
- Small and medium-sized businesses, self-employed professionals
- Individuals interested in an objective self-assessment of their credit profile
Our digital product is an analytical report generated through the processing of big data sourced from internal systems, open sources, and partner databases.
The report contains summarized information about the subject, their financial and behavioral profile, as well as a final rating score.
The report contains summarized information about the subject, their financial and behavioral profile, as well as a final rating score.
LAT CREDIT RATINGS BUREAU — your reliable partner in the world of digital analytics and risk assessment.
We transform data into a tool of trust — enabling every market participant to make decisions confidently, transparently, and safely.
We transform data into a tool of trust — enabling every market participant to make decisions confidently, transparently, and safely.
Frequently Asked Questions
A credit assessment is an evaluation of the creditworthiness of an individual or legal entity, helping determine their reliability when issuing loans or undergoing compliance procedures.
We use analytical systems, databases, and algorithms to analyze information about the subject and provide an objective assessment of their creditworthiness.
We use financial indicators, credit history, information about payment ability, and other relevant data for the assessment, such as:
- Bank statement for the last 6 months
- Employment certificate confirming income
- Income declaration or tax statement (for self-employed individuals)
- Documents confirming additional income (if applicable)
- Credit history and other background checks
- Additional documents (if required)
The cost of the service depends on the volume and complexity of the analysis, as well as the number of languages in which the information is provided.
Our service is available in Latvian and English.
The time required to provide the results depends on the volume and complexity of the analysis, but we strive to deliver them as quickly as possible.
Yes, we provide consultations on credit assessment matters and help clients understand complex situations.
Minimum Set of Documents for a Credit Assessment in LatviaObtaining a loan in Latvia — whether a consumer loan, mortgage, or car loan — requires undergoing a credit assessment procedure. This process allows a bank or credit institution to verify the applicant’s solvency and financial reliability. Although requirements may vary slightly depending on the institution and type of loan, there is a standard minimum package of documents required almost everywhere.
1. Passport or Identification DocumentThe first and primary document is an identity document.
For Latvian citizens — a passport or ID card.
For citizens of EU member states — a national identity card is sufficient.
For third-country nationals — a foreign passport and a document confirming legal residence (e.g., a residence permit).
Purpose: the lender must confirm the applicant’s identity and legal status in the country.
2. Bank Statement for the Last 6 MonthsThis is one of the key documents in the credit assessment. A bank statement allows the lender to see:
If the salary is deposited into an account at a different bank, a statement from that bank will be required.
3. Employment Certificate Confirming IncomeAnother mandatory document is a certificate from the employer. It must include:
Sometimes the bank may additionally contact the employer to verify the information.
4. Income Declaration or Tax Statement (for Self-Employed Individuals)If you are self-employed or own a small business, you will need to provide an income declaration submitted to the State Revenue Service (VID).
A tax payment statement may also be required to confirm financial transparency.
5. Documents Confirming Additional Income (if applicable)If you have other sources of income — such as rental income, dividends, pension, or social benefits — you may also declare them. Required documents include:
6. Credit History and Other Background ChecksAlthough the credit history is not a document provided by the applicant, the bank will request it through the Latvian debtor register.
Note that outstanding debts or past delays may negatively affect the lender’s decision.
7. Additional Documents (if required)Depending on the type of loan, the following may be necessary:
The main goal is to ensure that the future borrower is able to meet their obligations on time.
By preparing the minimum set of documents in advance, you can speed up the approval process and increase your chances of obtaining better conditions within our credit assessment service.
1. Passport or Identification DocumentThe first and primary document is an identity document.
For Latvian citizens — a passport or ID card.
For citizens of EU member states — a national identity card is sufficient.
For third-country nationals — a foreign passport and a document confirming legal residence (e.g., a residence permit).
Purpose: the lender must confirm the applicant’s identity and legal status in the country.
2. Bank Statement for the Last 6 MonthsThis is one of the key documents in the credit assessment. A bank statement allows the lender to see:
- stability of income sources
- regularity of incoming payments
- level of current expenses and financial burden
- existing loans, leases, and other obligations
If the salary is deposited into an account at a different bank, a statement from that bank will be required.
3. Employment Certificate Confirming IncomeAnother mandatory document is a certificate from the employer. It must include:
- employer's details (name, registration number, address)
- applicant's job position
- employment start date and type of employment contract
- salary amount (usually both gross and net)
- contact information of the person issuing the certificate
Sometimes the bank may additionally contact the employer to verify the information.
4. Income Declaration or Tax Statement (for Self-Employed Individuals)If you are self-employed or own a small business, you will need to provide an income declaration submitted to the State Revenue Service (VID).
A tax payment statement may also be required to confirm financial transparency.
5. Documents Confirming Additional Income (if applicable)If you have other sources of income — such as rental income, dividends, pension, or social benefits — you may also declare them. Required documents include:
- rental agreement and proof of payments
- certificate from the State Social Insurance Agency (VSAA)
- confirmation of dividends or interest income
6. Credit History and Other Background ChecksAlthough the credit history is not a document provided by the applicant, the bank will request it through the Latvian debtor register.
Note that outstanding debts or past delays may negatively affect the lender’s decision.
7. Additional Documents (if required)Depending on the type of loan, the following may be necessary:
- Mortgage loan: property documents, property valuation, deposit agreement, etc.
- Car loan/lease: purchase agreement, invoice
- Guarantor: the same set of income and employment documents
- Summary: Basic Minimum Package of DocumentsPassport / ID card
- Bank statement for the last 6 months
- Employment certificate
- Proof of employment and income
- Tax declaration (for self-employed individuals)
The main goal is to ensure that the future borrower is able to meet their obligations on time.
By preparing the minimum set of documents in advance, you can speed up the approval process and increase your chances of obtaining better conditions within our credit assessment service.
Contact
+371 29722970
office@credit-ratings.eu
office@credit-ratings.eu
Address
Darzu str. 37, Rezekne, Latvia
Directions
We are located in the northern part of the city of Rezekne. Beautiful city of Latvia. The nearest subway is the North Road.
© 2021 LAT CREDIT RATINGS BUREAU
Darzu str. 37, Rezekne, Latvia
+371 29722970
office@credit-ratings.eu
+371 29722970
office@credit-ratings.eu