FEATURES OF CREDIT BUREAU ACTIVITIES IN RUSSIA AND ABROAD
Subject/Topic The article provides a comparative analysis of domestic and foreign experience in the functioning of the Credit Bureaus institute. The main foreign systems’ mechanisms of collection and storage of information for credit histories were considered. Moreover, the conclusions were drawn regarding foreign experience applicability in Russian practice. In addition, the main problems in the activities of the Russian CB were identified and the ways to solve them were outlined. Goals/Objectives Provision of comparative analysis of the activities of Credit Bureaus in Russia and abroad and determination of the current level of development of domestic Credit Bureaus. Methodology In this paper, through the use of historical, comparative and statistical analysis, were identified the features and development trends of the institute of CB in Russia and abroad. Conclusions and Relevance Despite the fact that the institute of the Credit History Bureau in Russia is young in comparison with other countries, the positive experience of foreign countries was successfully implemented in the Russian Federation. But it did not help to avoid the problems in the institute’s activity due to the constantly changing socio-economic situation in the country, which indicates the need for rapid intervention by the governing bodies.