Thailand clears bad credit records older than 8 year of 600,000 people.

Thailand's Credit Information Protection Commission annouced in the Royal Gazette clearing bad credit records older than 8 year for 600,000 persons from database so that they would be eligible for financial credit applications to commercial bankings.

In addition, another annoucement stated that, from now, savings cooperatives would be classified as legal financial institutions, thus allow credit information from the coops to be included in the credit rating database so that more people would have access to financial sources.

Ref : Post Today.