Free «STOP kredīts» tool on credit bureau portal helps guard against fraud and rash loans

A free tool called «STOP kredīts» is available on the portal of the Credit Information Bureau. It is intended to help people protect themselves from fraudsters and from loans taken out without enough thought.

Two trends noted in the source explain why. People are using credit and other types of loans more and more often. At the same time, the amount of money that scammers extract from people is also growing.

The source gives no further details on how the tool works, nor any figures on the scale of the fraud.