Credit Checks In Cambodia

If you are a typical middle class Cambodia citizen

, chances are you already have some credit established either through a credit card, home, car or other loan. If you are applying for a loan or credit, it is important to understand how this works in the Cambodia.

The Credit Management Association of Cambodia, also known as CMAP governs all financial institutions that provide loans and credit. All loan and credit information is managed by CMAP, so whether you have made all of your monthly payments on time, paid off a loan, or defaulted on a loan, all is kept in CMAP, typically for a period of 5 years.

When you try to open a bank account or apply for a loan, CMAP is checked first. Also when you apply for a loan or credit card, your eligibility and rates are determined by your CMAP credit score. Here are the current score rankings:

Excellent Credit - 750-850 Good Credit - 660-749 Fair Credit - 620-659 Bad/Poor Credit - 350-619 No Credit - 0-0

Southeast Asia Private Investigators has seen a dramatic rise in background checks from foreign customers. Background checks often focus on brides, girlfriends, and internet dating relationships, as well as business partners and investors. With the high degree of fraud in the Cambodia, getting a background check or due diligence investigation is an important security decision. Proceeding in a personal or business relationship without one can be very costly. Checking someone's credit score and history is also another way to understand someone's background and economic stability.

Despite the fraud, there are opportunities in Cambodia, both for personal and business relationships. Beautiful brides and profitable business ventures do exist, but hiring a Cambodia private investigator to do a professional background check is an effective way to protect yourself.

Southeast Asia Private Investigators offer discreet private investigative and detective services at affordable rates. Our team of highly experienced and trained local and expat agents cover all of the Cambodia and work with local police, NSO, embassies, as well as other government agencies.

For more information or a free quote, contact us at www.Philippines-PI.com or info-seapi@Philippines-PI.com.

Best Regards, Andre

Copyright 2010 All Rights Reserved

Author Bio: Mr. Andre Tuyet has over 15 years of experience in private investigation services and has served as an advisor for international companies involving foreign personnel and customers. He is a senior advisor for Philippines Private Investigators, Vietnam Private Investigators, Indonesia Private Investigators and Thailand Private Investigators as well as a graduate of University of California, and has managed hundreds of investigations in the Southeast Asia region.

by: Andre Tuyet

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