2 Days
Source:
المصري اليوم
How to Check for Unknown Loans in Your Name
The article discusses an incident involving a school that secured consumer financings totaling 319 million Egyptian pounds in the names of parents without their knowledge. This has raised questions about how citizens can discover loans recorded in their names without their consent. The head of the Financial Regulatory Authority explained that the Authority has removed these debts associated with the financings from the credit records of the parents after verifying that they were unaware of and did not approve these loans. The article highlights the importance of regularly checking the credit report through the Egypt Digital platform, where citizens can inquire about their registered credit facilities and financial obligations. This helps them detect and deal with any incorrect information or unrecognized commitments, thereby safeguarding their financial accounts from fraud or unauthorized liabilities.
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