INACCURATE INFORMATION IN CREDIT IISTORIES: LEGAL ASPECTS OF FORMATION, CORRECTION, AND JUDICIAL PROTECTION |
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Author |
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In heading |
Analytical and practical research; | ||||
Signed print |
27.11.2025 | Issues number |
2025 - № 4 (63) | Page |
110-136 |
Type of articles |
Scientific article | Code UDK |
347.73: 336.22 | ISSN print |
2411-5584 |
Abstract |
This article offers a comprehensive analysis of the legal regulation governing the formation, use, and correction of credit histories in Ukraine. The study examines the composition of stakeholders involved in these legal relations - including credit history bureaus, users of such bureaus, and subjects of credit histories - and delineates their respective functional roles in the collection, transmission, and processing of information. Special attention is devoted to the examination of key principles established by legislation, particularly the protection of constitutional rights and freedoms of data subjects, the accuracy and comprehensiveness of information, and the requirement of obtaining an individual's consent for data processing. These principles are identified as central to the analysis, as they constitute the foundation for the lawfulness and legitimacy of credit-information processes that directly affect data quality and lie at the core of protecting the rights of credit history subjects. The article further analyzes the statutory classification of information constituting a credit history, including identifying data, information on the fulfillment of monetary obligations, data from public and state registers, and records of operations involving credit information. Тt additionally highlights categories of information the collection of which is prohibited - such as data concerning nationality, political views, or health status - thereby ensuring compliance with privacy and proportionality requirements. The study also examines the information contained in the inquiry register as an essential element ensuring transparency in the circulation of credit data. Separate attention is paid to judicial practice, particularly to judicial protection of the rights of credit history subjects in cases challenging unlawful actions of users and credit history bureaus regarding the transmission or inclusion of inaccurate information in a credit history, as well as the transfer and processing of information without the subject's consent. The analysis addresses available legal remedies, judicial approaches to the evaluation of evidence, and the courts' efforts to balance the rights of credit history subjects with the interests of market participants. The findings contribute to a holistic understanding of the mechanisms of legal regulation in this field and outline potential directions for improving the regulatory framework governing the institution of credit history. | ||||
Keywords |
credit history, credit history bureau, bureau user, personal data, personal data protection, judicial protection, information, inaccurate information, credit, credit transaction. | ||||
Reviewer |
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External reviewer |
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Article in PDF |
Visnik Ekonom teor_4_2025_110-136 | ||||
Bibliography |
Parashchenko, О. К. (2025). Nedostovirni vidomosti v kredytnykh istoriiakh: pravovi aspekty formuvannia, koryhuvannia ta sudovoho zakhystu [Inaccurate information in credit histories: legal aspects of formation, correction, and judicial protection]. Ekonomiсhna teoriia ta pravo - Eсonomiс Theory and Law, 4(63), 110-136. DОI: https://doi.org/10.31359/2411-5584-2025-63-4-110 [in Ukrainian]. | ||||
Code DOI |
https://doi.org/1О.31359/2411-5584-2О25-63-4-11О | ||||
This post is also available in: Ukrainian
19.06.2026
