Czech Post now offers Comprehensive Statements – a comprehensive overview of credit obligations, insolvencies, and foreclosures

"Czech Post branches will once again offer another service to customers. Our network has the capacity to safely handle this new option for customers. Overall, these new services raise the standard of our post offices. Another huge advantage is that statements are also issued in English. This allows us to offer assistance to foreign customers, for whom the Post Office is a trusted partner," says Martina Ivanová, director of the Czech Post branch network.

This step will increase the availability of important information about customers' credit history for both companies. At branches with the Czech POINT service, anyone can find out about their financial obligations through a comprehensive statement. When a client applies for a loan, financial institutions verify their creditworthiness and trustworthiness in credit registers. In particular, they check whether the client has been repaying their existing obligations properly and without delay and whether they have provided all the required information truthfully in their loan application. If the comprehensive statement shows that the client is repaying properly and on time, they have a better chance of getting a loan—sometimes with more favorable terms—than a client who repays their obligations late or not at all. The comprehensive statement is also proof of citizens' payment history and helps them monitor whether anyone has misused their identity to obtain a fraudulent loan.

"A comprehensive statement may be requested by a natural person, entrepreneur, or legal entity. Natural persons and natural persons engaged in business must be of legal age, legally competent, and must provide proof of identity, or be represented by an officially certified power of attorney. Foreign natural persons are required to prove their identity by presenting a passport or proof of permanent residence in the Czech Republic. This simplifies access to the Comprehensive Extract for foreign persons, as they no longer need to have their identity notarized and then apply for an extract. Legal entities apply for an extract through their statutory representatives in accordance with the rules of procedure specified in the Commercial Register," explains Romana Knyblová, Consumer Services Project Manager at CRIF.

"The Czech Post is becoming an extension of the state, and services such as credit overviews are strengthening its role in society. Today, the state-owned company would not be able to survive on traditional postal services alone, so it is logically exploiting its networks to meet the interests of its clients," says Lukáš Hendrych, Deputy Minister of the Interior.

By establishing cooperation, Česká pošta and CRIF, together with the Banking and Non-Banking Register of Client Information, are strengthening their role in social responsibility, contributing to raising awareness of financial literacy, and continuing the trend of bringing useful agendas closer to the general public.