Loans for individuals

Consumer Loans Information regarding the loan decision-making process.A customer's loan application is approved if:The customer has submitted reliable and complete documents;The customer has a positive or neutral credit history;The customer has a stable source of income;The collateral offered by the customer meets the criteria acceptable to the organization.A customer's loan application is rejected if:The customer failed to submit the documents required to obtain a loan;A request to the Central Bank of Armenia Credit Registry and/or ACRA Credit Bureau reveals that the customer (including co-borrowers, guarantors, and cohabitating family members) has a negative credit history. Credit history is considered negative if the customer has had or currently has credit obligations that were serviced with delays or were classified in accordance with the regulation on "Classification of loans and receivables and formation of provisions for possible losses of banks operating in the territory of the RA," approved by the Central Bank of Armenia and the Ministry of Finance and Economy of the RA;The creditworthiness assessment reveals that the customer is not creditworthy;The valuation of the property offered as collateral reveals that it is not acceptable to the organization;The customer provided unreliable information;The loan application was approved, but the customer failed to appear or submit the necessary documents within 15 days following the approval;Information about the customer has become known during the lending process that casts doubt on their solvency.The Essence and Importance of Credit History Credit history shows how you have fulfilled and continue to fulfill all your financial obligations. It contains information about your loans (number, amount, type, and terms), repayment performance, guarantees provided to others, overdue loans and penalties, unpaid utility bills, and your average salary over the last six months.Credit history does not contain personal information such as ethnic background, political views, social status, hobbies, religious beliefs, or health data. It includes data only for the last 5 years from the moment of the request.The Essence and Importance of Credit SCORE Banks and credit organizations consider your credit SCORE to determine how risky a borrower you are. A high SCORE indicates low risk and can help you get a loan and influence the interest rate. Currently, 3 types of SCORES are used in Armenia (ACRA, FICO, and proprietary systems). "Gladzor UCO" CJSC uses its own scoring system based on specific factors.Key factors underlying the credit scoreThe impact of factors on the credit scoreLoan repayment performanceDelays in fulfilling credit obligations lower the credit scoreLength of credit historyA long and positive credit history improves the credit score.Debt burden (number of active loans and outstanding balances)A high debt burden lowers the credit score.Number and frequency of new credit applicationsFrequent inquiries for new credit lower the credit score.Work experienceLong-term work experience improves the credit score.Income levelHaving a high and stable income improves the credit scoreFor more details: www.abcfinance.am www.acra.amThe impact of credit inquiries on the credit score Depending on the type of credit inquiry, it may affect the types of scores used by the ACRA Credit Bureau (ACRA Score and FICO Score), as well as the proprietary credit scores used by financial institutions.Details regarding the purposes of inquiries and their impact on the credit score are presented in the table below:Purpose of credit inquirySub-purpose of credit inquiryImpact on credit scoreNew credit application LowersGuarantorNew credit applicationLowersAffiliated person Does not affectMonitoring of an existing loan Does not affectGuarantor– Existing loan–Monitoring of an existing guarantorDoes not affectEvery time a credit inquiry is made regarding a consumer, if that inquiry will affect the credit score (FICO, ACRA, or internal score), Gladzor UCO CJSC notifies the consumer about it within a maximum of 2 business days after the inquiry, specifying the date of the inquiry, the purpose (e.g., granting a new loan, increasing the loan amount), and the type (credit history or score), as well as information or a link to the relevant page of the website(s) containing information about credit history/credit score.Gladzor UCO CJSC provides the above information to the consumer free of charge via electronic message. If it is impossible to send this information via electronic message when making inquiries affecting the consumer's credit score (when the consumer does not have an email address), Gladzor UCO CJSC informs the consumer by other available means (e.g., via SMS, in person, or by mail).For more details: www.acra.am www.abcfinance.amImprovement of Credit History and SCORE How to improve your credit history If you have already formed a "bad" credit history, it is not enough to just "sit and wait" for 5 years for your credit history to be "cleared." Throughout that entire period, it is necessary to:Exclude even one-day delays in fulfilling obligations on current loans.Fully repay previously overdue loan payments.Avoid becoming a guarantor for unreliable persons in the future.How to increase your SCORE To increase your score, you must first correct the main reasons for its decline. Specifically, it is necessary to repay current overdue obligations at the first opportunity. Also:Ease the credit burden by repaying existing loans partially or fully.Make payments according to the set schedule, excluding delays and demonstrating disciplined behavior.Reduce given guarantees by decreasing their number and amount, as well as ensuring full repayment of overdue obligations in this regard, if any.For more details: www.abcfinance.am www.acra.amActions to correct incorrect or incomplete credit history If there is incorrect or incomplete data in the client's credit history, then for the purpose of clarification and correction, the client may, in accordance with the provisions of Article 20 of the RA Law "On Circulation of Credit Information and Activities of Credit Bureaus," notify the credit bureau (ACRA Credit Reporting CJSC) or directly contact the financial organizations providing the information. Notification can be made by submitting a relevant written application to the credit bureau or electronically online from the "My ACRA" personal office. The process of accepting and reviewing client complaints regarding credit reports provided by the credit bureau is defined by the "Dispute Resolution Procedure" of ACRA Credit Reporting CJSC.For more details: www.acra.am www.abcfinance.amInterest calculation procedure The interest rate is applied to the actual balance of the loan, based on a 365-day year. ATTENTION: LOAN INTEREST IS CALCULATED BASED ON THE NOMINAL INTEREST RATE. THE ANNUAL ACTUAL INTEREST RATE SHOWS HOW MUCH THE LOAN WILL COST YOU IF INTEREST AND OTHER PAYMENTS ARE MADE IN THE DEFINED TERMS AND AMOUNTS. YOU CAN FIND THE CALCULATION PROCEDURE FOR THE ANNUAL ACTUAL INTEREST RATE BELOW.Loan repayment is made: By cash:Directly at the credit organization's cash desk (address: Yerevan, 1b Charents St., #42).By non-cash:Ardshinbank CJSC accounts – AMD 2474602514470000, USD 2474602514470010,IDBank CJSC accounts – AMD 11817068806300, USD 11817068806301,Artsakhbank CJSC accounts – AMD 22325000913900, USD 22325000913902,AMIO Bank CJSC accounts – AMD 11500583623036, USD 11500993230832,Via Telcell terminals and Telcell Wallet e-wallet: by selecting "Gladzor UCO" CJSC from the list of credit organizations and entering the loan code indicated on the first page of your loan agreement.Terms of statement provision On the 16th of each month, Gladzor UCO CJSC provides consumers free of charge, via electronic communication (e-mail), with written information regarding the consumer's obligations arising from the credit agreement, the grounds for their emergence, and repayments, in accordance with the conditions of Regulation 8/05.Gladzor UCO CJSC is supervised by the Central Bank of Armenia.Attention Gladzor UCO CJSC is not responsible for the accuracy and reliability of the content of other websites linked on its site, nor for the advertisements placed on them. The financial organization is not liable for any potential consequences resulting from the use of information posted on those websites.

Consumer Loans Information regarding the loan decision-making process.A customer's loan application is approved if:The customer has submitted reliable and complete documents;The customer has a positive or neutral credit history;The customer has a stable source of income;The collateral offered by the customer meets the criteria acceptable to the organization.A customer's loan application is rejected if:The customer failed to submit the documents required to obtain a loan;A request to the Central Bank of Armenia Credit Registry and/or ACRA Credit Bureau reveals that the customer (including co-borrowers, guarantors, and cohabitating family members) has a negative credit history. Credit history is considered negative if the customer has had or currently has credit obligations that were serviced with delays or were classified in accordance with the regulation on "Classification of loans and receivables and formation of provisions for possible losses of banks operating in the territory of the RA," approved by the Central Bank of Armenia and the Ministry of Finance and Economy of the RA;The creditworthiness assessment reveals that the customer is not creditworthy;The valuation of the property offered as collateral reveals that it is not acceptable to the organization;The customer provided unreliable information;The loan application was approved, but the customer failed to appear or submit the necessary documents within 15 days following the approval;Information about the customer has become known during the lending process that casts doubt on their solvency.The Essence and Importance of Credit History Credit history shows how you have fulfilled and continue to fulfill all your financial obligations. It contains information about your loans (number, amount, type, and terms), repayment performance, guarantees provided to others, overdue loans and penalties, unpaid utility bills, and your average salary over the last six months.Credit history does not contain personal information such as ethnic background, political views, social status, hobbies, religious beliefs, or health data. It includes data only for the last 5 years from the moment of the request.The Essence and Importance of Credit SCORE Banks and credit organizations consider your credit SCORE to determine how risky a borrower you are. A high SCORE indicates low risk and can help you get a loan and influence the interest rate. Currently, 3 types of SCORES are used in Armenia (ACRA, FICO, and proprietary systems). "Gladzor UCO" CJSC uses its own scoring system based on specific factors.Key factors underlying the credit scoreThe impact of factors on the credit scoreLoan repayment performanceDelays in fulfilling credit obligations lower the credit scoreLength of credit historyA long and positive credit history improves the credit score.Debt burden (number of active loans and outstanding balances)A high debt burden lowers the credit score.Number and frequency of new credit applicationsFrequent inquiries for new credit lower the credit score.Work experienceLong-term work experience improves the credit score.Income levelHaving a high and stable income improves the credit scoreFor more details: www.abcfinance.am www.acra.amThe impact of credit inquiries on the credit score Depending on the type of credit inquiry, it may affect the types of scores used by the ACRA Credit Bureau (ACRA Score and FICO Score), as well as the proprietary credit scores used by financial institutions.Details regarding the purposes of inquiries and their impact on the credit score are presented in the table below:Purpose of credit inquirySub-purpose of credit inquiryImpact on credit scoreNew credit application LowersGuarantorNew credit applicationLowersAffiliated person Does not affectMonitoring of an existing loan Does not affectGuarantor– Existing loan–Monitoring of an existing guarantorDoes not affectEvery time a credit inquiry is made regarding a consumer, if that inquiry will affect the credit score (FICO, ACRA, or internal score), Gladzor UCO CJSC notifies the consumer about it within a maximum of 2 business days after the inquiry, specifying the date of the inquiry, the purpose (e.g., granting a new loan, increasing the loan amount), and the type (credit history or score), as well as information or a link to the relevant page of the website(s) containing information about credit history/credit score.Gladzor UCO CJSC provides the above information to the consumer free of charge via electronic message. If it is impossible to send this information via electronic message when making inquiries affecting the consumer's credit score (when the consumer does not have an email address), Gladzor UCO CJSC informs the consumer by other available means (e.g., via SMS, in person, or by mail).For more details: www.acra.am www.abcfinance.amImprovement of Credit History and SCORE How to improve your credit history If you have already formed a "bad" credit history, it is not enough to just "sit and wait" for 5 years for your credit history to be "cleared." Throughout that entire period, it is necessary to:Exclude even one-day delays in fulfilling obligations on current loans.Fully repay previously overdue loan payments.Avoid becoming a guarantor for unreliable persons in the future.How to increase your SCORE To increase your score, you must first correct the main reasons for its decline. Specifically, it is necessary to repay current overdue obligations at the first opportunity. Also:Ease the credit burden by repaying existing loans partially or fully.Make payments according to the set schedule, excluding delays and demonstrating disciplined behavior.Reduce given guarantees by decreasing their number and amount, as well as ensuring full repayment of overdue obligations in this regard, if any.For more details: www.abcfinance.am www.acra.amActions to correct incorrect or incomplete credit history If there is incorrect or incomplete data in the client's credit history, then for the purpose of clarification and correction, the client may, in accordance with the provisions of Article 20 of the RA Law "On Circulation of Credit Information and Activities of Credit Bureaus," notify the credit bureau (ACRA Credit Reporting CJSC) or directly contact the financial organizations providing the information. Notification can be made by submitting a relevant written application to the credit bureau or electronically online from the "My ACRA" personal office. The process of accepting and reviewing client complaints regarding credit reports provided by the credit bureau is defined by the "Dispute Resolution Procedure" of ACRA Credit Reporting CJSC.For more details: www.acra.am www.abcfinance.amInterest calculation procedure The interest rate is applied to the actual balance of the loan, based on a 365-day year. ATTENTION: LOAN INTEREST IS CALCULATED BASED ON THE NOMINAL INTEREST RATE. THE ANNUAL ACTUAL INTEREST RATE SHOWS HOW MUCH THE LOAN WILL COST YOU IF INTEREST AND OTHER PAYMENTS ARE MADE IN THE DEFINED TERMS AND AMOUNTS. YOU CAN FIND THE CALCULATION PROCEDURE FOR THE ANNUAL ACTUAL INTEREST RATE BELOW.Loan repayment is made: By cash:Directly at the credit organization's cash desk (address: Yerevan, 1b Charents St., #42).By non-cash:Ardshinbank CJSC accounts – AMD 2474602514470000, USD 2474602514470010,IDBank CJSC accounts – AMD 11817068806300, USD 11817068806301,Artsakhbank CJSC accounts – AMD 22325000913900, USD 22325000913902,AMIO Bank CJSC accounts – AMD 11500583623036, USD 11500993230832,Via Telcell terminals and Telcell Wallet e-wallet: by selecting "Gladzor UCO" CJSC from the list of credit organizations and entering the loan code indicated on the first page of your loan agreement.Terms of statement provision On the 16th of each month, Gladzor UCO CJSC provides consumers free of charge, via electronic communication (e-mail), with written information regarding the consumer's obligations arising from the credit agreement, the grounds for their emergence, and repayments, in accordance with the conditions of Regulation 8/05.Gladzor UCO CJSC is supervised by the Central Bank of Armenia.Attention Gladzor UCO CJSC is not responsible for the accuracy and reliability of the content of other websites linked on its site, nor for the advertisements placed on them. The financial organization is not liable for any potential consequences resulting from the use of information posted on those websites.

ParameterValueLoan PurposeConsumerBorrower DescriptionIndividual, RA resident aged 23–65Borrower RequirementsBorrower must have a stable incomeLoan CurrencyRA Dram (AMD)Loan Amount3,000,000–50,000,000 AMDLoan Term12–60 monthsAnnual Nominal Interest Rate18%–22%Annual Actual Interest Rate19.6%–29.9%Limit ReductionAccording to the schedule specified in the loan agreementMonthly Service Fee (calculated on the actual loan balance)- up to 10M AMD: 0.04% per month - 10M–20M AMD: 0.02% per month - starting from 20M AMD: 0.01% per month Annual Interest Rate on Unused Credit Line Balance3%Interest Calculation ProcedureBased on the annual nominal interest rate — applied to both used and unused balancesLoan Provision MethodLump sum or in stages, via non-cash transferLoan Repayment MethodMonthly equal payments of principal and interest (annuity)*Other Borrower ExpensesAppraisal, re-appraisal of collateral, notary, state registration and setup fees, insurance, and related expenses**Loan Security / CollateralReal estate or movable property pledge, guarantee, surety, and other methods specified by the RA Civil CodeMaximum Loan-to-Value (LTV) Ratio70% of the market value of the collateralPenalty for Early RepaymentNot applicableDecision-Making & Client Notification TermAfter submitting all documents requested by the Organization, decision-making takes up to 3 working days; the client is notified within 1 dayLoan Disbursement TermProvided within 1 working day after receiving the collateral registration certificate from the relevant state authoritiesValidity Term of Approved Loan ApplicationMaximum 15 working days depending on the proposed type of collateralLocation of Loan ProcessingHead Office of "Gladzor UCO" CJSC, address: Yerevan, Charents St. 1b, N 42Penalty Calculated on Overdue Loan PrincipalCalculation of nominal interest does not cease, and a daily penalty of 0.06% is accrued on the overdue principal amountPenalty Calculated on Overdue InterestA daily penalty of 0.07% is accrued on the overdue interest amountFactors for a Positive Loan Decision- Accurate and complete documents - Positive or neutral credit history - Source of stable income - Collateral meeting the organization's acceptable criteria Factors for Loan Application Rejection- Client failed to submit required documents - Inquiry to CB RA Credit Register and/or ACRA Credit Bureau revealed a negative credit history (for client, co-borrowers, guarantors, or co-habiting family members) - Creditworthiness evaluation showed the client is non-creditworthy - Offered collateral was deemed unacceptable - Client provided false information - Application was approved, but the client did not appear or provide documents within 15 days - Information arose during processing that casts doubt on solvency Payment MethodsCash — at "Gladzor UCO" CJSC cash desk (Yerevan, Charents St. 1b, N 42); Non-cash: 1. Ardshinbank CJSC accounts: AMD 2474602514470000, USD 2474602514470010; 2. IDBank CJSC accounts: AMD 11817068806300, USD 11817068806301; 3. Artsakhbank CJSC accounts: AMD 22325000913900, USD 22325000913902; 4. Amio Bank CJSC accounts: AMD 11500583623036, USD 11500993230832; 5. Telcell terminals and Telcell Wallet app by selecting "Gladzor UCO" CJSC and entering your loan code from the first page of your agreement. Additional Services- Loan agreement extension fee: 20,000 AMD - Schedule modification fee: 5,000 AMD - Issuance of reference/consent for changing collateral owner, construction works, or other transactions: 20,000 AMD - Other service modifications (address change, new registrant, etc.): 5,000 AMD Statement Provision Terms"Gladzor UCO" CJSC provides written statements via e-mail free of charge on the 16th of each month in accordance with CB RA Regulation 8/05. Additional statements and duplicates are provided free upon consumer request.LOANS WITH CONDITIONS DIFFERING FROM INFORMATION BULLETINS ARE PROVIDED BY THE DECISION OF THE COMPANY'S BOARD. ATTENTIONPLEASE BE INFORMED THAT THIS TYPE OF LOAN HAS A HIGH ANNUAL ACTUAL INTEREST RATE. THEREFORE, PLEASE STUDY OTHER SIMILAR MARKET SERVICES IN ADVANCE AND EVALUATE YOUR REPAYMENT CAPABILITIES.INTEREST ON THE LOAN IS CALCULATED BASED ON THE NOMINAL INTEREST RATE, WHILE THE ANNUAL ACTUAL INTEREST RATE SHOWS HOW MUCH THE LOAN WILL COST YOU IF INTEREST AND OTHER PAYMENTS ARE MADE ON TIME AND IN SPECIFIED AMOUNTS."YOUR FINANCIAL INFORMANT" IS AN ELECTRONIC SYSTEM THAT FACILITATES SEARCHING, COMPARING, AND CHOOSING THE MOST EFFICIENT OPTION FOR SERVICES OFFERED TO INDIVIDUALS: www.fininfo.am.YOUR PROPERTY MAY BE CONFISCATED (FORECLOSED UPON) IF YOU DO NOT REPAY INTEREST AND LOAN AMOUNTS ON TIME. IN CASE OF OVERDUE PAYMENTS, INFORMATION ABOUT YOU WILL BE REGISTERED IN THE CREDIT REGISTER.IF PROCEEDS FROM REALIZING THE COLLATERAL DO NOT COVER THE DEBT, THE REMAINING AMOUNT MAY BE RECOVERED FROM OTHER PROPERTY OF THE BORROWER.IN CASE OF NON-FULFILLMENT OR IMPROPER FULFILLMENT OF OBLIGATIONS, THE LENDER SENDS DATA TO THE CREDIT BUREAU WITHIN 3 WORKING DAYS, FORMING YOUR CREDIT HISTORY. YOU CAN OBTAIN YOUR CREDIT HISTORY FREE ONCE A YEAR. A BAD CREDIT HISTORY MAY HINDER FUTURE LOAN APPLICATIONS.YOU HAVE THE RIGHT TO COMMUNICATE WITH THE FINANCIAL ORGANIZATION VIA YOUR PREFERRED METHOD (POST OR E-MAIL). E-MAIL IS RECOMMENDED AS IT IS AVAILABLE 24/7, PREVENTS LOSS OF PAPER DOCUMENTS, AND ENSURES CONFIDENTIALITY.UNDER THE RA LAW ON "COMBATING MONEY LAUNDERING AND TERRORIST FINANCING", THE ORGANISATION MAY REQUEST ADDITIONAL DOCUMENTS OR INFORMATION BASED ON THE "KNOW YOUR CUSTOMER" (KYC) PRINCIPLE AND ASK ADDITIONAL QUESTIONS DURING VERBAL COMMUNICATION.YOU HAVE THE RIGHT (UP TO 15M AMD) TO UNILATERALLY TERMINATE THE LOAN AGREEMENT WITHOUT REASON WITHIN 7 WORKING DAYS FOLLOWING SIGNING (COOLING-OFF PERIOD). CONSUMER MUST PAY INTEREST ACCRUED ACCORDING TO THE ANNUAL ACTUAL INTEREST RATE. NO OTHER COMPENSATION MAY BE DEMANDED.WHEN APPLYING FOR A LOAN UP TO 15M AMD, YOU WILL BE PROVIDED WITH AN INDIVIDUAL LEAFLET OF ESSENTIAL TERMS DETAILING YOUR SPECIFIC CONDITIONS.REAL ESTATE MORTGAGE AGREEMENTS ARE SUBJECT TO MANDATORY NOTARIZATION.THE CREDIT LINE CAN BE REPAID EARLY AT ANY TIME WITHOUT FINES OR PENALTIES.BEFORE SIGNING, THE LENDER MUST INFORM THE GUARANTOR THAT IF THE BORROWER FAILS TO PAY, THE GUARANTOR WILL BE OBLIGATED TO PAY, THEIR CREDIT HISTORY WILL DETERIORATE, AND THEY MAY LOSE THEIR PROPERTY.* Under the annuity repayment method, equal monthly installments comprising principal and interest are calculated. Initially, interest makes up a larger portion, which gradually decreases as the principal portion increases over time, keeping monthly totals constant.Expenses related to valuation and collateral pledge are borne by the borrower (pledgor). The company may also require property insurance at the borrower's expense. Estimated cost ranges for valuation, notarization, state registration, and insurance:Service NameService Price Range1. Real Estate Valuationminimum 15,000 AMD2. Unified Real Estate Information Sheetstarting from 10,000 AMD3. Real Estate Pledge Notarization15,000–40,000 AMD4. State Registration of Real Estate Mortgageup to 45,000 AMD5. Notarial Statements/Consentsmarried: spouse consent — 8,000 AMD; unmarried: single status statement — 1,500 AMD 6. Movable Property Valuation3,000–10,000 AMD7. Movable Property Pledge Notarizationmaximum 15,000 AMD8. Movable Property Insurance2.5% of market value9. State Registration of Movable Propertyup to 5,000 AMDValuation agencies cooperating with "Gladzor UCO" CJSC:"Oliver Group" LLC: Yerevan, Tumanyan St. 8, tel. (010) 54-07-40, (091) 54-27-50, (094) 54-27-60, info@olivergroup.am"Uptime" LLC: Yerevan, Nairi Zaryan St. 73/1, "Makconi" Business Center, 1st floor, tel. (060) 53-53-71, (098) 53-53-14, info@uptimellc.org"Cost Consult" LLC: Yerevan, Kentron, Hanrapetutyan St. 67, Republic Business Center, 2nd floor, tel. (010) 54-48-82, info@cost.am"Gardi" LLC: Yerevan, Baghramyan Ave. 7, apt. 4, tel. (091) 22-01-63, gardiltd@gmail.com"ArmEx" LLC: Yerevan, Nar-Dos St. 69-3, tel. (091) 40-23-40, (098) 40-23-40, armexarmenia@mail.ru INFORMATION ON LOAN DECISION-MAKINGApplication is APPROVED if:Accurate and complete documents are submitted,Positive or neutral credit history,Stable income source,Collateral meets acceptable organization criteria.Application is REJECTED if:Required documents are not submitted,ACRA / CB RA query reveals negative credit history,Solvency assessment shows borrower is non-creditworthy,Proposed collateral is unacceptable,False information provided,Failure to appear or submit documents within 15 days of approval,Circumstances arise casting doubt on solvency. IMPACT OF CREDIT HISTORY AND SCORING ON DECISION-MAKING AND CONDITIONSCredit history and credit scoring significantly influence decision-making and key loan terms (amount, rate, term, collateral requirements, etc.).Credit history is the record of all active and fulfilled credit obligations and repayment discipline.Credit scoring is a numerical assessment of creditworthiness calculated by ACRA or the financial institution based on history, income, age, active liabilities, and other factors.Positive credit history and high scoring increase approval probability and improve loan terms (lower rate, higher limit, flexible collateral requirements).Negative history or low scoring increases rejection risk or results in stricter terms. FACTORS INFLUENCING CREDIT SCORINGFACTORDESCRIPTION / IMPACTRepayment Schedule & DisciplinePayment delays lower score. Regular timely payments improve score.Credit History DurationLong-standing positive credit history improves score.Debt Burden (Active Loans)High active loan balance lowers score.Frequency of New Credit ApplicationsFrequent new loan inquiries lower score.Work ExperienceLonger work experience improves score.Income LevelHigh, stable income improves score.Details: www.abcfinance.am, www.acra.am IMPACT OF CREDIT INQUIRIES ON SCORING SCOREDepending on the type of credit inquiry, it may affect ACRA scores (ACRA score and FICO score) as well as internal scoring used by financial institutions:INQUIRY PURPOSESUB-PURPOSEIMPACT ON SCORINGNew Loan Application DecreasesGuarantorNew Loan ApplicationDecreasesRelated Person No impactActive Loan Monitoring No impactGuarantor- Active Loan - Active Guarantor Monitoring No impactWhenever a credit inquiry affecting scoring (FICO, ACRA, or internal scoring) is conducted, "Gladzor UCO" CJSC notifies the consumer within maximum 2 working days, stating the inquiry date, purpose, type, and relevant credit scoring links.