CREDIT RATING, CREDIT SCORE & CREDIT WORTHINESS

CREDIT RATING, CREDIT SCORE & CREDIT WORTHINESS

Kemmet Systems will store individual and companies’ information to authenticate that they are making regular payments on their loans and Credit cards on time and are meeting their financial obligations. The company will also analyze and update the complete portfolio for an individual or a company’s credit score and rating at the end of every month.

It is important for companies to comply with data privacy laws and regulations when handling individuals' and companies' information. As such, Kemmet Systems will adhere strictly to these laws. This will include obtaining consent from individuals for collecting and storing their personal information, ensuring that the information is kept secure, and providing individuals with access to their information. This is because Companies that handle financial information of individuals are also typically subject to additional regulations, such as those imposed by financial regulators or credit reporting agencies. These regulations may require certain data security measures, such as encryption or access controls, to protect sensitive information.

It is therefore important for individuals to carefully review the terms and conditions of the company that handles their financial information, including how the company plans to use the information and how it will be secured. Individuals should also monitor their credit reports regularly to ensure that their information is accurate and up to date.