How Credit Works in Uruguay

October 27, 2023

EQUIFAX STRIVES TO CREATE economically healthy individuals and communities in the 24 countries in North America, Central and South America, Europe, and the Asia Pacific region where we operate or have investments. Equifax began serving consumers in Uruguay in 2001, with the acquisition of Clearing de Informes, a consumer credit information provider based in Montevideo, Uruguay.

The way credit works across the globe varies from country to country. Credit scores are usually calculated by taking the following into account: payment history, credit utilization, length of credit history and mix of credit accounts, amounts owed, recent credit behavior and available credit. Formal credit reporting was first used by banks and other financial institutions in Uruguay in 2002. In 2006, the government of Uruguay passed a law that required all financial institutions to report information about their borrowers to credit bureaus. 

We believe that helping people live their financial best starts with helping consumers understand the role that we play in providing access to mainstream, sustainable financial products. In Uruguay, we host a series on financial wellness sharing tips on financial health, security, privacy and the role of alternative data in credit.These tips have been shared on national morning television, universities and public schools, and can be accessed on the podcast El Futuro De Tus Finanzas.

For more information on Equifax consumer and commercial services in Uruguay, please visit