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Three instant credit companies have been sanctioned by the Bank of Lithuania for failing to properly vet their clients' credit worthiness.
Three instant credit companies fined for irresponsible lending
© Vida Press

The three unnamed companies were imposed a combined fine of €6,342, the Bank of Lithuania said.

One company was sanctioned for failing to properly check data supplied by its clients about their financial obligations.

The other two companies would in some instances fail to include data about clients' financial obligations into their credit worthiness assessment.

The central bank has said the sanctioned companies' names will be released in 30, unless the decision is challenged at court.

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