General policy rules

The Terms and Conditions of the open data platform www.okredo.com (hereinafter – Okredo) (hereinafter – the Terms) establish the terms and conditions for the use of information provided by Okredo, as well as the procedures and conditions for providing and supplementing information within Okredo. These Terms are binding upon all users of Okredo services.

1. General Provisions

1.1. Okredo provides processed and systematized open data necessary for company evaluation. Expert-developed solutions available free of charge include automatic credit limit, credit rating, company valuation, derived financial indicators, and other data.
1.2. The controller of the data provided by Okredo is UAB “Okredo”.
1.3. The Okredo user independently chooses the level of information and the type of account required (whether to register or not).
1.4. By registering an account and using Okredo services, the User acknowledges and understands that UAB “Okredo” has a legitimate interest in using contact details received from its clients for the marketing of its own similar goods or services. If the User does not agree to such marketing, they must immediately inform Okredo by email at: [email protected]. Marketing communications may also be refused by clicking the unsubscribe link included in each Okredo newsletter.
1.5. The User shall use Okredo data only when having a legitimate interest.
1.6. Persons providing contact information to Okredo are responsible for its accuracy and agree that such information may be publicly disclosed.
1.7. The information provided by Okredo is collected from official and verified sources, including the Register of Legal Entities, the State Tax Inspectorate (VMI), the State Social Insurance Fund Board (SODRA), UAB “SCORIFY”, UAB “Debesų kompiuterija”, and others.
1.8. Okredo is responsible for ensuring that the information stored on the Okredo platform corresponds to the information provided by the original source.
1.9. The User must use Okredo data personally and may not use it to create or provide their own data sets, systems, or platforms to third parties.
1.10. It is prohibited to copy or otherwise publicly distribute information provided by Okredo without the written consent of the owner of Okredo. In case of violation of the data usage conditions set out in these Terms, Okredo has the right to block the User and the IP address used to access Okredo.
1.11. The User agrees to compensate Okredo for damages arising from unlawful use of the Okredo platform and services in violation of these Terms.
1.12. Okredo reserves the right to suspend a User account if there are reasonable suspicions of misuse of Okredo services, registration using false data, or entering obscene language in the registration form. The User shall be informed separately about the suspension.
1.13. All names of Okredo services, logos, and trademarks belong to Okredo or its affiliated and subsidiary companies and may be used only with prior permission from Okredo.
1.14. All texts, graphics, icons, software, etc., belong to Okredo or its partners and are protected by copyright laws and other applicable legislation.
1.15. Unauthorized copying, distribution, or public provision of Okredo services or parts thereof violates copyright laws and may result in civil and criminal liability.
1.16. The User must safeguard their username and password and may not disclose them to third parties. The User is responsible for all activities carried out using their username and password.
1.17. The User must immediately inform Okredo of any unauthorized use of their username and password.
1.18. Okredo has the right at any time to transfer its rights and obligations to third parties without prior consent of the User.
1.19. Okredo reserves the right to close a User’s email account if it has been inactive for more than 12 months.
1.20. These Terms may be amended without separate notice. The Terms are reviewed upon the introduction of additional information or services on Okredo, or changes in applicable legal regulation related to information provision, but not less than once per year.

2. Publication of Debtors

2.1. Only debts of legal entities may be published on the Okredo platform.
2.2. The head of a company wishing to publish debtor data on the Okredo platform must identify themselves or sign an additional agreement.
2.3. Unidentified persons are prohibited from publishing debtor data on the Okredo platform.
2.4. Users representing companies who do not have the technical ability to identify themselves electronically may contact Okredo by email at [email protected] to conclude a debtor data publication agreement.
2.5. A company (hereinafter – the Creditor) wishing to publish debtor data on the Okredo platform guarantees that the published data is accurate. This means that no known pre-trial or judicial disputes are ongoing regarding the published data and, if necessary, the data can be supported by documents confirming the existence of the debt.
2.6. In the event of a dispute or claim, UAB “Okredo”, as the owner of the Okredo platform (hereinafter – Okredo), has the right to request the Creditor to provide documents proving the existence of the debt within a reasonable period.
2.7. Okredo assumes no responsibility for the publication of inaccurate debt information on the platform.
2.8. The Creditor shall publish debtor data in accordance with the standard procedure approved by Okredo.
2.9. The scope of data published by the Creditor includes: the name and registration number of the indebted company, the dates of occurrence and payment of the debt, and the amount and type of the debt.
2.10. If Okredo changes the debtor publication procedure, such changes shall be announced on the Okredo platform.
2.11. The Creditor who published the data shall be fully liable for any damage suffered by third parties due to inaccurate and/or incorrect information provided on the Okredo platform or failure to timely notify about the need to delete such data.
2.12. Okredo has the right to use published debt data in its commercial activities.
2.13. The Creditor ensures that published debtor data will be updated honestly and in a timely manner.
2.14. The Creditor undertakes to respond within 5 (five) business days to Okredo inquiries regarding the accuracy, completeness, and correctness of the submitted data in connection with a request or complaint from a person recorded on the platform. If the Creditor fails to respond within the specified period, processing activities related to disputed data (except storage) may be suspended until clarification or supplementation.

3. Service Subscription

3.1. Okredo offers the following types of service subscriptions:

3.1.1. Monthly Subscription – valid for 1 (one) month from the date of payment;
3.1.2. Annual Subscription – valid for 12 (twelve) months from the date of payment.

3.2. The Subscription grants the User the right to use the respective paid Okredo services during the validity period in accordance with these Terms and other conditions established by Okredo.
3.3. The Subscription shall be deemed activated upon receipt of payment confirmation by Okredo.
3.4. Upon expiration of the Subscription period, the Subscription shall be automatically renewed for the same period (one month or twelve months respectively), unless the User cancels it prior to the end of the current term.
3.5. By ordering a Subscription and providing payment card details, the User confirms their consent to recurring charges for each renewed Subscription period.
3.6. The Subscription fee shall be charged on the date of purchase and on each automatic renewal date using the payment method selected by the User.
3.7. The User is responsible for ensuring that the provided payment details are accurate and valid throughout the Subscription period.
3.8. If a charge cannot be successfully processed, Okredo has the right to restrict or suspend the provision of services until payment is successfully completed.
3.9. The User may cancel the Subscription at any time by logging into their account and selecting “My Zone” and “My Subscriptions”.
3.10. Upon cancellation, the Subscription shall remain valid until the end of the already paid period. No refunds shall be provided for any unused portion of the Subscription, except where mandatory applicable law provides otherwise.
3.11. Okredo has the right to unilaterally modify Subscription fees. Users shall be informed of fee changes in advance via the Okredo website or other customary means of communication.
3.12. The new fees shall apply from the nearest renewal date following the entry into force of the fee change.

4. Final Provisions

4.1. Users and visitors who do not agree with these Terms must close the Okredo portal window and refrain from using Okredo services/information. It shall be presumed that persons using Okredo services/information agree to these Terms and undertake to comply with them.
4.2. Okredo’s Privacy Policy forms an integral part of these Terms and provides information about the processing of personal data. By agreeing to these Terms, you confirm that you have reviewed the Privacy Policy
4.3. These Terms were updated on 2026-02-26.
4.4. For data corrections and other inquiries, please contact: [email protected]
4.5. All requests, suggestions, complaints, and notices are accepted by email at: [email protected]