CREDIT REPORTS
The Credit Report is a detailed account of a customer’s borrowing with all current credit providers and their performance. The Credit Report lists all the credit accounts (both past and present) and the repayment history of each account.The Credit Report is used by ALL lenders to determine whether to approve credit facilities. As such it is important to check your credit report at least once every 6 months if you are not actively borrowing. You are advised to check your credit report every month if you are actively borrowing.
Consumer Credit Report
A credit report is available to you for free once every 12-months, if you access it again within the same 12-month period then there will be a charge for every report accessed after your first free report. *All online applications will be charged a verification fee.
BUSINESS INFORMATION REPORTING
A well-established solution for businesses to assess the risk of doing business with a 3rd party by either buying an existing report, or commissioning a new report, on the prospective business partner. The BIR solution rates the target business using a market-proven methodology that incorporates qualitative and quantitative factors regarding the business and its owner managers.
CREDIT MONITORING
Track and stay up to date with changes on your credit report without the need to check your data manually. There is a permanent flow of credit data processed by a credit bureau. This data includes your credit data updates, but by default, you do not receive the updates when they happen. Creditinfo Monitoring can help you to keep an eye on your credit by automatically tracking changes in your credit data and providing you with related notifications.
SME RATINGS
The SME Rating is an independent assessment of the overall condition of an SME using both quantitative and qualitative data conducted by Metropol. The essence of the rating is to measure the financial strength of the SME and the probability of default on a financial obligation.
DISPUTES
In the event that the customer believes that the information contained in the database is inaccurate, erroneous, or outdated, the customer may notify the bureau in writing by filing a dispute. The bureau shall then take five working days upon receiving the disputed information in a customer’s credit report and shall start investigations with the parties involved. If the Credit Bureau after completing its investigations finds out that the disputed customer information turns out to be false, the bureau may charge the customer for the costs of its services incurred during the investigation.
Consumer Rights
A customer has a right to know what information the Institution has submitted to the Bureau regarding that customer. A customer shall be entitled to access credit reports relating to the customer that are kept in a database administered by a Bureau. A customer shall be entitled to a free copy of his/her credit report upon a physical visit to a Bureau, or its agents, and the customer must have the original copy of their ID for verification.
Note that **All online applications will be charged a verification fee.**
EDUCATION
Building a good credit score is a journey. We got you covered with basic information you need to start your journey on the right foot! potential customers. The credit score is computed based on the customer’s characteristics and past repayment behaviors. It usually takes the form of a 3-digit number in a predefined range: for example, the Creditinfo Predictor Score (CIP) is a number between 250 and 900. The higher is the score, the lower the risk.
CREDIT SCORING
Automate and enhance your decision-making process through advanced analytics. Credit risk scorecards are statistical models used to assess your customers’ risk at each point of the credit cycle. Scorecards produce a ranking of customers by risk levels by leveraging your data. Once integrated with lending strategies, credit scoring helps to perform fast, accurate and transparent decisions. We believe that with our successful track record of similar solutions in a variety of markets all over the world, as well as the deep experience of our team, we are able to add significant value to your business.