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Consumer
Credit Report
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Informed
decisions through superior credit
information |
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Experian proudly hosts the most comprehensive consumer credit information database in South Africa, providing credit grantors with the largest range of credit information. |
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This information helps our clients assess a credit applicant's ability to honour a financial agreement and alerts them to the possibility of fraud. |
These valuable sources of information are used at all points of the customer lifecycle, from target marketing, on-line referencing at time of application, to collections and propensity strategies that maximise the profitability of existing customers. |
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The credit information held by Experian is a combination of both positive and negative information - in fact, approximately 85% of all South African consumers conduct their accounts responsibly. |
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Experian's consumer credit reports include:
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ID Verification – Experian holds over 31 million verified identity numbers.
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Contactability information - Experian stores the most up-to-date address and telephone information, for each consumer record.
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Judgements - A judgement is a public record that is lodged by the courts against a person who has failed to repay their debt to a credit grantor.
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Defaults – Authorised credit grantors will inform Experian of borrowers who have not conducted their accounts responsibly.
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Collections - Consumers that have defaulted on their credit repayments may be handed over to a collections company to collect the debt.
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Enquiries– Experian displays the name and date of all the organisations that have previously performed enquiries on a consumer's record.
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Business benefits
- Maximise profitable lending
- Quick turn around time
- Accurate loan decisions
- Reduced Bad Debt
- Knock on collections effect
- Reduced provisioning
- Reduced cost of credit
- Price for risk
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For more information on Experian's Consumer Credit Report click here
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