Credit Inquiries

Users can instantly obtain information on how consumers (data subjects) have managed their loan/bill payments, or how they are servicing or have serviced their credit accounts with subscribers in the past.  This information forms the basis of the credit rating and status code assigned to records of the data subject’s credit file within our database.  The credit rating and status codes allow subscribers to report and to assess credit information by using a standard rating scale for analyses and comparison.

By reporting credit history information to our database, prompt paying customers are rewarded with a positive credit rating.  This adds additional value to the customer relationship and helps to build loyalty.

The reporting of delinquent customers and bad debtors to CIB will make it difficult for them to qualify for additional credit with other subscribers. By restricting these debtors access to additional credit, other subscribers provide indirect assistance with debt recovery. It results in lower delinquency and reduces bad debt, thus ‘Increasing the Profitability of Credit’.