The delivery of real-time online Bureau reports discloses the information which characterizes how timely borrowers fulfill their obligations under credit agreements, this increases protection of creditors and borrowers through a general reduction of credit risks.
A credit report consists of the following parts:
Title part: current borrower identification details, changes in the borrower’s personal data.
Main part: detailed historical information on the borrower’s credit obligations: active and closed loans, credit types, limits and periods, outstanding balance and timely payments. Besides, this part contains court decisions on loan agreements;
Information part: data about credit granting, loan type, application channel, denial of loan and its purposes, debt in arrears over 120 days and etc.
The service is aimed to:
Verify the applicant’s details stated in the application form;
Analyse the borrower’s creditworthiness;
Assess the credit exposure, credit appetite and payment discipline.
Advantages of the service:
High level of data quality;
Getting reports online: the speed of the Bureau response is 1 second, operation time 24/7;
Credit reports can be obtained via the web interface or through e-mail.
