People may
want to know the exact details registered by a Consumer Credit
Bureau-Thank you Collection House:
" A consumer credit bureau is a database containing consumer
information such as:
<date of birth
< address
<
employment
< proprietorships
< directorships
<
previous credit applications
< payment defaults
The database is utilised for the following purposes amongst others:
<assessing fraud potential
< credit application fraud
prevention
< credit risk management through the
verification/authentication of the identity of consumer credit applicants
< reduction of exposure to risk for businesses as a result of
non-disclosure
< improving the quality and efficiency of lending
decisions made by credit granting organisations.
See IRG research reports
