Experian Consumer Credit Report back online

Featured

experian-consumer-credit-reportpbVerify has reinstated its Experian Consumer Credit Report, following a period of about four months of the service being offline.

The product, part of pbVerify’s comprehensive consumer credit check suite, was temporarily discontinued in July due to a system upgrade.

Experian is the world’s largest credit bureau operator, with local offices in Johannesburg, Cape Town and Durban. The bureau has a long history of protecting personal lending in South Africa’s financial services market.

The Experian Consumer Credit report forms part of the pbVerify Business to Consumer (B2C) credit check suite and is available on registration to any business that grants credit to consumers.

The report, garnered directly from Experian for pbVerify clients, provides extensive information – obtained from major credit providers and collection companies in South Africa – relating to individuals’ credit status.

Forewarned is forearmed

Business owners in South Africa are acutely aware that, in order to run a successful operation, they have to be on top of risk management.

Knowing who to do business with and who to avoid is critical and, in order to make an informed decision, it is essential organisations have access to extensive data.

pbVerify’s credit check services offer quick and complete information that ensures effective risk management, and are ideal for:

  1. Credit grantors. If you’re a business that grants credit accounts, you need a full report on potential clients’ credit history before you take a decision to grant them additional credit.
  2. Home loan companies. You want to ensure you are not granting a home loan to someone with a questionable financial past, who is likely to disappear – leaving you with the burden of their debt. pbVerify enables you to view a potential grantee’s financial information, and then make an informed decision.
  3. Micro-lenders. Even companies that solely grant small loans need to be certain that their borrowers are responsible and reliable. Before you sign that paperwork, run a potential borrower’s name through pbVerify and get an idea of who it is you’re dealing with.

For just R42 (420 pbVerify credits), the Experian Consumer Credit Report produces the following information on the consumer: Name; Address; Adverse credit information; Experian Delphi Score*; Mobile number; Landline numbers (personal and work); Employment/occupational information; Enquiry list.

pbVerify’s goal is to give businesses tools to protect themselves and make informed business decisions.

It is unfortunate, but true, that business owners fall prey to fraudsters every day. pbVerify arms businesses with the information they need to protect their future.

pbVerify will be adding other Experian products, like the Experian Business Credit report, to the menu in 2017.

NB: Businesses wishing to draw a credit report on an individual must have the consumer in question’s signed/written consent.

* Delphi Score is a credit bureau score developed in partnership with Experian using advanced statistical modelling techniques.