4 in One Credit Bureau Report + Free Credit Clearance Guide - See what all South African Credit Providers say about you.
SEE THE WHOLE PICTURE OF YOUR CREDIT RECORD
YOUR 4 - IN - 1 CREDIT REPORT IN ONE CLICK
EXPERIAN; TRANSUNION; COMPUSCAN & XDS
CHECK WHAT THE SOUTH AFRICAN CREDIT PROVIDERS SAY ABOUT YOU ON ALL CREDIT BUREAUS
The Four Major Credit Bureaus
In South Africa at present we have over 20 Credit Bureaus, but the major credit bureaus are Experian; Transunion; Compuscan & XDS..
Different Credit Providers and/or Financial Institutions will check one or two or all credit bureau records to assess the 'risk' of the borrower (consumer) before they can make a decision whether to grant a loan/finance or not. The information on each credit bureau record will vary to a certain degree at all times because the Credit Bureaus receive information from various Credit Providers in order to update the status on the consumer records. The reason for this is that Credit Providers do not use all or same Credit Bureaus to update consumer information or list negative information; as such they will only update or list on their preferred Credit Bureau; that is: Transunion; Experian; Compuscan and XDS. All the credit bureaus are independent of each other and do not share information!
So it is not unusual to find a scenario where you go to say Capitec and they grant you say R50 000 loan, and you go to Wesbank with the intention to use that money as a deposit for a vehicle, only to be declined because there is a Trace Alert on your Transunion Credit Record - which did not show on the Compuscan Credit Report used by Capitec!
COMPLETE THIS FORM TO ORDER YOUR INSTANT 4 IN 1 CREDIT REPORT
and Recieve a Free Step by Step Credit Clearance Guide on:
*How to Clear Judgment
* How to Clear Administration
* How to Clear Default
Major Credit Providers and what Credit Bureaus they use:
* All major South African Banks will always check your Transunion & Experian Credit records
* African Bank will always check Transunion; Experian and Compuscan
* Capitec Bank will always check Compuscan
* Old Mutual also checks Compuscan
ALL FINANCIAL INSTITUTIONS AND CREDIT BUREAUS ARE REGISTERED WITH THE NATIONAL CREDIT REGULATOR (NCR)