Manage your risk effectively with Compuscan’s detailed information. You can not afford to be without it.
What is Credit Check?
Credit Check is a credit reporting system that gives you direct online and offline access to one of the most comprehensive credit bureau databases managed by Compuscan.
The Business Challenge:
Managing your risk is essential to minimise profit loss. Without access to the right information you can not assess your client's ability to repay a loan, you can not manage your risk, you can not stay compliant under the NCA, you can not protect your business against fraud, you can not manage your accounts and credit portfolios and you can not collect effectively on your debts.
Our Solution:
Compuscan provides you with the most up to date and accurate information to minimise and manage your risk. Through our reporting software application, Credit Check, you can easily submit and receive our credit information via a method of your choice. We load, verify and validate all credit information as we receive it from credit providers, telecom & insurance companies, courts, the National Loans Register (NLR), the Credit Providers Association (CPA) and the South African Fraud Prevention Services (SAFPS), etc.
How can I gain access to and submit data:
Our data can be accessed and submitted in 4 ways:
On-line Enquiries: Easy access to information. All credit information is available online and in real time via a user-friendly GUI.
Batch Services: Batch service is simply a whole list of records that is requested by the client and then sent to the client in a bulk format (more than a 100 enquiries). It allows you to obtain valuable information, delivered by method of choice, in an offline or online mode. Batch requests can be delivered securely via the web, e-mail, FTP (File Transfer Protocol), and manually in csv, html or xml format.
Direct Links: Online access can be obtained through direct CPU-CPU links from your application processing systems or other software platforms.
Integration Toolkit: The toolkit allows our credit bureau information to be sent and received and fully integrated into other software platforms such as our Loan Management Systems called Proloan.
Our Consumer Credit Information:
We provide you with the following consumer credit information:
Account Data & Repayment Information: Details on the customer's accounts and payment history of accounts with credit providers. This includes:
Compuscan Micro Loan Information: Compuscan has built up its own micro lenders client base over the years that also submit micro loan information to our database on a daily basis. It contains both positive & negative data. This is a closed, shared database, available to registered credit grantors.
CPA Information: Detailed account information from banks, finance houses, retailers, telecom & insurance companies, covering the majority of credit providers in SA. This is a closed shared database, available to credit grantors who are members of the CPA. CPA membership allows access to the repayment history of consumers’ accounts. Repayment details of millions of accounts are uploaded to the Compuscan database every month. Updated addresses, telephone numbers and employer details are also uploaded each month. Both positive and negative repayment information is stored on the database
NLR Data: The NLR maintains details of all applications for micro-loans plus account and repayment patterns of loans granted by micro-lenders registered with the National Credit Regulator (NCR). Micro Loan Repayment & Account Information. Both positive and negative Data. Contact Information - Employment Details, Address and Telephone Numbers. Compuscan is a registered host of NLR data and provides direct access to the NLR database. Repayment details of millions of micro-loan accounts are uploaded every month.
Previous Enquiries: Each time a credit provider searches the Compuscan database, a 'footprint' of the search is recorded. The name of the company performing the enquiry, the date of enquiry and the telephone number of the supplier is displayed.
Identification / Contactability Information: Details on individual customers and businesses sourced from Home Affairs and credit providers. This includes: Identification Numbers; Telephone Numbers; Surnames & Forenames, plus any known aliases; Current/Previous Addresses; Date of Birth; Current & Past Employers; ID Verification - Home Affairs (Active, Deceased, Emigrated, Neutralised).
Public Domain Information: Compuscan collects public domain information from over 500 courts throughout South Africa. This information includes the following: Judgements granted against customers or businesses; Images of Court Documents; Applications for Administration Orders; Sequestrations; Liquidations; Rescindments.
Default/Adverse Orders: Details on all borrowers who have not conducted their account responsibly. This includes: Accounts Handed Over; Accounts Written Off; Repossessions.
Collections Information: Collections information so you can know if accounts of business’ or customers have been handed over for collection to debt recovery agents. 3rd party debt collection data is uploaded and displayed. The information data is uploaded on a regular basis, i.e. did the consumer pay, have they absconded, etc.
Debt Restructuring Information: Information about over-indebted consumers who's debt has been restructured by debt counsellors. (Debt Amount, Repayment Period, New instalment structure).
Disputes Information: Disputed Account Records from consumers where a consumer logged a query about incorrect data on his/her credit report. The disputed data is not visible to credit providers until the dispute has been resolved.
Fraudulent Behaviour/SAFPS Information: Information on fraudulent behaviour so you can be sure to know which customers or businesses have attempted to obtain goods or services or who are or have been involved in fraudulent activity in the workplace. Sourced from SAFPS (South African Fraud Prevention Services). Compuscan clients have to subscribe to receive this data set and will only receive fraud alerts on our system once they are subscribed.
Deeds Office Property Information: This deeds information is sourced from the Deeds Office and includes, for each property in South Africa, ownership details, the price paid, the date of transfer and mortgage information, including the name of the financial institution holding the bond and the original value of the bond. The transfer history of every property in South Africa is thus available for the past 15 years. Property Search provides you with the ability to draw information on an erf, township, sectional scheme, farm or registration division by providing the name as well as the Erf, Farm or Scheme number to the South African Deeds Registry. It provides you with the ability to search for information by providing individual owner's names and ID numbers or business and trust names and registration numbers. Also available is a online Property Assessment which is a comprehensive report that helps buyers and sellers to establish the fair value of a property.
Features of Credit Check:
Definite Matches/ID Verification: Our system sends all ID numbers to Home Affairs to have it verified. Once an ID is verified it forms part of our database and any enquiries made on that ID number will show that the ID was verified by Home Affairs.
Possible Matches: Should a definite match for a specific ID number not appear on our database search, possible matches will be displayed, based on the following:
Where the first 10 digits of an ID number qualifies
Where the date of birth and surname qualifies
CompuWatch - Triggers & Alerts: Monitors the consumers' movement within the credit industry. It will identify newly available information on borrowers and in turn send triggers and alerts to notify you of any information that changed or any new information that is available on the borrowers.
Advanced Credit BureauScore - CompuScore: Drive your credit decisions with CompuScore. Our highly predictive credit bureau score can be applied across all your loan products and provides you with a risk score and the reasons for decline, based on a specific set of bureau rules. This enables you to decrease your credit risk, increase your customer retention and have the ability to come up with risk-based lending strategies.
Complete functionality to manage your enquiries, loan registrations and paymentprofiles.
Can obtain credit information and submit loan registrations and payment profiles in batch formats.
By making use of our system's affordability calculator clients can find out if their potential borrowers can pay them back.
Our system also has audit trail facilities.
Provides clients with custom MIS (Management Information System) Reports.
User defined application security which restricts users from areas of the application and is password protected.
Country-wide service and support both on-site and via our call centre.
Key Benefits:
Information at a glance with a credit report summary block.
Allows you to assess your credit applicants ability to honour a financial agreement
Allows you to manage your credit risk
Reduce costs
Increase efficiencies
Protect your business from the growing problem of fraud
Maximise profitable lending
Accurate loan decisions
Reduced bad debt
Reduced cost of credit
Price for risk
User friendly screens
Compatible with all Internet browsers
No new software required
Should you require any further information on Credit Check, please do not hesitate to contact us at Tel: 021 888 6000 or e-mail us at info@compuscan.co.za
