Credit Bureau

Get Credit Wise
In the United Kingdom, a company that collects information from various sources and provides consumer credit information on individual consumers for a variety of reasons is called Credit Reference Agency. In the United States it's called a Consumer Reporting Agency. In South Africa this financial institution is popularly known as a Credit Bureau.

The role that credit bureaus play in economies around the world, in particular the South African one' cannot be downplayed. The credit worthiness of consumers and individuals in South Africa is best measured based on information provided by credit bureaus. While the bureaus don't have the power to decide who is granted credit or not, they do collect information which is relevant to a person's credit habits and history and this information is used to create credit score for a person. Creditors then use this information to decide whether to grant credit to applicants or not.

In South Africa, Credit Health has developed long-standing relationships with the country's major credit bureaus such as Experian, Transunion, XDS and Compuscan. These relationships enable Credit Health to obtain a client's latest information and provide it in an easy to understand format to the consumer. Credit Health also provides a free action plan if a client has adverse information. Credit Health also provides clients with unparalleled access to insight and strategies for rapid debt reduction and credit management. This helps clients to save money and manage debts better.