Credit report is a record of financial institution debtor’s credit history from a number of sources, including banks, credit card companies, and others. Credit report contains a borrower’s credit score that is the result of calculated mathematical algorithm against credit report and sources of information to represent the creditworthiness of the person.
Based on the inquiry, a member institution would receive identity and credit information as well as credit score of the debtor. PEFINDO Score would also give a consumer the same information; the higher the score, the lower the risk.
Credit Information entailing:
Credit and other facilities.
Fulfillment of credit and other financial obligations.
Assist, automate, and streamline credit analysis and lending process.
Obtain comprehensive credit information and credit score that reflects debtor’s risk.