- More meaningful risk assessment in evaluating credit applications through participation in the ever-growing shared repayment history database of consumer credit information, with the ultimate benefits of an improved debtor’s portfolio, better cash flow and lower bad debts.
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Decreasing need to telephone for trade references with the shared databases providing up-to-date and accurate information on access.
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Where no trade references are given by applicants, the shared database information could provide information from various member sources.
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Customer tracing or address updating becomes easier with a regular inflow of information from members into the shared databases.
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Opportunity to interact with other members to share problems or other matters of common interest via regular meetings or direct communication.
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Up-to-date information about the consumer credit industry through newsletters, other communications and contact with the Director and members.
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Availability of information and advice on consumer credit granting and related matters via the Director.
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Communication with and/or representation by the Director as spokesman for the Association, to any bodies on any matters affecting, or which may affect, or are of concern, or are in the interests of members e.g. such bodies as Government Departments, Quasi-Government Organisations, Law Commission, SACOB and Media.
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Regular liaison by the Director with other Associations on matters of common interest or concern so that we may work together to provide mutual support.
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A growing membership, including many major companies and groups which, as a combined Association, has a powerful voice on all consumer credit granting and related matters.
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As membership means upholding the Association’s Code of Conduct, this can assist members in reinforcing their standing and integrity with consumers, consumer bodies, government and in all other aspects.
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Improving services from Credit Information Bureaux as well as the development and introduction of new services to meet members’ needs.
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With the increase in information input and access activity, Credit Information Bureaux should be able to provide an improving cost effective service to the consumer credit granting industry overall.
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Membership 