Below is the List Of Credit Reference Bureau In Ghana
How many credit bureaus are in Ghana?
Gabriel: Currently, there are three major credit bureaus operating in Ghana Dun & Bradstreet Credit Bureau Ltd., HudsonPrice Data Solutions Limited and XDSData Ghana Limited.
that gather and maintain the information about you that is included in your credit report.
Does Ghana have a credit bureau?
The Bank of Ghana issued credit reference bureau licences to XDS Data Ghana, Hudson Price Data Solutions and Dun and Bradstreet Ghana in other to bring lending discipline to the financial sector.
What is the work of the credit reference bureau?
A credit reference bureau shall be permitted to carry on any of the following activities: (a) Gather and maintain data for the formation of credit histories. (b) Process credit-related data. (c) Deliver credit reports based partly or fully on information not in the public domain.
A Credit Reference Bureau or Agency is a company that gathers and maintains data on the credit history of individuals, businesses and organisations, and make this information available to relevant users.
These bureaus also collect the personal details of the borrowers including name, address, occupation and contact address.
These agencies gather the data of the borrowing and repayment information from various sources including creditors, banks, hired debt collectors, utility providers and others.
The information gathered by these bureaus is shared with potential lenders.
The lenders use this information to determine the creditworthiness of a potential borrower.
This is a very important tool for lenders to access the potential payback capacity of the borrower, risk and interest rate determination.