Header Ads

What are the credit bureau's responsibilities?


The credit bureau is responsible for the following tasks, among others;

  • Provide credit reports on request by credit report recipient
  • Prevent information held by the credit bureau from being disclosed
  • Maintain adequate systems of internal control to safeguard the information held
  • Request that a data provider corrects and supplements the submitted information that requires reprocessing or specification if there are grounds for this
  • Accept without charge the filing of credit information by a credit information subject to correct or challenge information held by that credit bureau concerning that credit information subject
  • Take steps to verify the accuracy of credit information reported to it
  • Retain credit information reported to the bureau for the prescribed period

No comments

Powered by Blogger.