DATA SYSTEMS & SERVICES | 
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Credit Provision

i-TEAM
are the experts in datacredit provision to the South African Industry. When it comes to credit provision there is no better partner for your business than i-TEAM.

How do our clients access the credit and recruitment reports?

Online solution

The Internet-based online system uses powerful search engine technology to provide customers with real-time access to consumer information. Subscribers can cost effectively perform single or multiple searches using various intuitive enquiry tools.



Contact Us

 

Credit Grantors:laptop

i-TEAM’s Credit Profile report will assist your business to make smarter credit decisions, affordably and with no hidden costs.  Businesses are constantly under threat from potential fraud, slow or bad payers and debts having to be written off.  i-TEAM’s Credit Profile report will help your business successfully manage risk associated with credit granting and to capitalize on the demand for credit from consumers.

i-TEAM’s credit profile report will provide your business with up-to-date consumer information that will streamline your credit granting process.

Our user friendly credit profile report includes:

Identity Verification and ID Number verification: Verifies the existence and status of a consumer (e.g. deceased indicators and marital status).

Admin Order Checks: Determines whether a consumer is under administration order.

Judgements / Court Files: Determines whether a consumer has any adverse information, sequestrations, judgements or defaults against them.

Consumer trace Enquiry: The latest contact information pertaining to the consumer, including telephone number, address and employment information are provided.

Consumer Trace Flag: Should we not be able to provide details pertaining to a specific consumer, a consumer trace flag can be logged whereby you will be notified when information becomes available.

Deeds Information: Total number of current property interests and the purchase price of these properties

Company Directorship Summary: The consumers’ directorship status.

Potential Fraud Indicators: Indicates the consumers' ID Fraud status. It shows the consumer’s verified status at Home Affairs and the consumer’s deceased status at Home Affairs.

Sequestration Information check: Determines whether a consumer is sequestrated.

Credit Enquiry History: Shows which credit grantor has done an enquiry on the consumer.

Debt Review Status: Indicates the consumers’ debt status and the details of the debt counsellor if they have received counselling.

To view a sample of the credit profile report which is available to you, please click here.

Should you belong to the Credit Providers Association (CPA), we can offer you more comprehensive account information on the consumer e.g. who the consumer holds accounts with and the value of the debt.  This additional information will be provided on verification of the clients CPA membership. 

Screens
Recruitment Agencies:

Arguably one of the most essential tools in staff recruitment today is the verification of personal credential information that forms the basis for the employment of an individual.

i-TEAM's recruitment report will assist your business to make smarter recruitment decisions, affordably and with no hidden costs. Our credit profiles will provide you with up-to-date employee information that will streamline your recruitment process. You cannot afford to put the wrong candidate forward for hiring!

Our user friendly report includes:

Identity Verification and ID Number verification: Verifies the existence and status of a consumer (e.g. deceased indicators and marital status).

Admin Order Checks: Determines whether a consumer is under administration order.

Judgements / Court Files: Determines whether a consumer has any adverse information, sequestrations, judgements or defaults against them.

Consumer trace Enquiry: The latest contact information pertaining to the candidate, including telephone number, address and employment information are provided.

Consumer Trace Flag: Should we not be able to provide details pertaining to a specific candidate, a trace flag can be logged whereby you will be notified when information becomes available.

Deeds Information: Total number of current property interests and the purchase price of these properties

Company Directorship Summary: The candidates’ directorship status.

Potential Fraud Indicators: Indicates the candidates' ID Fraud status. It shows the candidates’s verified status at Home Affairs and the candidate’s deceased Computerstatus at Home Affairs.

Sequestration Information check: Determines whether a candidate is sequestrated.

Credit Enquiry History: Shows which credit grantor has done an enquiry on the candidate.

Debt Review Status: Indicates the candidates’ debt status and the details of the debt counsellor if they have received counselling.

To view a sample of the recruitment report which is available to you, please click here

 

Pricing

i-TEAM understands the importance of cost control and as such structures its pricing models accordingly.  

The higher the volumes of enquiries a client processes, the more cost effective the transactions become. Costs are negotiated per customer and several payment options are available.

Downloads

Please click here to view the application form.
 

 

How credit bureaus get their information

A credit bureau is a clearinghouse for credit information about consumers that gather information about your credit habits directly from your creditors.
For example, let's say you apply for a credit card and provide the card company with all of your personal information, such as your name and address, your previous address (if you haven't lived at your current residence for more than two years), your employer, other credit cards you have, etc. The credit card company then contacts a credit bureau and reviews your credit report. If the company approves your application for a credit card, then the information you've supplied is forwarded to the credit bureau. That credit card company also reports your payment history to the credit bureau, so that becomes part of the report. The credit bureaus also access information about you from public record information such as court records.
All of the transactions you have that involve credit are reported monthly to credit bureaus by the merchants or creditors you deal with.

How Lenders Interpret Your Credit Report
Your credit report only relays the history of your dealings with creditors. However, you need to look closely. There's information there that may seem innocent to you but not to potential creditors. This includes information like:

  • Inquiries - Every time you apply for a credit card to get a free travel mug, duffel bag, or T-shirt, you are adding another hard inquiry to your credit report. When potential lenders see these inquiries, it may wrongly imply that you're either in some financial situation where you need a lot of credit, or are planning to take on a large debt. Either can flag you as a high credit risk.

    Other types of inquiries, such as your own requests to view the report, employer requests to view the report and requests by marketers to get your name in order to sell you something, count as soft inquiries. These inquiries don't show up on the reports that lenders see, and therefore don't affect how they view your credit.

  • Open credit accounts - Another thing to watch out for as you gather all of those free mugs and duffel bags is that even though you may have forgotten about them, accounts you don't use still count toward your total available credit. Just as with the hard inquiries we've talked about, these can indicate to a potential lender that you could easily put yourself into financial danger with all of that readily available credit.

    You should not close out your oldest card, because it has the most history on it, but other than that, close the accounts you don't use. In addition to avoiding excessive available credit, you're limiting your exposure to identity theft.  Cutting up the card or just not using it doesn't mean the account is closed. You have to call or write to the card company and ask to close the account.

  • Missed payments - Obviously, your payment history makes a big difference. You should always make at least the minimum payment, or consolidate accounts to reduce your payments. These delinquencies stay on your report for seven years -- even if you've caught up your payments!  The same goes for accounts that creditors have turned over to collection agencies or charged-off -- meaning that they've written the account off as a loss.  Even if you do pay off the account at a later date, the charge-off or collection action stays on your report for seven years.

  • Maxed-out credit lines - Another thing that scares lenders is a maxed-out credit line (or two). This waves a big red flag and indicates that you may be financially strapped for some reason.

  • Debt in relation to income - If you have unsecured credit card debt that is more than 20 percent of your annual income, lenders may not want to give you the best deal on a loan -- if they'll take the chance and give you a loan in the first place. Work to reduce the debt-to-income ratio and you'll be able to get better rates on the loans you seek.


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