Do you know banks today unintentionally commit the error of not updating loan repayments of borrowers as at when due? Do you also know that loans are being taken every day in people’s identities without their knowledge that debts are being accrued in their names? As a leading Credit Bureau in Nigeria, we get reports daily from people that have their loan applications turned down because of reports of bad credits they know nothing about. However, these bad credits often include dormant accounts opened in their names, that have run into debit balance.
These amongst other reasons are why CRC Credit Bureau designed I-CONplus and CONplus products for individuals and corporate organizations to monitor all their loans and accounts at a glance.
CRC CONplus and I-CONplus are monitoring tools that enable individuals to proactively monitor all their transactions with the entire commercial banks, other financial and non-financial institutions in Nigeria at a glance for a period of one year. These products help customers to also monitor their current accounts across the banks to enjoy prompt notification in an event of sudden change in status from credit to a debit position, which is recognized as an unauthorized overdraft by the banks and reported to CRC Credit Bureau Limited.
They provide a proactive approach to ensuring that subscribers can keep their credit history accurate, thus maintaining a good credit profile. Individuals and organizations run the risk of ruining their reputation and reducing their access to credit facilities for business growth, when they do not monitor their loans and account activities regularly.
Here are 10 things you need to know about these products
Their acronyms mean Credit Overview Notification. The I in I-CONplus means Individual.
CRC I-CONplus and CONplus are annual subscription products. Subscribers enjoy a 12 calendar months of prompt credit notifications/updates at a token of N2, 520.00 (Two Thousand, Five Hundred and Twenty Naira) for I-CONplus and N10,520 for CONplus (Ten thousand, five Hundred naira).
Subscribers can make a deposit or transfer in favour of the account stated below and get their first notification within the next 48 hours after payment is confirmed.
Bank: United Bank for Africa
Account number: 1012599092
Account name: CRC Credit Bureau Ltd.
For more information on these products and registering online, please visit www.crccreditbureau.com/products