Credit Bureau

What

A credit bureau creates a record of a consumer’s credit information indicating how the consumer manages his/her credit.

Your credit report contains all the positive, as well as negative information about your payment behavior.

Credit information can be used to

• To assess whether or not the consumer can afford credit.

• To investigate fraud, corruption or theft.

• To consider the consumer for employment.

• To assess whether or not the consumer can afford various services.

Can information be removed from the bureau after the debt that was listed has been paid in full?

The CPA Constitution prohibits the removal of data even though the data refers to a debt that has been paid in full. The default information can only be updated to “Paid in full”.