Frequently Asked Questions

Defaults Question: What is a default? Answer: a default is where the subscribers of the credit bureaus list you, like Edgars Foschini etc. You will be listed as handed over, bad debt written off etc. Question : How long does a default reflect on my profile? Answer : 2 years from the date of listing. Question : Can a default be removed? Answer : Some companies agree to remove but the national credit act does not permit removal, it must however be taken into account that there are certain rules that govern the listing of an individual, for instance you must be notified by the credit provider that you will be listed ,if the procedures were flawed, you can insist on removal.   Payment Profiles Question : What is a payment profile? Answer : This is a profile of all your credit agreements combined, example below: Credit Approved Monthly Payment Outstanding Payment Cycle Edgars 10000 7680 1000 000012001100 Foschini 4000 1250 340 0000000000 ABSA Personal Loan 15000 12345 1235 0000000 Ousurance 1250 00 1250 000000000 Total The above example shows that anybody considering extending credit to you will know exactly the amount of your outstanding agreements and also how much you are paying in monthly installments, most importantly it will reflect how you are paying the installments, every time a 0 means no payments in arrears, a 123 reflects the number of months in arrears.   Question: Can a payment profile be changed? Answer: only if wrongly reflected but the answer is no, payment profiles are kept for a period of 5 years. Trace Alerts Question : What is a trace alert? Answer : A trace alert is a tool for tracking someone; say for instance Edgars are looking to obtain your whereabouts they will put a trace alert out on you. Question : Can it be removed? Answer : yes normally you must supply your address and contact information and they will remove it .This tool however gets misused by many subscribers and we are busy with a campaign to stop misusage. Judgements Question : What is a Judgement? Answer : a Judgement is listed if a judgement against you was obtained in a court of law and will reflect on your credit profile for a period of 5 years Question : Can a Judgement be removed? Answer : Yes, we negotiate on your behalf with the attorneys e.g. Recission of Judgement, paid up letter
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 © Copyright 2017 All Rights Reserved   | Crediclean

Frequently Asked Questions

Defaults Question: What is a default? Answer: a default is where the subscribers of the credit bureaus list you, like Edgars Foschini etc. You will be listed as handed over, bad debt written off etc. Question : How long does a default reflect on my profile? Answer : 2 years from the date of listing. Question : Can a default be removed? Answer : Some companies agree to remove but the national credit act does not permit removal, it must however be taken into account that there are certain rules that govern the listing of an individual, for instance you must be notified by the credit provider that you will be listed ,if the procedures were flawed, you can insist on removal.   Payment Profiles Question : What is a payment profile? Answer : This is a profile of all your credit agreements combined, example below: Credit Approved Monthly Payment Outstanding Payment Cycle Edgars 10000 7680 1000 000012001100 Foschini 4000 1250 340 0000000000 ABSA Personal Loan 15000 12345 1235 0000000 Ousurance 1250 00 1250 000000000 Total The above example shows that anybody considering extending credit to you will know exactly the amount of your outstanding agreements and also how much you are paying in monthly installments, most importantly it will reflect how you are paying the installments, every time a 0 means no payments in arrears, a 123 reflects the number of months in arrears.   Question: Can a payment profile be changed? Answer: only if wrongly reflected but the answer is no, payment profiles are kept for a period of 5 years. Trace Alerts Question : What is a trace alert? Answer : A trace alert is a tool for tracking someone; say for instance Edgars are looking to obtain your whereabouts they will put a trace alert out on you. Question : Can it be removed? Answer : yes normally you must supply your address and contact information and they will remove it .This tool however gets misused by many subscribers and we are busy with a campaign to stop misusage. Judgements Question : What is a Judgement? Answer : a Judgement is listed if a judgement against you was obtained in a court of law and will reflect on your credit profile for a period of 5 years Question : Can a Judgement be removed? Answer : Yes, we negotiate on your behalf with the attorneys e.g. Recission of Judgement, paid up letter
 © Copyright 2017 All Rights Reserved   | Crediclean