COMPANIES and individuals will now be able to access credit reports and credit scores online, through CreditInfo Guyana’s website.

Chief Executive Officer (CEO) of CreditInfo Guyana, Judy Semple-Joseph, said the online services were launched to remove the hassle of making persons travel to the New Market Street office to enquire about their credit information.

Instead of having to visiting the office, persons would now be able to visit https://gy.creditinfo.com/ and access the online services.

“We know there are persons living in the far-reaching areas so they too would be able to access our services online,” said Semple-Joseph during the launch of the online services, on Friday.

Persons and companies are entitled to one free credit report a year, after which they would be required to pay a fee, which is stated on the website. Persons, who are required to make payments, can do so through GTT’s mobile money service.
The website also allows persons to file disputes and enroll for CreditInfo’s monitoring services.

Semple-Joseph said the company, over the years, has moved from providing just credit information to providing intelligent information, which lenders utilise for credit risk management.

“There have been faster credit decisions and ultimately quicker loan approvals – within one hour and same day approvals,” she said, adding that more persons are accessing financing from the formal sector.

She said there has also been substantial improvement in the quality of credit data being held by credit information providers for which, CreditInfo has played a significant role in assisting subscribers in the data cleaning process.
These entities include financial institutions, utility companies, hire purchase companies and trade creditors.

Over the years, there has been an expanded database, which includes more than 60 per cent of the adult population in Guyana compared to zero per cent in 2015. There are 250,000 credit active customers.
CreditInfo Guyana, located in the heart of Georgetown was the second regional presence of the CreditInfo Group and the first-ever credit bureau in Guyana.  CreditInfo Guyana entered the group in 2012.

The main products and services, which they offer, include the provision of full and semi full credit reports with an optional powerful CreditInfo predictor score, available in real-time and batch.

The company developed several specifically-focused modules that address the needs of the financial community and the Small and Medium Enterprise SME sector.
CreditInfo Guyana also offer services that automate the capture and decision-making capabilities of new applications for credit, making it easier for credit providers to process new customers and expand their portfolio in line with individual goals and objectives.
These reports and services are particularly tailored to positively transform the lending and credit provision environment in Guyana, through coherent and informed risk assessment, decision-making and strategy.