| 1. | Q: Who is BRIS? |
| | A: BRIS Information Services is a Credit Reference Agency which provides credit information report on Companies, Businesses and Individuals. |
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| 2. | Q: What type of information is in the credit information report? |
| | A: A credit information report is a factual record on companies, businesses and individuals in terms of detailed profile of the company or business and includes any litigation cases, winding-up petitions, defaulters' payment records and bankruptcy cases of individuals. |
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| 3. | Q: Where does BRIS obtain the credit information? |
| | A: BRIS obtains all the relevant information from the Statutory Bodies, Subscribers and supplement it from the public domain such as newspaper, courts, gazette and etc. It will create a truly comprehensive snapshot of a subject's present and past track record. |
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| 4. | Q: Who uses the Credit Reference Agency? |
| | A: BRIS can provide credit information to approved subscribers such as i) credit grantors who are considering granting or have granted you credit, ii) employers considering you for employment and iii) anyone else with a legitimate business need for the information. |
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| 5. | Q: What are the benefits of using credit information? |
| | A: The benefits are i) to help credit grantors to minimize business risk, ii) to avoid delinquent paymaster, iii) to weed out wound-up companies and adjudged bankrupts and iv) to help in the recovery of bad and doubtful debts. |
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| 6. | Q: Does BRIS credit information indicate whether credit should or should not be given? |
| | A: BRIS only provides available factual credit information and does not provide any opinion, indication or comments pertaining to whether credit should or should not be granted. The credit grantors will make their own credit decision. Therefore BRIS does not grant or deny credit. |
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| 7. | Q: When is a credit facility classified as default? |
| | A: BRIS does not classify any accounts as default accounts. It merely reflects this information after the Subscriber has classified it as such. |
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| 8. | Q: What type of information is in an Individual credit report? |
| | A: The credit report will provide the following:-
" Your full name, Identity number, Current and previous addresses.
" Statutory records on bankruptcy, litigation cases and defaulter records.
" Number of enquiries made by different Subscribers.
" Interest in other companies or businesses. |
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| 9. | Q: What type of information is not included in an Individual credit report? |
| | A: BRIS database does not contain the following:-
" Personal income details.
" Amount deposited with the Bank.
" Details of assets and liabilities.
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| 10. | Q: How do you correct an error on your credit report? |
| | A:You are required to contact BRIS immediately and submit the necessary documentary proof. BRIS will then be responsible to verifying and changing or removing incorrect data. |
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| 11. | Q: Can I obtain my own credit information from BRIS? |
| | A: With BRIS "Self Check", you can check your credit status and to ensure that your credit information is accurate and updated. You can download the form from BRIS website. |