Learning Center

What is a credit bureau?

A credit bureau (or credit reference agency) is an independent company that collects and maintains credit data from a variety of sources to help lenders with loan-making and portfolio management decisions.

What is a credit score?

A credit score is a statistical representation of a borrower's credit worthiness. The score represents a ranking of risk in any population and is far more objective than judgmental evaluations.

What is a credit report?

A credit report is a collection of data on an individual or company's past borrowing and repaying habits – financial information plus non-financial data to include name, address, employer and phone number.


Online Library of Information for Nigerians:

Title Filter      Display #  
# Article Title Hits
1 What every borrower should know 6983
2 Credit Bureau Basics 4722
3 Credit Bureau as a Social Accountability Mechanism 3137
4 Identity verification with the Next-Generation Credit Bureau 3896
5 Effective Debt Collection using Credit Bureau Information 6832
6 Using Credit Bureau Data to improve Risk Assessment 3964
7 Credit Bureaus & SMEs 3652
8 Modern Credit & Risk Management Business Models for Consumer & Small Business Lending 5291
9 The Importance of Risk Based Pricing 3179
10 Why you need to monitor your portfolio 2916
11 The Importance of Credit Reporting in the Banking Industry 5764
12 Collections Analytics 3631
13 Focus on Fraud 3015
14 Focus on Fraud II 2288
15 Introduction to Credit Scoring 4883
16 Introduction to Credit Scoring II 2012
17 Credit Bureau FAQs 1179

Who we are

CR Services (Credit Bureau) Plc provides a cutting-edge approach to credit and risk management. By applying biometric technology and our industry-leading information and education programs to help lenders and retailers manage risk and increase revenue, we provide every tool to get the job done. Our products and services include credit reporting that enables creditors, employers, landlords, insurers, etc. to make credit opportunities available to consumers and small businesses.

  • First private credit bureau operator in Nigeria (Incorporated in Nigeria in January 2003)
  • First fully operational credit bureau in Nigeria (Bureau service commenced in December 2003)
  • First credit bureau in the world to integrate anti-fraud and biometric technologies into a credit bureau system
  • First credit bureau to record 100% coverage of commercial banking industry in Nigeria
  • First to introduce credit bureau scores into the Nigerian market
  • Largest credit bureau database of over 30 million recordsand still growing
  • Widest member coverage by industry

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