Default data is information supplied to a credit bureau by
the credit grantors that relates to late payment or non-payment on accounts.
Different retention periods apply for different types of defaults.
Classifications such as 'delinquent', 'default', 'slow
paying', 'absconded' or 'not contactable' are recorded on your credit report
for 1 year.
Classifications related to enforcement action taken by the
credit provider, including classifications such as handed over for collection
or recovery, legal action, or write-off are recorded on your credit report for
What is default information?
Default data is negative information supplied to TransUnion by the store or bank if you default on your credit agreement with them, that is, if you fail to pay your account. A default remains on your credit report for 1 year, depending on the ...
Once I paid the default, why is it not removed?
Credit bureaus are required by the National Credit Act (NCA) to retain this information on the consumer's report for the prescribed retention period - regardless of whether it reflects negatively or positively on the consumer. Therefore this ...
We are aware that we are working with individual’s private data and have ensured that consent is properly obtained, and that the information received is well protected in an encrypted system. In terms of the National Credit Act 34 of 2005, employers ...
We keep your data safe
Strong safeguards are in place to help protect your privacy. All data is stored in encrypted format. Software-based security tools to monitor and protect the flow of information into and of out of your secure portal which meet the requirements of the ...
Do you undertake automated assessments of non South African individuals and companies?
Currently we have only enabled automated lifestyle, third party due diligence and integrity screening for subjects that have a South African domicile, which includes South African citizens, companies, trusts and persons with a permanent residence ...