Experian, the leading South African consumer credit bureau, has launched its new online credit report and monitoring service - CreditExpert. Experian`s CreditExpert will provide South African consumers with the power to manage, protect and improve their personal credit information.
CreditExpert offers fraud detection, monitoring alerts, ID verification and enables consumers to access their personal credit reports online, as often as they choose.
CreditExpert is set to become an important tool in the fight against identity fraud. The product provides a credit monitoring service that alerts consumers by e-mail or SMS of critical changes that have taken place on their Experian credit report, which they can then access online, at www.creditexpert.co.za, to identify any possible fraudulent activity.
"Impersonation fraud occurs where somebody uses your name and identity to obtain credit they never intend to repay," said Nico Naidoo, Managing Director of Experian Credit Services. "More than 80 000 South Africans apply for credit every day. With so many people utilising credit, the risk of fraud has increased dramatically.
"By monitoring your credit report with Experian, you will know immediately if abnormal activity has occurred. For example, if a lender has requested your credit report without your permission, someone may be using your identity number to illegally obtain credit. When they do not repay the debt, it could negatively impact your credit report and you could be burdened with the debt.
"Consumers registering with CreditExpert will be made aware of potentially fraudulent activity immediately. This way both consumers and lenders will be able to take action to stop it."
Consumers are entitled to one free copy of their credit report annually - by registering with CreditExpert, consumers are given one month unlimited access to their Experian credit report every year. With CreditExpert, consumers can also log a query and update information online at their convenience.
For more information on Experian`s CreditExpert, visit www.creditexpert.co.za or contact 0861 10 56 65.
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Experian is a global leader in providing information, analytical and marketing services to organisations and consumers to help manage the risk and reward of commercial and financial decisions.
Combining its unique information tools and deep understanding of individuals, markets and economies, Experian partners with organisations around the world to establish and strengthen customer relationships and provide their businesses with competitive advantage.
For consumers, Experian delivers critical information that enables them to make financial and purchasing decisions with greater control and confidence.
Clients include organisations from financial services, retail and catalogue, telecommunications, utilities, media, insurance, automotive, leisure, e-commerce, manufacturing, property and government sectors.
Experian Group Limited is listed on the London Stock Exchange (EXPN) and is a constituent of the FTSE 100 index. It has corporate headquarters in Dublin, Ireland, and operational headquarters in Costa Mesa, California and Nottingham, UK. Experian employs around 15 500 people in 36 countries worldwide, supporting clients in more than 65 countries. Annual sales are in excess of $3.8 billion (lb1.9 billion/EUR2.8 billion).
For more information, visit the group`s Web site on www.experiangroup.com.
The word `Experian` is a registered trademark in the EU and other countries and is owned by Experian Ltd and/or its associated companies.
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