Why do you need an ITC Report?
Benefits and Features
- Knowing your credit score is useful if you want to take out credit for a new property or whatever that you require credit for.
- It also allows to see if they are any irregularities in your credit history making it easy to detect if they is any illegal activities that is occurring under your name and not of your doing
- It also allows to see how many default you have against your name and how many of your accounts are in arrears before creditors take legal action against you.
- Knowing the number of accounts that you have past and current, etc.
Getting a credit report allows the chance to see in terms of the credit bureau where you stand in terms of getting credit this gives a clear mind set of whether you can apply for mortgage loans, car finances or any other credit item that you desire

Product Details

Your credit report is a very important compilation of information about you. It lists a number of personal identifiers, such as your ID number, your date of birth, current and past addresses, even your current employer. It also reveals present and past loans, credit cards, bonds and any other reported debts.
It discloses the status of those accounts, whether they’re up-to-date, overdue, paid in full or in collections. Any public information, such liens, judgments, bankruptcies, even criminal convictions against you, is also recorded. Your credit report will register the severity of your overdue accounts, whether they are 30, 60, 90 or more days past due, or if they were written off by the lender.
When you apply for a loan or other type of credit, your credit record is ordered and examined by the potential creditor. The report rates your financial status and the creditor uses it to help decide the likelihood of your repaying the borrowed funds.
The credit history or credit report is a negative record of an individual’s or company’s past borrowing and repaying, including information about late payments and bankruptcy.
When a customer fills out an application for credit from a bank, store or credit card company, their information is forwarded to a credit bureau. The credit bureau matches the name, address and other identifying information on the credit applicant with information retained by the bureau in its files.
This information is used by lenders such as credit card companies to determine an individual’s credit worthiness; that is, determining an individual’s ability and track record of repaying a debt. The willingness to repay a debt is indicated by how timely past payments have been made to other lenders. Lenders like to see consumer debt obligations paid regularly and on time, and therefore focus particularly on missed payments and may not, for example, consider an overpayment as an offset for a missed payment.
If a consumer disputes some information in a credit report, the credit bureau will verify the data or resolve the dispute the consumer will be notified of the resolution.
The other factor in determining whether a lender will provide a consumer credit or a loan is dependent on income. The higher the income, all other things being equal, the more credit the consumer can access. However, lenders make credit granting decisions based on both ability to repay a debt (income) and willingness (the credit report) as indicated by a history of regular, unmissed payments.
These factors help lenders determine whether to extend credit, and on what terms.
Entrepreneurs - Interested In Once Off & Passive Recurring Income?
This is just one of the many products available to all Ubuntu Connect Business Partners.
The calculator below indicates the potential profitability of this product. Simply enter the amount you can market to your clients each month and the calculator will indicate your potential profits.
For more information on our Business Partner Program click here.

Important Notice
- I understand that Ubuntu Connect is not a financial services provider and that all the content provided on this site is for informational purposes only, to facilitate the application process and in no way constitutes legal or financial advice.
- Your application for a loan remains subject to approval in-terms of our Credit Providers qualifying criteria and the provisions contained in the National Credit ACT, 34 of 2005. Our Credit Providers are an Authorised Financial Service Provider and have always promoted responsible lending whilst always being compliant with the National Credit Act.