Business Solutions

Member Benefits

Using Creditadvice Barbados products and services is easy and offers limitless benefits!

It is essential for your customers to reach their financial goals and imperative for you to grow your business.  By reporting credit data to Creditadvice and using our products, you:

Reduce risky lending decisions

With access to more comprehensive credit data, lenders have a more accurate picture of a consumer’s spending behaviour and can make more informed and less risky decisions.

Minimize delinquencies and collections

Other credit grantors may offer credit to your customers, not knowing that they already have obligations to you.  This may result in your customers getting over-extended and negatively impact their ability to repay.

Increase on-time payments and collect bad debts

When customers know that their lenders report data, they are more likely to pay on time.  You can also motivate slow paying customers to resolve outstanding debts before delinquency affects their credit and pay in a timely manner in order to protect or improve their current credit score.

Access all customer commitments on the spot

If other creditors are making lending decisions on your customers, the presence of your organization on their credit report will ensure the lenders get an accurate assessment of your customer’s current credit obligations and payment behaviour, which can reduce the possible over extension of credit.

Improve your customers’ experiences and cross-sell

By reporting your positive data to Creditadvice, you can reward your customers by further strengthening their credit score, and you could also extend additional credit.

Enhance your decision-making processes

Faster loan provisioning process, decreased fraud, higher acceptance rates.