Under the Credit Reporting Act of 2010, a credit bureau can collect the following types of information on consumers:
- Information about the consumers’ financial means
- The amount and type of loans and advances or other credit facilities granted to a consumer
- The type of security taken from any consumer in respect of credit facilities (including lease financing and/or hire purchase)
- The nature of any guarantee or other non-fund based facility accessed by a consumer
- History of financial transactions involving the borrower
- Analysis of the above information to arrive at conclusions about the consumer’s credit worthiness. This may be in the form of numerical or alphabetical scores.