Information about the Credit Report by CRIF Jordan

What is the Credit Information Company?

It is a company operating under the Credit Information Law (2010/15), specializing in the collection of credit information related to individuals and companies to be provided to credit providers for the purposes of credit risk assessment. CRIF Jordan is Jordanian Company licensed by the Central Bank of Jordan (CBJ) in accordance with the provisions of the Credit Information Law in order to provide credit inquiry services.

From where does CRIF Jordan obtain the credit information? What is the nature of the information being collected?

Credit information is collected in an official and legal manner from data providers in the Kingdom (such as banks, financial leasing companies, credit sales companies, non-banking financing companies) and the data includes information identifying the individual / company and their related credit contracts.

How is the privacy of information dealt with at the Credit Information Company?

CRIF Jordan applies the highest international standards for the security and protection of information by imposing the preservation privacy and protection of information. Information is accessed by the entities authorized to inquire within safe communication channels and adopted operational mechanisms that guarantee the privacy and confidentiality of information.

How is the data updated on the Credit Inquiry System?

The data is updated by data providers in a periodic and automated manner, so that it reflects all credit transactions as they were on the date of the update.

What is a Credit Report?

A credit report is a report that contains detailed information related to the transactions of an individual / company that has obtained financing or credit from credit providers in various sectors.

What is the importance of the information included in the report?

The importance of the report information lies in showing the borrower's competence and eligibility to obtain the required credit by displaying his credit history, which facilitates access to financing.

How can wrong information in the credit report be corrected?

In the event that the report contains information that needs to be corrected, the concerned party has the right to consult CRIF Jordan and apply for a correction, and accordingly, it will follow up on the request based on the followed procedures.

Who has the right to view the credit report?

All entities that are subscribed to the credit inquiry service and are qualified under the Credit Information Law, after obtaining an "Access Permit" from the relevant individual / company.

How to get a copy of the credit report?

Each person has the right to obtain a copy of his credit report free of charge one time per year, by communicating with CRIF Jordan. CRIF Jordan operates under the supervision of the Central Bank of Jordan.