Credit Reference Bureau (CRB) is every borrower’s motivation of paying up a loan. There are over 500,000 borrowers blacklisted by the CRB for not paying up currently.
According to data from Transunion Credit Reference Bureau in the year 2015, only 150,000 borrowers were blacklisted but with the era of quick money lenders such as mobile loan apps 350,000 more borrowers are now blacklisted three years later.
One does not require to sign up for huge loans to get blacklisted, as long as it’s a loan that you committed to pay and failed, then your name is likely to be amongst the 500,000 Kenyans blacklisted by the CRB. It is advisable to check and ensure that your personal information has also not been used to take up loans that resulted in your name being blacklisted without your knowledge.
Repaying the loan that led to you getting blacklisted does not get you off the hook, your information remains on the CRB’s records showing you have a low credit rating for the next seven years which makes the banks refrain from giving you loans within that period.
Kenya’s CRB has three licensed companies, namely: CreditInfo, TransUnion and Metropol.
To access your CRB status, you are required to register with either of the companies or all of them.
In the case where your lender sends a report to get you blacklisted to all the three companies, then, you will have to clear with all the companies.
To check whether you’re CRB blacklisted you can use either of the methods below:
Check CRB status with Metropol
Check CRB Status with TransUnion
TransUnion CRB Kenya services are accessed through SMS number 21272, the default Transunion Nipashe app or on their official website.
Text your names as is indicated on your Identity (ID) Card to 21272 or 21CRB with 19 shillings as SMS Charges, download the Transunion Nipashe app to avoid the SMS charges
Check CRB Status with CreditInfo
To use the creditinfo services to check you’re CRB status visit their website and follow the following steps:
Clearing with the CRB Once Blacklisted
If your credit report showed default which means you are blacklisted, you need to clear with the CRB. You can ask for the contacts and details of the lender that got you blacklisted with CRB, to get the information you will have to pay 50 shillings.
In the case where you feel you were wrongly blacklisted; you can visit the indicated lender to resolve the issue.