Credit Check Policy-Responsible Lending at Pre-eminence Financial

Transparency and Informed Decision-Making

At Pre-eminence Financial, transparency and responsible lending are at the heart of our commitment to you. As a part of our loan application process, we may conduct credit checks to ensure that your borrowing experience is aligned with your financial capabilities. The following outlines our Credit Check Policy:

Consent and Authorization

By submitting a loan application, you provide explicit consent and authorization to Pre-eminence Financial and its representatives to conduct credit checks and gather credit-related information about you from various sources, including affiliated entities in Namibia and beyond.

Information Collected

Our credit checks aim to assess your creditworthiness, payment behavior, indebtedness, and overall financial profile. We may obtain information from reputable credit bureaus, such as Compuscan, in various formats, such as pdf, xml, or raw data string, to support our evaluation process.

Verification and Due Diligence

As part of our dedication to responsible lending, Pre-eminence Financial may undertake reasonable verifications and research to confirm the accuracy and completeness of the details provided in your loan application. This process ensures that our credit assessment is robust and reliable.

Cross-Border Information Sharing:

To conduct a comprehensive credit assessment, Pre-eminence Financial may share the credit information obtained across borders, as necessary, with relevant affiliates and entities within the Compuscan Group. This enables us to make well-informed lending decisions while adhering to all relevant data protection laws and regulations.

Your Acknowledgment:

By submitting your loan application, you acknowledge and agree to the terms outlined in this Credit Check Policy. It’s important to note that the results of the credit check will solely be used for assessing your eligibility for credit and determining loan suitability. In cases of loan approval, the acquired information will be used for internal records and to ensure compliance with our privacy policies

Your Questions Answered:

Should you have any inquiries or concerns about our Credit Check Policy, our customer support team is here to assist you throughout the loan application process. We are dedicated to providing you with the information and support you need.

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Thank You for Choosing Pre-eminence Financial!!