TransUnion | Products

TransUnion
Default Listing

Our TransUnion Default Listing service allows credit-granting businesses to efficiently list a business or consumer who has defaulted on a payment, in full compliance with the National Credit Act (NCA). By utilising the TransUnion Default Listing, you can ensure that all defaults are accurately recorded, providing a reliable reference for other credit providers. The TransUnion Default Listing process helps protect your business from potential risks by maintaining a comprehensive record of payment defaults. With TransUnion Default Listing, you can enhance your credit management strategy and make more informed lending decisions.

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TransUnion Default Listing Function

The TransUnion Default Listing is a feature that enables credit-granting businesses to report their clients who have defaulted on a payment as per the National Credit Act. This helps maintain transparency and accuracy in credit reports, allowing lenders to make informed decisions about lending money.

Before the credit agreement is in place:

Must have a valid CIPC registration number registered to their business.
The client (defaulter) must have a signed and legal credit agreement with the organisation.
The organisation must have performed the correct verifications and compliance checks on the entity/consumer.
With their written consent, an affordability assessment must be performed on the consumer/entity before a credit facility is allocated.

When a default listing can be done on Datanamix:

A valid signed credit agreement must be in place.
The client must be given 90 days to settle their debt.
After 90 days, a section 129 letter/ final demand letter must be sent to the customer.
Twenty working days after the final demand letter is submitted, the customer can be listed on Datanamix.

Comprehensive Product selection

Enjoy full access to a comprehensive suite of products and information that will assist you in minimise your credit risk and making more informed decisions.