How to set up CreditRegistry on Lendsqr

Lenders often face the dual challenge of extending credit to eligible borrowers while minimizing risks to their financial resources. Among the indispensable resources at your disposal for achieving this objective are Credit Bureaus.

Acting as a central repository for credit data, credit bureaus collect and evaluate borrowers’ financial information, such as previous loan activities, repayment performance, and current debt status, to generate what is known as a credit report.

Featured read: Important regulators every Nigerian lender should know

Fortunately, Lendsqr is fully integrated with the key credit bureaus across Africa — CRC, CreditRegistry, TransUnion, and FirstCentral, and you can get access to millions of data to help you make smarter credit decisions in a matter of minutes. Let’s get started, shall we?

1. Set up your account on CreditRegistry

• Before integrating CreditRegistry with your Lendsqr’s loan management software, you must create an account with the CreditRegistry.
• Visit the CreditRegistry website and click on “Business Sign-Up.”

• Fill in the required biodata. 

• Click on “Sign up.”

• Get your data verified by the credit bureau and pay all the necessary fees.
• Obtain API keys from CreditRegistry credit bureau. 

2. Sign up on Lendsqr or Log in

• Bring CreditRegistry’s API keys to Lendsqr for integration
• Sign up and create an account with Lendsqr
• Alternatively, Log in to your Lendsqr Admin console

3. Configure your decision models

• Navigate to the “Product Management” tab on your Lendsqr Admin console.

• Navigate to the “Decision Models” tab under the “Product Management” tab. 

• Configure CreditRegistry as your credit decision module on your decision model or edit the default Lendsqr decision model.

Start lending with confidence today

Ta-da! Now, you can review borrowers’ loan requests with data straight from CreditRegistry. No more relying solely on gut feelings or incomplete information. By linking CreditRegistry Credit Bureau to your Lendsqr platform, you can access dependable credit insights for smarter lending choices. Drop us a line at growth@lendsqr.com, and we’ll get you up and running in no time!