How to set up CRC Credit Bureau for Lendsqr

As a lender, you want to offer credit to deserving individuals while protecting your capital. One of the most critical tools you must have in your arsenal to do this is credit bureaus. 

Credit bureaus are extremely important tools that act as a central repository of credit information. They gather and analyze data on borrowers – past loans, repayment history, outstanding debts – and condense it into a powerful tool: the credit report. 

Feature read: Important regulators every Nigerian lender should know.

Lucky for you, Lendsqr is connected and integrated with the most important credit bureaus in 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 jump right into setting up, shall we?

1. Set up your account on CRC

• Before integrating CRC with your Lendsqr’s loan management software, you must create an account with the CRC credit bureau.
• Visit the CRC Credit Bureau website and click on “Create Account.”

• Fill in the required biodata.

• Click on “Create Account” to sign up.

• Get your data verified by the bureau and pay all the necessary credit bureau fees 
• Obtain API keys from CRC Credit Bureau

2. Sign up on Lendsqr or Log in

• Bring CRC 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 CRC as your Credit decision module on your decision model or edit the default Lendsqr decision model

Say goodbye to guesswork lending. Make better credit decisions today. 

Voila! You can now start reviewing borrowers’ loan requests using data fetched from CRC. Gone are the days of relying on intuition or limited information when evaluating loan requests. By integrating the CRC Credit Bureau with your Lendsqr platform, you can access reliable credit information to help you make smarter lending decisions. Send us a message at [email protected], and let’s get you set up ASAP.