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Frequently Asked Questions

We obtain our information from impartial third-party businesses and government sources. We then supplement it with the information we obtain through our interviews with business owners and managers.
Here are just a few of our information resources:

  • All bankruptcy filing locations
  • Chamber of Commerce Damascus
  • Hundreds of trade experiences telling us how individual businesses are paying their bills
  • Hundreds of bank experiences
  • Public utilities
  • Our own filing locations
  • Daily newspapers, publications and electronic news services

In all, we can have too many data elements on any given company, which helps you get a more complete picture of a business. We are also the only business information provider that collects financial statements on both publicly and privately held companies.

Before we enter any information into our database, it must first pass a number of quality checks. In fact, there are currently over 20 validations in our customized data entry system alone. We then supplement our checks by mainframe data cleansing processes, like our Duplicate Report Protection System and Address Standardization.

Once the information is validated, it's entered into our database, the only database of business information in Syria. It's then made available to businesses around the globe. The data can be used as follow: to check the credit rating of over 20 thousand companies, to compile highly-targeted lists of prospective customers, to track competitors' sales, and much more.

You can view your records, and also, any potential customer or company that may wish to do business you, can view your records by purchasing a copy of your credit profile.

The Syria Credit Bureau (SCB) carefully regulates how your credit profile reports can be used and by whom. You have the right to obtain your own reports at a reasonable price, and before customers or other companies can access your credit information, they must offer proof that they will be using the data for no other purpose than that which is allowed by law.

Your credit profile report contains only the basic information listed below: (identifying information, credit information, public record information, and inquiries)

Identifying personal information includes:

  • Your name
  • Your current and previous business addresses
  • Your SCB number
  • Your year of birth
  • If you're married, your spouse's name

Credit information includes credit accounts or loans you have with:

  • Banks
  • Retailers
  • Credit card issuers
  • Other financial lending institutions

Public record information includes any information that is contained in any state and county court records, like:

  • Bankruptcies
  • Tax liens
  • Monetary judgments

Inquiries indicate to other credit grantors that you have applied for new credit that could result in additional debt. Potential lenders may view multiple recent inquiries on your credit report as a sign that you are overextending yourself.

No. Your credit profile report does not contain any information regarding your race, religious preference, medical history, personal lifestyle, personal background, political preference or criminal records.

Any positive information in your credit profile will remain in your credit profile report indefinitely; however, if no new or updated information is reported on an existing item in your credit profile for seven years, it will be removed. (for example: a closed account will be removed from your credit profile seven years after it has been reported closed by the credit grantor).

Most negative information remains in your credit profile for up to 7 years. Bankruptcies will remain in your credit profile for up to 10 years. Other public record information can remain for up to 7 years. Most inquiries will stay in your credit profile for up to two years.

All data collected by Syria Credit Bureau (SCB) must first pass rigorous quality checks. Our customized data entry system alone contains over 20 information validations. To further ensure the accuracy of our information, we randomly call companies and review the information we've complied on their businesses with them.

If, for any reason, you should question the information received about a company, a group of dedicated consultants are available to reinvestigate the information at no charge.

The Syria Credit Bureau (SCB) Credit Evaluator reports provide easy-to-read credit information profile on any of the over 20 thousand companies in the Syria Credit Bureau (SCB) database.

The Credit Evaluator shows the potential risk of late or delinquent payments.

The Credit Evaluator shows the risk that a company will pay in a severely delinquent manner (90+ days past terms) relative to other businesses in the Syria Credit Bureau (SCB) database. Higher risk (red) indicates that a company is more likely to pay severely beyond terms, and lower risk (green) indicates that a company has a low likelihood of paying in a severely delinquent manner.

The evaluation is based on a number of credit factors determined by the Syria Credit Bureau’s (SCB) sophisticated analytical tools.

Yes! First, ensure we have the latest, most up-to-date information about your company. You can quickly review and update over 60 different data elements about your firm by clicking here. Or if you prefer, you can call us and update your company information.

Second, make sure Syria Credit Bureau (SCB) has your company's complete payment history. Check to see that all your accounts are in your business name. And ask your suppliers to report their trade experiences with you to Syria Credit Bureau. Finally, be sure your company's bills are paid on time.

 

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