Industry Data Model

Credit Reporting Services

The ADRM Software Credit Reporting industry model set consists of Enterprise, Business Area, and Data Warehouse logical data models developed to support credit bureaus and organizations providing credit gathering and reporting applications.

Credit reporting agencies (sometimes called a consumer reporting agency, credit reference agency, or credit reporting body) collect credit and payment information from merchants, lenders, landlords and other credit providers on a monthly basis. They then aggregate and sell the information to businesses so they can evaluate customer applications for credit.

There are over 1,000 local and regional credit bureaus in the US. These smaller local and regional bureaus are usually affiliated with one of three large national credit bureaus - Equifax, Experian or Transunion.

Lenders make their decisions based on different criteria, so having a comprehensive set of data ensures that all the information is available to make good decisions.

A credit report is an accumulation of credit information about how consumers pay bills and repay loans, how much credit they have available, what their monthly debts are and other types of similar credit information that help a potential lender decide on the risk of lending to that individual. Credit reports do not in themselves determine whether an individual is a good or bad credit risk - but they do provide credit lenders with the information to formulate the decision themselves.

Typical credit report information includes:

The Credit Reporting models can be integrated with or extended by the related ADRM Software Financial Services offerings: Brokerage, Payment Services, Credit Union, Mortgage Services and Retail Banking to establish a comprehensive credit reporting and qualification data environment.

The ADRM Software Credit Reporting models are currently used by one of Asia's leading countries for development of a national credit reporting system.