Credit bureaus play a vital role for lenders by providing reliable credit information on borrowers. This information helps lenders assess a borrower’s creditworthiness, spot existing obligations, and make informed lending decisions. Lendsqr integrates seamlessly with every major credit bureau in Nigeria, ensuring that lenders have access to complete and verified credit data.
Lendsqr currently supports integration with the following licensed credit bureaus in Nigeria:
- CRC Credit Bureau
- CreditRegistry
- First Central Credit Bureau
These bureaus maintain detailed credit histories and profiles of millions of Nigerians. They track past loan behavior, active obligations, and repayment patterns—giving lenders the insights they need to lend confidently.
Lenders using Lendsqr can query multiple credit bureaus at once. You can set up your decision model to check a borrower’s record against all available bureaus. For instance, if the system doesn’t find a match in CRC Credit Bureau, it automatically checks CreditRegistry or First Central. This chain of checks increases your chances of finding complete credit information.
This multi-bureau approach strengthens your risk checks and helps prevent fraud. It also supports regulatory compliance and reduces the chance of approving loans to unknown or high-risk borrowers.
Whether you serve a niche market or operate at scale, Lendsqr’s flexible credit bureau integration empowers you to make faster, smarter, and safer lending decisions.
Read further: Use multiple credit bureaus to double your protection