Loading Defaults

Members are able to load their defaulting debts on the Credit Bureau.  A debt is in default when it is unpaid beyond the credit terms given.  Generally members load debts which are in default for more than 60 days.  Under the Credit Bureau's Code of Conduct, members cannot load a debt that is in dispute.

A defaulting debt also includes a dishonoured cheque. 

After a default is loaded it is the member's responsibility to update the debtor's record when recoveries are made. 

There is no cost to the debt upload services.