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CBA Appoint New Executive Manager


Credit Bureau Association appoints new executive manager

CBA alison magrath smallThe Credit Bureau Association (CBA) has appointed a new executive manager, Alison Magrath.

Alison is a stalwart of the credit information industry,” says Mike Reilly, chairperson of the CBA. “We welcome Alison to the CBA and look forward to working together.

 

 

 

 

 

The CBA

The CBA is a voluntary association for credit bureaus that promotes fair and equitable services in the credit information space.

Alison’s appointment is effective as of the 1st of June 2017. She has a wealth of applicable experience, both in the legal field and in the credit information sphere. Most recently, she has been running her own consultancy, Legalbizconsultants, working with the National Credit Regulator (NCR) in the role of the credit bureau compliance manager. There she worked on mid- and long-term strategy, drafting circulars and guidelines, and amending legislation with a view to protecting consumer credit information as managed by bureaus.

 A Little About Her Background

Prior to that, Alison worked at TransUnion Africa as the group risk executive (vice-president, legal & regulatory); in Dubai within the banking and finance department of a prominent law firm in the United Arab Emirates; and as group legal counsel for a southern African banking group; among other relevant positions. She was admitted as an advocate of the Supreme Court of South Africa in 1990.

 Draw Your Free Report

The CBA works to promote access to personal credit reports and educate consumers on responsible credit use.  “Checking your report is a good way to assess the health of your credit use and management thereof. From your report, you can see how specific credit accounts are affecting your credit score, and you can spot any potential identity fraud,” says Alison. “We want to see the number of free reports issued going up consistently because it is a sign that people are taking responsibility for their own credit situations,” added Alison.

 Blacklisted? No, You Are Not!!!

Persistent myths about credit reports continue to be an issue in South Africa. Both anecdotal and survey data shows that many people still believe that being “listed” by a credit bureau is a bad thing. In truth, anyone who uses credit has a credit profile and is listed, and this profile contains information on both “good” and “bad” credit management. This includes whether you pay your accounts on time, in full, partially or late. Every consumer is entitled to a free report from each of the bureaus each year.

 

CBA logo full colourFor a list of all credit bureaus and their contact details, visit www.cba.co.za

 

 

 

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