CREDIT INFORMATION REPORTING AGENCY PTE LTD FEES
| Fee | Fee Description | Approved Fees (VEP) |
|---|---|---|
| Annual Membership Fee | Applies to all members of CIRA and will be charged on an annual basis. | $1000 |
| Credit Search Report Fee – CIP and
CRR ONLY. (CIP - Credit Information Provider) |
Credit search on a customer by a Member. Search includes information on defaults and personal information shared by Members in compliance with the Act. Charged per search report issued. Fees are volume based. Members are invoiced monthly. |
Monthly volume based
|
| Credit Search Report Fee – CRR
only. (CRR - Credit Report Recipient) |
Credit search on a customer by a Member. Search report includes information on defaults and personal information shared by Members in compliance with the Act. Charged per search report issued. Members are invoiced monthly. | $25 per Report |
| Credit Search Report Fee - Over the Counter | Credit search requested by a Consumer (Walk-ins) on own records. Search includes information on defaults and personal information shared by Members in compliance with the Act. Search performed by CIRA. Charged per search report issued. | $25 per Report |
| Monitor Hit | Alert to Members where a customer file has been added to or searched. Charged
per alert issued. Only applicable to noted files as per Member’s request. |
$3 per Alert |
| Minimum Monthly Fee *CIP & CRR members ONLY |
Charged where a Member records transactions less than 380 in count per month. Charged per month. Any Member whose searches will be less than 380 will have the option to use the Credit Search Report Fee Over the Counter whichever is lesser. | $3,000 |
NB: All fees will be reviewed annually and/or whenever required. VAT exclusive