The Credit Reference System (KRS) is an "information sharing system" that, using modern methods, enables detailed information about individual credit product customers to be shared among institutions that are members of KKB, in order to determine the risk factor at the credit decision stage and, accordingly, to enable a credit decision to be made.
Thanks to the credit score, KKB A.S. members share information about consumers who are current and potential customers for any type of individual credit product with one another.
Through an inquiry performed in KRS, it is possible to access, online/in real time, within a matter of seconds, all open and closed account information in which our customers hold the position of 'debtor' or 'guarantor', together with account-level payment performance information. This makes it possible to determine your total credit risk and payment habits within a short time and to reflect them realistically at the credit decision stage.
In accordance with a standard structure (format), KKB A.S. transfers the individual credit product information it receives from its members into the KRS database in its original form, without subjecting it to any modification, merging, addition, or similar processing.
The KRS database grows richer over time through the participation of new members and monthly update notifications, and plays an increasingly effective role at the credit decision stage.
Credit account information (all accounts, whether positive or negative) is kept in KRS for 5 years from the account closing date.
Within the scope of KRS, KKB members also share information with one another about any situation requiring a warning.
Benefits of KRS
- It increases the volume of credit extended by measuring credit risk,
- It helps individual credit usage become more widespread,
- It enables rational decisions to be made when setting new credit limits,
- It encourages individual credit customers to make regular payments,
- It keeps problem customers outside of KKB member institutions.
KKB Scores – What Do Credit Scores Mean?
In general,
- 1,700 and above – the customer's payment performance is very good
- 1,500-1,700 – the customer's payment performance is good
- 1,100-1,500 – the customer's payment performance is average-normal
- Below 1,100 – the customer's payment performance is assessed as weak.
However, although these scores create a general impression, the detailed information behind the score is carefully analyzed, and the evaluation also takes into account the debtor's and guarantor's social status, payment habits, and debt information at other banks.
