The Financial Clearing Bureau was formed in 1990 and services
the banking sector in Zimbabwe with its credit protection
needs. Commercial and Industrial companies, offering credit
terms to their customers, may also join the Bureau. Credit
protection has been available in Zimbabwe for a long time
and is undertaken by two more prominent organizations, both
of which operate on a highly professional basis.
The services offered vary from one credit protector to the
other, but commonly, these bureaux have associated tracing
and debt collecting agencies to assist their clients. What
separates the Financial Clearing Bureau from the rest is the
interactive nature of its service to clients and the fast
nature of response to credit worthiness enquiries.
The bureau offers to accept your enquiries through its internet
based systems. Electronic enquiries are actioned automatically
(24 hours a day) to ensure that clients of bureau subscribers
may be processed quickly and efficiently (and here we are
talking within minutes), giving you the service provider or
shop keeper an efficient face in handling credit applicants.
The Financial Clearing Bureau is not only interested in civil
defaulters. We have been at pains to obtain intelligence pertaining
to criminal defaulters, mainly for falsitas crimes, successfully
prosecuted through the courts. This gives our clients the
added advantage of being able to route out potential criminals
intent upon attacking our clients businesses before they can
get a foot in the door.
We might add that the Financial Clearing Bureau is the official
conduit for the banking and financial sector for its credit
protection. We have a sizeable database comprising over 500
000 names of company and individual defaulters. We do not
believe any other bureau in Zimbabwe has access to the intelligence
available to the Financial Clearing Bureau. The Financial
Clearing Bureau is handling well over 1000 enquiries per day
of which some 25% result in positive traces on potential clients.