A personal credit report is information about your credit history
payment behavior that is provided to SIMAH by all member banks,
financial institutions, and other credit grantors registered
with SIMAH. It provides information such as your credit or loan
history, identity information, credit accounts, loans, credit
cards, payments, and recent enquiries etc.
A variety of businesses check your personal credit report to make
lending decisions. Banks check the personal credit report before
approving credit cards and loans, including mortgages and auto
loans. The credit report affects many part of a person’s life,
hence it's important that the information included in the report
is accurate and positive. The personal credit report is the sole
and comprehensive source of information about an individual with
The personal credit report contains basically all credit
information including your national ID, date of birth and
employment information which are used to identify you as an
individual. The report also includes the type of credit facility
undertaken (incl. credit card, auto loan, mortgage, etc.), the
date of opening accounts, the credit limit or loan amount, the
account balance and detailed payment history amongst others.
All the individual’s personal Information and subsequent updates
to the information comes to SIMAH from the credit lenders (who
is a member of SIMAH) like banks, credit card companies, housing
loan companies, post-paid mobiles companies, financial
institutions etc. All these lenders share the personal credit
information with SIMAH who collects & exchanges this credit
information between its members.
If you want to update your personal information please send required documents to Cs@simah.com
If you believe any information on your personal credit report is
inaccurate or incomplete you can raise a dispute case and tell
us specifically why you think it’s inaccurate or incomplete. Log
through your personal account in SIMAH website under Dispute,
make sure that you read dispute instruction and tips, fill all
needed field and attach supporting documents then submit your
A bounced cheque will be registered in your credit report if the
cheque was used for payment, but it could not be processed for
insufficient balance or no balance to fund the payment and was
not settled for more than 60 days. If you noticed a registered
bouncing cheque in your credit report which was already settled
with the beneficiary (during or after 60 days from being
bounced). Log through your personal account in SIMAH website
under Dispute, make sure that you read dispute instruction and
tips, fill all needed field and attach supporting documents that
proves the bouncing cheque settlement then submit your dispute.
According to Implementing Regulations for Credit Information Law
(IR of CIL), dispute cases shall be closed within 30 business
days. In SIMAH we are working continuously to close all dispute
cases as soon as possible although it depends on many factors as
dispute details, document provided and member response.
Customers can also track their dispute cases through their
personal account in SIMAH website under dispute tracking.
If you have the original copy of the cheque then raise you
dispute via website and bring it to the bank or SIMAH Center.
If you don’t have the original copy of the cheque then you can raise
a dispute from SIMAH website and attach the following documents:
SIMAH Business Credit Report is a report on payment history
related to credit agreements in the name of a business. It will
indicate if a business makes regular payments to debtors.
Defaults and decisions of the court of execution against that
business is also recorded.
A business credit report provides the following information on a
Accuracy of the profile: Ensure the data shown
in the business credit report is accurate and up-to-date.
Information seen by the lenders will decide the level and value
of credit which will be offered to the business —even minor
errors in the business profile can make it more difficult for
businesses to qualify for a loan.
Make Prompt Payments: The promptness with which
a company pays its bills is one of the driving factors that
impact business credit ratings. For maximum impact, pay invoices
ahead of the due date. The greater the number of days a company
pays sooner than terms the greater the impact it will have on
its business credit scores.
Not applying for new business credit cards or loans too
frequently resulting in numerous credit enquiries, which will
look bad on the report.
Keeping personal and business accounts separate - Using a
separate credit account for your business and personal expenses
is great for a number of reasons and can help build business
credit and developing a credit history with manageable debt is
If you are a business owner in KSA and wish to generate your
businesses credit report then as per the
credit information law http://www.sama.gov.sa/en-US/Laws/BankingRules/CreditInformationSystem.pdf
regulations you can generate the report by registering
online on the SIMAH website https://www.simah.com/
An official, certified credit certificate, the Certificate is
issued to members of the business sector to show their total
credit exposure to banking and non-banking sectors. This
Certificate is used as a requisite to securing a government
project or competing in a tender bid.
Business owners in KSA can generate their Certificate of Credit
Record Soundness by registering and paying on the SIMAH website
To generate Certificate of Credit Record Soundness click here:
You can raise a business dispute by visiting the below link:
Contact: Membership@simah.com to
become a SIMAH member – you will require
the following documents to become a member:
SIMAH vast repository of credit information arguments and
benefits the credit underwriting and portfolio management
efforts. Members have access to consumer and company Credit
Information Reports, Credit Scores and a host of value added and
statistical tools that help them constantly monitor their
portfolio from acquisition to collections stage. This allows
members to increase their ability to identify lending
opportunities, mitigate risk and ensure business success and
Credit score is a statistical number that evaluates an
individual’s creditworthiness and is based individual’s credit
history. It is a concise graphical reflection of the personal
Credit Report. Lenders use credit scores to evaluate the
probability that an individual will repay his or her debts. The
higher the score, the more financially trustworthy a person is
considered to be. The SCORE is designed to predict risk,
specifically, the likelihood that individual’s may become
seriously delinquent on their credit obligations.
Using and paying your credit cards, mobile phone and loans on
time is one of the quickest ways to increase your score. If you
don’t currently use any credit products, consider creating a
positive ‘track record’ by using and paying a credit card in
full each month. Also, make sure your mobile phone post-paid
account is in your own name, rather than a family member’s name
and pay it on time.
In general, scores do not change that much over time. But it's
important to note that your score is calculated each time it's
requested; either by you or a lender. And each time it's
calculated it's taking into consideration the information that
is on your credit report at that time. So, as the information on
your credit report changes, your score can also change.
Using and paying your credit cards, mobile phone and loans on
time is one of the quickest ways to increase your score.
Not necessarily. Two different banks may make a different
decision for the same customer. Each bank has their own criteria
which may include your score, your debt burden (which factors in
your income), and other bank policy factors. Different banks
have different risk threshold – one bank might reject the
application and another might accept it due to these differences
in their policies.
Your credit score is calculated from the credit data on your
credit reports. It considers data such as your loan, credit
card, and mobile phone Payment history, amounts owed, length of
your credit history, and new credit and types of credit in use.
No. However, the banks will factor your income into their credit
decision as part of their debt burden calculation. The debt
burden calculation is the ratio of your income to your debts and
Your score actually calculates two different ‘ages’ for you.
First, is your calendar age, meaning how many years old you are.
Your age is not itself indicative of being a good borrower, but
rather your credit usage for someone of your age. For example,
if you’ve already been paying on your mortgage by the time you
are 30 years old, your credit behavior is very mature for your
young age. The second ‘age’ is your credit age. This is
calculated by looking at the first date you opened a credit
account such as a post-paid mobile account, credit card, or loan
in your own name. The ‘older’ your credit age, typically better
since you are showing the bank that you have a history of using
Your credit limit alone is not a factor in your score. However,
the ratio of your outstanding balance to that limit is a very
important factor. For example, if your outstanding balance is
20% of your limit rather than 80% of your credit card (or
telecom), the bank will view this as favorable. If you are
always near your limits, this could be a negative factor because
it may mean that you are over indebted.
The approval of the loan application is a decision that lies
with the lender. The lender may be a bank, a credit card
company, auto dealer or any other company that does business on
credit. They would usually take into account the individual’s
credit score, internal policy guidelines, risk appetite as well
as additional information that they may request from the
applicant. SIMAH only provides information to these Institution
about the individual and corporate’s and does not decide whether
the loan should be disbursed or not.
If you have been declined credit firstly you should find out why?
There are a number of factors that may result in an application
for credit being refused including:
Your credit history may include information such as previous
bankruptcy, defaults, serious credit infringements, high number
of credit applications and poor repayment history. By getting a
copy of your credit report you can better understand where you
stand when it comes to applying for credit. It is important to
check your credit report regularly to ensure it is accurate.
To view your latest SIMAH credit report click here:
The information is updated weekly by the members.
Your Information is updated by the Credit Institution (Banks,
Credit Card Company, etc). Please get in touch with your
creditors and ask them to update your records. When your
creditors send their weekly to SIMAH they will include your new
information and your credit report will be updated.
Alternatively please contact SIMAH
SIMAH cannot delete or change records reflecting on your Credit
Report on its own; we simply collect records of individuals
provided to us by our members (Banks and financial
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