Campaigns targeted to the general public should, therefore: i. Explain the role and nature of credit information sharing to mitigate general concerns about sharing of personal information. ii. Inform about the function of a CIC and its obligations for respecting the privacy of consumer data. iii.
Discuss the measures that a CIC would take to ensure the security of consumer data and the way mistakes can be corrected. Fifth, as the principle of a successful credit sharing regime is based on reciprocity, it is important for credit institutions who are the primary providers of data to the CICs to use the data, in turn, for taking decisions on loan applications.