Watchlist: checking the buyer
Check a person against the shared register of defaulters — before you hand over the goods and the money.
The watchlist is a shared register kept by companies in the instalment market. The salesperson types in the full name and date of birth and, before making the deal, sees whether this person owes somebody else.
A namesake match is settled with a “checked — not this person” mark: it stays in the card, and next time the warning does not pop up again. The check screen also shows possible relatives: who in the register might be the buyer’s brother, father or son. That is most useful where the buyer himself is clean while three of his possible brothers are blacklisted; kinship is not a verdict but a reason to ask.
Your own debtor who has stopped paying can be reported to the register — just as others did for you, and together with the guarantors on the deal. Reporting needs the person’s consent, and Qadam prints it as a sheet of its own rather than a paragraph in the contract: otherwise the consent does not work. The sheet lists what is being shared, names the recipient and the address of the resource, and sets out the right to withdraw the consent.
The check is in the base plan. This is where a mistake costs the most: learning about a problem buyer after the goods are handed over means the money is already lost.
What exactly it does
- A check by full name and date of birth before the deal
- A “namesake” mark — the warning is not repeated
- The buyer’s possible relatives in the register
- Report your own debtor to the shared register — with the guarantors
- Consent to sharing the data as a separate sheet, with the right to withdraw it
- The check is built into making a deal and into a point-of-sale application
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