CST Jordan was established in 2007, with the aim of providing credit reinsurance support, coupled with professional expertise in the management of such credit granted by banks and financial organizations. CST also manages all kind of consumer loans, beginning with selection and ending with bad debts recoveries.
Credit insurance, allows a true and real “TRANSFER OF RISK” allowing the bank to rest safe in case of payment default. Hence the effective risk is in fact borne by the insurance company. CST acts as a perfect go-between between the bank, the insurance company, the participating merchants and finally the consumer or end-user.
CST acts as the back-office for parties involved in such financing schemes: The bank, the insurance company, the trader, etc… Within our system, the credit operation is followed since the time the credit application is filled by the consumer and up to the time when the latter has totally reimbursed his loan.
CST makes the necessary inquires and evaluates the credit risk (credit scoring), it also takes in charge the daily follow-up of payment delays, and eventually the claim process and recovery in case of payment default.
Full credit management third party administrator functions
Debts monitoring and follow-up
Monthly promissory notes collection
Bad debts recoveries
Full range of statistics
Credit insurance loss adjusters
List of Insurance Companies using CST services in Jordan
Delta Insurance Company
The Arab Assurers
List of banks
Egypt Arab Land Bank
BLOM Bank Jordan
Capital Bank Jordan
SGBJ (Societe Generale de Banque Jordanie)
List of major customers
Credit Card Services Company Jordan (Master card and Visa)
Object: Credit insurance administration and bad debts collection
Legal Status: Limited
Address: 1st floor - Building # 32 - Queen Rania Al Abdallah STR. Sport City - Amman Al Madina Al Riadyah – Amman