Credit bureaus are institutions that gather information on a borrower’s credit profile from multiple sources and aggregate them for consumption upon request to lenders or authorized users. Responsibilities Of Credit Bureaus In Nigeria 1. Implementation of strict quality measures aimed… Read More ›
A credit bureau is basically like a data hub that gathers, evaluates, and manages credit information about people and businesses The overall functions of credit bureaus in Nigeria include; a) Data collection: Credit bureaus obtain data concerning credit profiles of… Read More ›
A borrower’s creditworthiness to a financial lending institution is portrayed numerically via a 3-digit score range of between 300-850. Benefits Of Credit Scores In Nigeria Credit scores in Nigeria hold beneficial values in the financial sector by enabling both borrowers… Read More ›
A credit score is a quantitative estimate of your creditworthiness based on your payback history, which influences your credit history. Credit scores in Nigeria generally range from between 300-850 whereby the highest credit score denotes lower default risk. Importance Of… Read More ›
