For any individual or business entity interested in accessing credit, few words are as important as these two: “Credit Score.” Having a good credit score is vital for qualifying for finance from reputable lending institutions. The reality…
As you start transacting with various banks, retailers and other financial institutions like lenders, you start building a financial history. Your credit history will be determined by the amount of…
Credit ratings are compiled by credit agencies as a way of providing data about how well a company or individual have handled their credit agreements. These ratings are based on…
767- 999 Excellent Low Risk High probability of collection 681- 766 Good Medium Risk Average probability of collection 614- 680 Favourable Potential High Risk Low probability of collection 583-613…
Creditworthiness assessment is vital for lending institutions. It provides an indicator of how well borrowers have handled their credit agreements. They can use this information to gauge the level of…