10

Dec

Factors Affecting FICO Credit Scores and Their Percentages

FICO Credit Score is the most used in calculating of credit scores of individuals, here is some of the factors that determine your credit score by their percentage. Payment history (35%) Your track record of making (at the very least) minimal payment by the due date. Amounts owed (30%) How much of your borrowing capacity is actually being utilized. Divide total debt by total credit limits to arrive at this figure. Length of credit history (15%) Your active credit lines’ average age. Longer credit histories tend to demonstrate responsibility. Credit Mix (10%) The various sorts of active credit lines that […]

03

Dec

Disputing Your Credit Score 

If you notice anything wrong or off the usual while checking your credit history or credit score, you can dispute this by following the appropriate channel. Filing a dispute has no effect on your credit score; however, if the information on your credit report changes after your dispute is resolved, your credit score may be altered. What you are disputing and the conclusion of the debate determine how it changes—whether it goes up, down, or stays the same. Late payments, for example, have a negative impact on credit scores; but, if a late payment was incorrectly reported on your credit[…]

16

Nov

Nigeria will benefit from Afreximbank’s $40 billion pledge for intra-African commerce

Over the next five years, the African Export-Import Bank (Afreximbank) plans to disburse $40 billion to stimulate intra-African commerce. Nigeria is anticipated to profit from the money because it has expressed an interest in contributing to intra-African trade prospects. Afreximbank President Benedict Oramah announced this on Monday during the opening session of the 2021 Intra-African Trade Fair (IATF) in Durban, South Africa. He stated that the bank is committed to supporting Africa’s drive to create institutions as well as the implementation of the African Continental Free Trade Agreement (ACFTA). AfCFTA is a trade agreement between African Union member states that[…]