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MarKeeping track of your credit score is critical to maintaining a favorable credit score. In Nigeria, you must contact a credit bureau such as Firstcentral Credit Bureau, where you will fill out a credit score checker form and your credit score will be sent to you in a short time. Things You Should Note A credit score is important in determining whether or not a lender will grant credit. Many banks and financial organizations use the FICO rating system. Repayment history, loan kinds, credit history duration, and an individual’s total debt are all factors in credit score. Credit usage, […]
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DecIf 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[…]
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OctThe items mentioned below are key to determining how well your credit score would be. Pay attention to them and you may just have a better credit score over time. Payment History Amounts Owed Credit History Duration New Credit Payment History The most essential factor in determining your credit scores is your payment history, as it shows on your credit report. Within this category, the scoring models take into account: Timeliness Of Payments: A track record of paying your bills on time is beneficial to your credit score. Late payments: Payments that are more than 30 days late will usually[…]