Introducing FirstCentral F-ALERT

Introducing the FirstCentral F-ALERT SMS/ EMAIL system. Get access to information on customer’s loan scoring and reports via SMS with analysis of the impact of non-repayments straight through your gadgets. F-ALERT aims to convince customers to pay up outstanding sums and improve their credit score.This medium reaches the customer directly, and educates them on the impact of late/non-repayment of their loans hence improving repayment without breaching the privacy law



Free Credit Score Check

Keeping 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,[…]



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[…]