6 TIPS TO USE CREDIT RESPONSIBLY

Written by CreditRegistry

How is My CreditRegistry SMARTScore (Credit Score) Calculated?

Written by CreditRegistry

The 5 C's of Credit (What You Should Know Before Applying for Credit).

Written by CreditRegistry

What is a credit score and why is it important?

Written by CreditRegistry

How your account status is classified in your credit report.

Written by CreditRegistry

The 5 C's of Credit (What You Should Know Before Applying for Credit).

By CreditRegistry

Lenders attempt to mitigate the risk of lending to borrowers by performing credit analysis on customers when applying for a new credit account or loan. This analysis is based on the 5 Cs of Credit as follows: 1. Capacity Lenders must be sure that the borrower has the ability to repay the loan based on […]

What is a credit score and why is it important?

By CreditRegistry

A credit score plays a key role in a lender's decision to offer credit. Factors considered in credit scoring include repayment history, types of loans, length of credit history, and an individual's total debt. A credit score is a risk assessment tool used by lenders to determine an individual's creditworthiness. It is statistically developed and summarises all of the information relating […]

6 TIPS TO USE CREDIT RESPONSIBLY

By CreditRegistry

Having credit extended to you is not only a powerful spending tool, but it's become a necessity in today's world. Unfortunately, many people struggle to control their use of credit and get overwhelmed by piles of bills. What does it mean to be responsible with credit, and how can you use credit responsibly?

How is My CreditRegistry SMARTScore (Credit Score) Calculated?

By CreditRegistry

Credit scoring is an emerging means of decision-making in Nigeria. In recent times, personal finance has gained more attention and is a major highlight for many persons. Because these scores are so important to people's financial lives, it is only natural to be curious about how credit scores are calculated. Ready to find out how?

What You Should Know About the Launch of CBDC in Nigeria

By CreditRegistry

A central bank digital currency, or CBDC, creates another form of money. In its strictest form, a CBDC is a digital payment instrument, which is denominated in the national unit of account, or currency, which is also a direct liability of the central bank.

What Is a Credit Report and Why Is It Important?

What comes to your mind when you hear the term “credit report”? Does it make you think of a statement that shows your credit history? If so, then you’re on the right track! A credit report is a detailed summary of your credit history and current credit situation. It is a detailed breakdown of your […]

5 Reasons to Take a Business Loan in Nigeria

Just before we get into the reasons why you might want to take advantage of business loans in Nigeria, we’d like to assure you that taking out a loan, either for personal or business purposes, is perfectly fine. Because, if the uptick in Nigeria’s Private Sector Credit in 2021, according to data from the CBN, […]

10 Effective Strategies To Get Paid on Time, Every Time

By CreditRegistry

There are many strategies to reduce and or limit outstanding account receivables. Along with ensuring you develop a good working relationship with your clients and keep up to date (and accurate) records, here are some more effective tips to help you get paid on time: 1) Incentivise your customers to pay early by offering a small […]

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