PEOPLE URGED TO TO BE CHECKING THEIR CREDIT REPORTS

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PEOPLE URGED TO TO BE CHECKING THEIR CREDIT REPORTS

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The first ever credit bureau in Zambia is creating a positive impact on institutions and individual by enabling them to know and understand their credit profiles.

 

A Credit Bureau is also known as a credit agency is a commercial organization that makes money by supplying information about the credit history and financial strength of businesses and individuals, normally to credit card companies, banks and other financial lenders.

 

Trans-union Africa region-Zambia chief executive officer mildred Stephenson has encouraged people to know their credit status before engaging lenders in order to increase approval chances.

 

In an interview with 5fm news, Stephenson explains that people need to navigate their way to a good credit status before applying for a loan.

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