What you need to know
Do You Know Your Credit Score?
Financial institutions and other credit facilitating enterprises have access to the credit information of over 400,000 of their customers. These banks, credit unions, building societies, micro-financing companies, and even the Student Loan Bureau invariably check your borrowing history every time you consult them for a loan, line of credit, mortgage, or credit card. Now, an unflattering report may disqualify you from receiving the loan or the financing you need. Soon, however, the credit report that is collected on you may affect your access to "hire purchase" contracts; prevent you from securing post-paid telephone, water and electricity services; and even affect…