Creditadvice Credit Score
Creditadvice Credit Score, both for individuals and corporate entities is one of the most important measurements of financial trustworthiness available.
What is the Creditadvice Credit Score?
The Creditadvice Credit Score is a 3-digit number that predicts the likelihood that credit repayments are made on time. The number ranges from 250 to 900 where the higher the score the lower the risk of not meeting your financial commitments.
The Creditadvice Credit Score is dynamic and changes according to credit and financial behaviour. It is made up of information on the payment performance of credit commitments from financial institutions in Barbados.
Missing or delaying a credit repayment beyond the due date; frequently utilising all your credit limits or taking on additional credit may lower your credit score. Equally reducing the number of credit cards, consistently reducing outstanding balances and making payments on or before the due date will likely improve the credit score.
The Creditadvice Credit Score is a vital part of measuring financial health.