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Mastering your credit score, key to negotiating better loan rates

In this year’s Customer Service Week celebration, we have a specific focus in mind, given the evolving landscape of the Credit industry.

As Kenyans find themselves in an environment driven by risk assessment, it’s important to take note of recent developments.

The Central Bank of Kenya (CBK) approved pricing formulas for several banks, which means that they are now determining interest rates based on a customer’s credit score.

“In this risk-based pricing environment, it’s crucial for customers to be aware of their credit scores. Knowing your credit score empowers you to engage in negotiations with lenders, ensuring that you can maximize the value of your credit score. With a good score, you can shop around and secure the best interest rates available in the market.”

This is a significant shift in our industry, and we want to ensure that all of you are well-informed and prepared to make the most of this new system. Super September provides us with the perfect platform to educate and assist you in navigating these changes effectively.

We appreciate your continued support and trust in our services. Together, we can embrace this new era of risk-based pricing and make informed financial decisions that benefit us all. Thank you for being a part of Super September 2023.

Monitor Your Business Transaction

Lawrence Baraza

Lawrence Baraza is a dynamic journalist currently overseeing content at Metropol TV Digital. With a keen focus on business news and analytics, Lawrence guides the platform in delivering insightful, data-driven content that empowers its audience to make informed decisions. Lawrence’s commitment to quality and his ability to anticipate market trends make him a key figure in the digital media landscape. His work continues to shape the way business news is consumed, making a significant impact in the field.

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