Our CEO talking about how important credit ranking is and how to improve it.

1. A word from our CEO
Mr. Damilola Raymond Adeniyi

2. GOOD CREDIT
RATING
A NECESSARY TOOLS FOR ENTERPRENEURAL
SURVIVAL IN A DEVELOPED COUNTRY

3. • WHAT IS CREDIT RATING?
• WHY CREDIT RATING?
• TYPES OF CREDIT RATING
AGENCY
• WHO CAN ACCESS CREDIT?
Image courtesy of Stuart Miles at FreeDigitalPhotos.net

4. Credit rating is…
An estimate of the ability of a person or
organization to fulfil their financial
commitments, based on previous dealings.

5. FACTORS AFFECTING CREDIT
RATING
• Years of residency
• Number of Credit accounts
• Defaulting Payments
Image courtesy of Stuart Miles at FreeDigitalPhotos.net

6. 5 Biggest factors
1. Payment History - 35%
2. Amounts Owed - 30%
3. Length of Credit History - 15%
4. New Credit - 10%
5. Types of Credit in Use - 10%
Image courtesy of Stuart Miles at FreeDigitalPhotos.net

7. The Bottom Line
• HOW MUCH DO YOU OWE ?
• TOTAL AVAILABLE CREDIT
• SPECIFIC TYPE OF ACCOUNT
• ORIGINAL AMOUNT ON INSTALMENT ACCOUNTS

8. WHILE YOUR CREDIT SCORE IS
EXTREMELY IMPORTANT IN GETTING
APPROVED FOR LOANS AND GETTING THE
BEST INTEREST RATES AVAILABLE, YOU
DON’T NEED TO OBSESS OVER THE
SCORING GUIDELINE TO HAVE THE KIND
OF SCORE THAT LENDERS WANT TO SEE.

9. Questions?

10. Thank you
www.profad.org info@profad.org
0207 639 0839 @ProfadQuality