A strong credit score in Zimbabwe can help you qualify for better interest rates and more favorable loan terms.
What Is a Credit Score?
Your credit score is a number that reflects your ability to repay loans. It’s based on your borrowing history, repayments, and debt levels.
Ways to Improve Your Score:
Pay Bills on Time: Late payments hurt your score. Set reminders or use auto-pay features.
Limit Borrowing: Don’t max out credit limits or apply for too many loans at once.
Check Your Credit Report: Get your report from the Zimbabwean Credit Registry and dispute any errors.
Maintain a Mix of Credit: Having both secured and unsecured credit can help.
Why It Matters:
Lenders use your score to decide if you qualify for a loan and at what rate. A higher score can save you money and increase approval chances.
