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Credit Bureau benefits from more information providers

CRIF NM Assure, one of  two credit bureaus operating in Jamaica, disclosed on Thursday that it now has 30 credit information providers, feeding it information to create credit reports on Jamaicans.   

CRIF NM, which started operating in May,  revealed that its information providers include the major banks in the country.

The company is predicting that its service will move Jamaica from the era of loans being disbursed, based on who you know, to one where your credit score determines loan disbursement.

The credit reporting system is also expected to assist in bringing thousands more people into the formal banking system.

 



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