💼CRB Myths in Kenya: What Every Borrower Needs to Know!
Last time tulishare what we know about CRB.
Asante @vanessa Akoth @Joshua Wanyonyi @Mishel Elinati @LUCAS MWEU @Ken Asher kwa kushare what they know about CRB.
Leo, nitakuwa nikibust myths about CRB in Kenya.
💼CRB Myths in Kenya: What Every Borrower Needs to Know!
Uko listed on CRB? Don’t panic! Listing doesn’t always mean you’re "blacklisted."
Both positive and negative credit behavior is tracked.
Let’s clear up some common CRB myths👇
#CRBKenya #FinancialHealth
Myth: Only defaulters are listed on CRB.
✅ Fact: CRBs list everyone with credit history—both good and bad. A positive listing can boost your credit score and future borrowing!
🚨 Myth: You can't get a loan if you're listed on CRB.
✅ Fact: What matters is your credit score. Positive listings improve your chances, even if you’ve had a negative listing before. Keep paying on time!
🏦 Myth: Mobile loans won’t affect your CRB status.
✅ Fact: Mobile lenders like M-Shwari & Tala report to CRB. Defaulting on even small amounts can harm your credit score!
📋Myth: Clearing debt instantly removes you from CRB.
✅ Fact While clearing debt improves your status, the record stays on your report for up to 5 years. It pays to repay on time!
Want more facts and tips on managing your credit?
Read the full blog to stay informed and protect your financial future 💡👇
[ https://www.financialbuddyb... ]
#FinanceTips #CRBKenya #SmartBorrowing
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