Credit Bureau Releases Risk Calculator For Firms

CRC Credit Bureau Limited has launched its CRC Risk Calculator, aimed at empowering businesses to make better financial decisions.

A statement by Dr Tunde Popoola, the Group Managing Director/Chief Executive Officer of CRC Credit Bureau Limited said: “CRC Risk Calculator accurately predicts how risky a customer is with respect to approving credit requests. The algorithm uses a risk scale to classify loan applicants using over two years of historical credit data."

The statement further explained that the CRC Risk Calculator evaluates multiple factors, including the number of performing and non-performing loans of the borrower, current loan balance, overdue amounts on the borrower’s credit profile, credit score, among others.

 “The launch of CRC Risk Calculator is a significant milestone for us. We believe that access to accurate and reliable information is critical for making informed financial decisions.

“The Risk Calculator is designed to provide lenders with a clear understanding of the riskiness of borrowers, which is crucial for granting credit facilities, and other financial services.

“We believe that the CRC Risk Calculator will be a game-changer for businesses looking to make better financial decisions."