Discriminant Analysis In Loan Granting - A Case Study of KCB Kisumu

A credit score is a statistical method that helps the banks to determine the likelihood of an individual paying back or not the money he or she has borrowed. People have become increasingly dependent on credit. When you use credit you are borrowing money that you promise to pay back within a specified period of time. Here we explored what a credit score is how it is determined why it is important and finally some tips to acquire and maintain good credit. this may decrease bad debts and help to set risk based credit pricing for the clients and make credit granting faster and more accurate.