Your credit score is an estimate of your ability to fulfill financial commitments. In 2010, the government of Jamaica passed the Credit Reporting Act which permits financial institutions to request a report on individuals requiring a loan. Since then, an increasing number of companies are requesting credit reports to determine if a potential client is a viable business prospect.
Saving for retirement “is not about an age,” if you ask Sharon Smith, senior manager, Jamaica National Building Society (JNBS). It’s simply about the income you’ll have after you stop earning.