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Understanding your Credit Scores

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.

Be Smart with your money

A deposit is a main factor in the process of home ownership. It reflects your seriousness and ability to start your journey of acquiring a home. A deposit can range between 10 and 15 percent, which is usually provided to the vendor to temporarily secure the unit.
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