BigData Analytics Zambia

BigData Analytics Zambia is both MONEY LENDER and CREDIT PROVIDER with a view of helping Entrepreneurs and Consumers build solid credit history to multiple lenders. We report Credit to Credit Reference Bureau (CRB) t/a Transunion in Zambia. We also issue Secured Credit Cards in partnership with Commercial Banks for quicker way of helping Entrepreneurs and Consumers build solid Credit History. In other words we provide "Reputational Data" to Financial Providers such as Commercial Banks, Micro-Lenders, Chain Stores, Product and Service Retailers on behalf of Entrepreneurs and Individual Consumers.

Credit is when Entrepreneurs and Consumers obtains an Asset or Service from the lender on agreement that he or she will pay as agreed upon. That payment made periodically to the borrower is what we call Credit and we report it to CRB t/a Transunion in Zambia. In turn CRB t/a Transunion in Zambia records this payment periodically and calculates the SCORE. The SCORE is an International standard SCORE accepted by all lenders in Zambia.

Reputational Data is Data about paying history, we collect from our clients (Entrepreneurs and Consumers) and in turn we submit it to Financial Providers with the view that they are given loans, credit, products and services as required immediately or near future.

Credit History is when Entreprenuers and Consumers have been making periodic payments to the lender for a period of time such as six months or more and that he or she wants other lenders/others to look at his or her paying habits in that same period in consideration of new Credit.

Yes. BigData Analytics Zambia does provide Secured/Unsecured Credit. BigData Analytics Zambia also does provide Secured Credit Cards ( VISA or Mastercard, American Express & Discover branded Cards) issued by our partner Commercial Banks. 

BigData Analytics Zambia does provide Unsecured Credit or Loans after our clients have successfully undergone a one year Secured Credit/Loans Program.

1. Reflects Positively

Good credit history that appears on the credit report leaves you feeling good and positive. It shows the maturity with which you are able to maintain your finances and boosts your morale.

• Buy a home. When you apply for a home loan, the bank will check your credit report and credit score. If you have decent credit and enough income, you will likely get the loan. But the advantage of having good credit lies in the interest rate you will be able to get. With good credit, you will have a much wider range of available mortgage offers, and banks will be more likely to offer you a low rate if your credit score is good (over 700). Just one or two percentage points in interest can save you tens of thousands of Kwachas over the life of the loan.
• Rent a flat or house. When you apply to rent a flat or home, the landlord will do a credit check. This helps the landlord determine how likely you are to pay your rent on time—based on how well you take care of the rest of your financial life. If you have good credit, you will be more likely to qualify for the flat or home you really want.
• Get a job. It might seem odd to think that your credit could affect your ability to get a job, but the truth is that more and more employers take your credit into account when deciding whether to hire you. People with good credit tend to be more trustworthy and responsible—and these are qualities employers want. So having good credit can really help you get a better job.
• Finance a car. When you apply for an auto loan, whether it’s through a bank or dealer financing, the lender will check your credit report and credit score. If you have good credit, you will be able to negotiate for a lower interest rate. Even one or two percentage points on an auto loan can mean a difference of thousands of Kwachas.
• Have Smartphone or home utility accounts. With good credit, other companies (not just lenders) are likely to provide services to you right away regardless how expensive services are or name  brand products such as iPhones and others.  If your credit is bad, you could find yourself having trouble getting an expensive smartphone and service.
• Make major purchases such as appliances or furniture.With good credit, you can easily qualify for better credit cards and/or lines of credit that will enable to you to make major purchases and pay them back over time.
• Borrow money. Lenders will look at your credit report before they decide whether to loan you money. If you have good credit, you are more likely to not only to get the loan you need, but also to get a better (lower) interest rate and terms.
• Obtain a unsecured credit card. Credit card companies determine whether you qualify for the card you want by looking at your credit history. Having good credit will enable you to have a credit card with a lower interest rate and more benefits—such as rewards, cash back, and cash advances.