Breakdown of the Credit
Scoring
Model
Overview
Overiew of the Model
The total credit score range is from 300 to 850 points and you can get a maximum of 850 points. The score is computed using 56 variables across 6 categories.
The 6 categories are as follows in order of priority (highest to lowest):
1
Credit Profile & Repayment History:
This constitutes 60% of your score equivalent to 510 points.
2
Dishonored Cheques:
This constitutes 15% of your score equivalent to 128 points.
3
Judgement Debt:
This constitutes 10% of your score equivalent to 84 points.
4
Socio-Economic:
This constitutes 7% of your score equivalent to 59 points.
5
Economic Assets:
This constitutes 5% of your score equivalent to 43 points.
6
Demographics:
This constitutes 3% of your score equivalent to 26 points.
Ghana-Calibrated Score Ranges
Excellent Credit: 700-850 points (Default Rate <3%)
Good Credit: 600-699 points (Default Rate 3-8%)
Fair Credit: 500-599 points (Default Rate 9-20%)
Poor Credit : 300-499 points (Default Rate >20%)
Credit Profile & Repayment History (60%)
This captures how you have managed previous credit obligations including loan repayment patterns, arrears history, and credit facility status making up 60% of your credit score which is equivalent 510 points. It is influenced by the your Bank Credit Data and when you have no Bank Credit Data, you automatically get 20% of the allocated score for Repayment History which is equivalent to 120 points.
Bank Credit Data Variables (used when Bank Credit Data exists)
| Variable | Sub-Weight | Max Points | Excellent (100%) | Good (75%) | Fair (50%) | Poor (25%) |
|---|---|---|---|---|---|---|
| Loan Amount (All Statuses) | 12% | 61 |
61 pts GHS0 - GHS5,000 |
46 pts GHS5,001 - GHS10,000 |
31 pts GHS10,001 - GHS50,000 |
15 pts GHS50,001 - GHS200,000 > GHS200,000 No data |
| Duration of Loan Term (months) (All Statuses) | 8% | 41 |
41 pts 0 day - 3 months |
31 pts 4 - 6 months |
20 pts 7 - 12 months |
10 pts > 12 months No data |
| Percentage of Credit Paid (All Statuses) | 20% | 102 |
102 pts 1(100%) 90% - 99.99% |
77 pts 75% - 89% |
51 pts 60% - 74% 45% - 59% |
26 pts 30% - 44% 15% - 29% 0% - 14% No data |
| NDIA (All Statuses) | 15% | 77 | 77 pts None/0 |
58 pts 1 to 30 days |
38 pts 31 to 60 days 61 to 90 days |
19 pts 91 to 120 days 121 to 150 days 151 to 180 days 181 days or more Deduct Overdue Loans Present No data |
| Missed but Paid Installments (All Statuses) | 12% | 61 | 61 pts None/0 |
46 pts 1 to 30 days |
31 pts 31 to 60 days 61 to 90 days |
15 pts 91 to 120 days 121 to 150 days 151 to 180 days 181 days or more No data |
| Legal Flag | 13% | 66 |
66 pts 0/No data/First Timer |
50 pts false |
33 pts Historical |
17 pts true |
| Credit Facility Status (All Statuses) | 20% | 102 |
102 pts C - Closed T - Early settlement P - Paid up but could reopen |
77 pts A - Active/Open B - Approved, not disbursed |
51 pts E - Terms extended R - Rescheduled X - Delayed Payment by CAGD |
26 pts L – Handed over/legal W – Written off G – Charge-off D – Disputed Z – Deceased N – Loan against policy 0/First Timer - No data |
Default Scoring for No Credit Profile Data
| Scenario | Description | Default Score | Justification |
|---|---|---|---|
| No Credit Data Available | First-time borrower with no credit history% |
102 Points (20% of Component 1) |
Conservative scoring for completely untested credit risk |
| Basic Documentation Only | Some financial records but no credit data% |
153 Points (30% of Component 1) |
Moderate scoring based on alternative documentation |
| Income Verified, No Credit History | Verified stable income, first-time borrower% |
255 Points (50% of Component 1) |
Higher scoring for income-verified applicants |
Dishonored Cheques (15%)
A dishonored cheque is one of the strongest warning signs in any credit report. It tells lenders that a payment you issued could not be completed often because of insufficient funds, technical errors, or verification issues hence the reason constitutes 15% of an your credit score which is equivalent to 128 points. When you are missing Dishonored Cheque data, you get a default scoring of -25%.
Dishonored Cheques Variables
| Variable | Sub-Weight | Max Points | Excellent (100%) | Good (75%) | Fair (50%) | Poor (25%) |
|---|---|---|---|---|---|---|
| Identified as Blacklisted | 30% | 38 | 38 pts No |
29 pts Previously (cleared >2 years) |
19 pts Previously (cleared <2 years) |
10 pts Yes (currently) |
| Has Dishonored Cheque | 25% | 32 | 32 pts No |
24 pts Historical only |
16 pts Yes (resolved) |
8 pts Yes (recent) |
| Date of Last Dishonored Cheque | 20% | 26 |
26 pts > 3 years or N/A |
19 pts 2–3 years ago |
13 pts 1–2 years ago |
6 pts < 1 year ago |
| Date Issued | 10% | 13 |
13 pts > 3 years or N/A |
10 pts 2–3 years ago |
6 pts 1–2 years ago |
3 pts < 1 year ago |
| Date Bounced | 10% | 13 |
13 pts > 3 years or N/A |
10 pts 2–3 years ago |
6 pts 1–2 years ago |
3 pts < 1 year ago |
| Reason Returned | 4% | 5 |
5 pts N/A (No bounces) |
4 pts Technical error |
3 pts 12 — Fraud |
1 pt 11 — Insufficient Funds |
| Cheque Amount (CATEGORIZED) | 1% | 1 |
1 pt GHS0–5,000 N/A |
1 pt GHS5,001–50,000 |
1 pt GHS50,001–500,000 |
0 pts GHS500,001–5,000,000 GHS5,000,001+ |
Other key metrics to note in the dishonored cheques score computation:
- You score 8 points for unknown Dishonored Cheque verification.
- You score score 6 points each for missing date fields (Last Issued and Bounced)
- You score 10 points for unknown Blacklisted Status
- You score 1 points for unknown Case Type.
- You score 1 point for unknown Reason Returned.
- You score 0 points for unknown Cheque Amount.
Judgment Debt (10%)
Court judgments reflect serious defaults and form 10% of your score equivalent to 84 points. Clearing them early shows accountability and restores lender confidence in your credit profile.
Judgement Debt Variables
| Variable | Sub-Weight | Max Points | Excellent (100%) | Good (75%) | Fair (50%) | Poor (25%) |
|---|---|---|---|---|---|---|
| Has Judgement Debt | 30% | 24 | 24 pts No |
18 pts Historical (>5 years) |
12 pts Historical (2–5 years) |
6 pts Yes (active/recent) |
| Date of Last Judgement Debt | 20% | 17 |
17 pts >5 years or N/A |
13 pts 3–5 years ago |
9 pts 1–3 years ago |
4 pts <1 year ago |
| Date of Last Dishonored Cheque | 20% | 26 |
26 pts >3 years or N/A |
19 pts 2–3 years ago |
13 pts 1–2 years ago |
6 pts <1 year ago |
| Case Type | 15% | 13 | 13 pts N/A |
10 pts A - Admin Order C - Court Order |
6 pts J - Judgment Default M - Judicial Management |
3 pts S - Sequestration L - Liquidation |
| Court Type | 15% | 13 | 13 pts N/A |
10 pts Regional |
6 pts High Court |
3 pts Superior Courts |
| Filing Date | 15% | 13 |
13 pts >5 years or N/A |
10 pts 3–5 years ago |
6 pts 1–3 years ago |
3 pts <1 year ago |
| Case Reason | 4% | 3 | 3 pts N/A |
2 pts O - Other |
2 pts R - Debt Recovery |
1 pt F - Fraud |
| Judgement Debt Amount (CATEGORIZED) | 1% | 1 |
1 pt GHS0–150,000 N/A |
1 pt GHS150,001–300,000 |
1 pt GHS300,001–450,000 |
0 pts GHS450,001–600,000 GHS600,001+ |
Other key metrics to note in the Judgement debt score computation:
- You score 6 points for unknown Judgement Debt verification.
- You score 3-4 points each for Last Debt and Filing Date if those dates are missing or unknown.
- You score 3 points for unknown Court Type.
- You score 3 points for unknown Case Type.
- You score 1 point for unknown Case Reason.
- You score 0 points for unknown Amount.
Socio-Economic Factors (7%)
Your income, job type, and living conditions make up 7% of your score which is equivalent to 59 points. Your financial story is not just about payments, it is also about how stable your lifestyle is.
Socio-Economic Variables
| Variable | Sub-Weight | Max Points | Excellent (100%) | Good (75%) | Fair (50%) | Poor (25%) |
|---|---|---|---|---|---|---|
| Range of Monthly Income | 8% | 4 |
4 pts More than GHS20,000 |
3 pts More than GHS5,000 |
2 pts Less than GHS2,500 |
1 pt No regular income |
| Residential Region | 8% | 4 |
4 pts Greater Accra, Ashanti |
3 pts Eastern, Western, Central |
2 pts Volta, Bono, Bono East, Ahafo, Western North |
1 pt Northern, Oti, Savannah, North East, Upper East, Upper West |
| Guaranteed Monthly Salary | 6% | 3 |
3 pts Always/Most Likely |
2 pts Somewhat So |
2 pts Not Always |
1 pt No Data |
| Employee Type | 6% | 4 |
4 pts Salaried Individual |
3 pts Self Employed / Pensioner |
2 pts Student / Home Maker |
1 pt No Data |
| Owner or Tenant | 6% | 4 | 4 pts Owner |
3 pts Family Owned |
2 pts Tenant |
1 pt No Data |
| Neighbourhood Nature of Roads | 5% | 3 | 3 pts Asphalted |
2 pts Partially tarred |
2 pts Untarred |
1 pt No Data |
| Neighbourhood Running Water | 5% | 3 |
3 pts Very Available |
2 pts Partially available |
2 pts Not available |
1 pt No Data |
| Neighbourhood Hospital | 5% | 3 | 3 pts Within 5km |
2 pts Within 10km |
2 pts 15km and above |
1 pt No Data |
| Occupation Formal Education Required | 5% | 3 |
3 pts Always/Most Likely |
2 pts Somewhat So |
2 pts Not Always |
1 pt No Data |
| Occupation Advanced Experience Required | 5% | 3 |
3 pts Always/Most Likely |
2 pts Somewhat So |
2 pts Not Always |
1 pt No Data |
| Self-Employed | 5% | 3 | 3 pts Not Likely |
2 pts Partially So |
2 pts Very Likely |
1 pt No Data |
| Social Security Contributions | 5% | 3 |
3 pts Always/Most Likely |
2 pts Somewhat So |
2 pts Not Always |
1 pt No Data |
| Has Active NHIS | 5% | 3 | 3 pts Yes |
2 pts Previously active |
2 pts Expired |
1 pt No Data |
| Avg. Utility Consumption | 5% | 3 |
3 pts High consumption |
2 pts Medium consumption |
2 pts Low consumption |
1 pt Very low / No consumption |
| Utility Risk Profile Status | 5% | 3 | 3 pts No risk |
2 pts Low risk |
2 pts Medium risk |
1 pt High risk / Null |
| Neighbourhood Streetlights | 4% | 2 |
2 pts Very Available |
2 pts Partially available |
1 pt Not available |
1 pt No Data |
| Neighbourhood Police Station | 4% | 2 | 2 pts Within 5km |
2 pts More than 10km away |
1 pt More than 20km away |
1 pt No Data |
| Neighbourhood Waste Collection | 4% | 2 |
2 pts Pickup from homes |
2 pts Combination pickup/dumping |
1 pt Dumping site only |
1 pt No Data |
| Neighbourhood Fire Station | 4% | 2 |
2 pts Within 10km |
2 pts Within 20km |
1 pt Within 30km+ |
1 pt No Data |
| Joint or Sole Account | 4% | 4 | 2 pts Sole |
2 pts Joint |
1 pt Shared responsibility |
1 pt No Data |
Economic Assets(5%)
This helps measures liquidity and financial strength, contributing 5% equivalent to 43 points of your overall score. A healthy bank balance gives the assurance of your ability to meet future commitments and also sustain financial shocks.
Economic Variables
| Variable | Sub-Weight | Max Points | Excellent (100%) | Good (75%) | Fair (50%) | Poor (25%) |
|---|---|---|---|---|---|---|
| Total Bank Balance | 100% | 43 |
43 pts Above GHS200,000 |
32 pts GHS50,001-200,000 |
22 pts GHS10,001-50,000 |
11 pts GHS0-10,000 Missing/Invalid Data |
When bank balance data is missing, invalid, or empty, you get 11
points (25% of variable total) representing unknown financial
capacity requiring verification.
Demographics (3%)
Basic details like your age, nationality, and marital status account for 3% of your score equivalent to 26 points. They don’t measure financial performance but confirm your identity and stability. Verified personal data adds transparency and helps lenders make confident, responsible lending decisions. When you are missing Demographic data, you get a default scoring of -25%.
Demographic Variables
| Variable | Sub-Weight | Max Points | Excellent (100%) | Good (75%) | Fair (50%) | Poor (25%) |
|---|---|---|---|---|---|---|
| Age | 30% | 8 |
8 pts 33–47 (Prime working age) |
6 pts 28–32, 48–52 |
4 pts 23–27, 53–62 |
2 pts 18–22, 63+ Unverified |
| Nationality | 25% | 6 | 6 pts Ghanaian |
5 pts Other verified |
3 pts Documented non‑citizen |
2 pts Undocumented Missing Documentation |
| Marital Status | 20% | 5 | 5 pts Married |
4 pts Single |
3 pts Divorced/Widowed |
1 pts Separated/Unknown Missing Data |
| Family Size | 15% | 4 |
4 pts 2–3 persons |
3 pts 1 or 4 persons |
2 pts 5+ persons |
1 pts Undefined Missing Data |
| Gender | 10% | 3 |
3 pts Male/Female |
2 pts Other genders |
1 pts Unknown |
1 pts Not specified Missing Data |
Other key metrics to note in the Demographic score computation:
- You score 1 point for unknown Marital Status
- You score 2 points for unknown Age
- You score 1 point for unknown Gender
- You score 2 points for not having documentation for your Nationality
- You score 1 point for unknown Family Size.
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