Different countries have different scoring systems for credit, but in Namibia, a good credit score is anywhere from 700 to 900. If you’re looking to start a small business or invest in Namibia, it’s important to know where you stand credit-wise. This blog post will help you understand Namibia’s credit scoring system and what a good credit score looks like.

Namibia’s credit scoring system is based on your payment history, credit utilization, credit mix, and length of credit history. payment history is the most important factor, making up 35% of your score. This means that if you have a long history of making on-time payments, you’re likely to have a good credit score. credit utilization, or the amount of credit you use compared to your credit limit, makes up 30% of your score. A good credit score means using less than 30% of your credit limit.

Factors that affect credit score

length of credit history and credit mix are also important factors in your credit score. length of credit history makes up 15% of your score, so a long history of on-time payments will help boost your score.

Credit mix is the different types of credit you have, such as revolving credit, instalment loans, and so on. This makes up 10% of your score.

Generally speaking, a good credit score in Namibia is anywhere from 700 to 900. This is based on the fact that most lenders use a scoring system of 300 to 850. If you have a score of 700 or above, you’re likely to get approved for loans and credit cards. If your score is below 700, you may still be able to receive loans.