It is a big reprieve for Kenyans blacklisted by the Credit Reference Bureau, CRB, for defaulting on payment of ‘petty’ loans. This is after the Central Bank of Kenya, CBK, released new CRB guidelines. Under the new blacklisting regime, one will only be blacklisted for any defaulted amounts of over Sh1,000. “A minimum threshold of … Read more
Some times you may be frustrated when seeking for services only to find that you have been blocked due to listing with the Credit Reference Bureau, CRB. Listing with CRB is due to defaulted loan facilities that you may have taken with a financial institution. The listing with CRB should not worry you as it … Read more
The Higher Education Loans Board, HELB, has given defaulters a period of 30 days to clear their outstanding loan balances. The Loans agency has threatened to publish names and photographs of all defaulters. HELB will at the same time take legal action against the defaulters. Here is the notice from HELB; NOTICE: PUBLISHING NAMES AND … Read more