How to Check Your Credit Score in Nigeria

How to Check Your Credit Score in Nigeria

How to Check Your Credit Score in Nigeria

Are you looking to check your credit score? In this guide, I’ll walk you through the steps to check your credit score in Nigeria, ensuring you have all the necessary information to make informed financial decisions.

What is a Credit Score, and Why is it Important?

Your credit score is a numerical representation of your creditworthiness. This means it shows how likely you are to repay borrowed money.

In Nigeria, credit scores typically range from 300 to 850, with higher scores reflecting better creditworthiness. Lenders, such as banks and other financial institutions, use your credit score to evaluate your credit risk when you apply for loans, credit cards, or other forms of credit.

Below are creditworthiness scales.

  • 720 and above: (Excellent credit)
  • 690-719: (Good credit)
  • 630-689: (Fair credit)
  • 300-629: (Bad credit)

It’s important because maintaining a good credit score can increase your chances of credit approval and may lead to better terms and lower interest rates on loans.

How Does Your Credit Score Impact Your Financial Life?

Your credit score plays a significant role in various aspects of your financial life, including:

1. Loan Approval: Lenders often use your credit score to assess the risk of lending you money. A higher credit score can increase your chances of loan approval, while a lower score may result in rejection or less favourable terms.

2. Interest Rates: A good credit score can qualify you for lower interest rates on loans and credit cards, saving you money on interest payments over time.

3. Credit Card Applications: Credit card issuers consider your credit score when reviewing your application. A higher score may lead to approval for premium credit cards with better rewards and benefits.

How Do You Check Your Credit Score in Nigeria?

1. Download Your Credit Report

Start by obtaining a copy of your credit report from one of the licensed credit bureaus in Nigeria, such as CreditRegistry or  Nigeria’s first independent licensed credit bureau. You are entitled to one free credit report per year.

2. Provide Necessary Information

When requesting your credit report, you must provide personal information, including.

  • Full name: [Your Full Name]
  • Date of birth: [Your Date of Birth]
  • Address: [Your Address]
  • A valid form of identification:
    • National Identification Number (NIN)
    • Bank Verification Number (BVN)

3. Review Your Credit Report

Once you receive your credit report, carefully review it for accuracy and completeness. Check for errors, inaccuracies, or fraudulent activities that may affect your credit score.

How to Check Your Credit Score with Credit Registry

The primary function of CreditRegistry is to collect, maintain, and provide credit information to lenders and individuals.

Nigerian citizens have the right to obtain one complimentary credit report annually from any registered Nigerian credit bureau. To acquire a free credit report in Nigeria, you can utilize the following sources:

Dial the USSD code *565*8# on your mobile device to instantly receive credit reports from CRC Credit Bureau. Please note that this service is currently accessible exclusively to MTN network subscribers. Explore the ALAT USSD Code and learn how to utilize it. Obtain a free credit report from Nigeria’s pioneering independent licensed credit bureau. You are entitled to receive one complimentary report per month.

You can check your credit score with CreditRegistry in Nigeria using these steps:

1. Go to their website


2. Find the “Get Free Instant Access” section

3. Provide your details

Enter your full name, email address, and a valid form of identification, such as your BVN, RC Number, or Tax ID. Ensure you use the email address connected to your BVN.

4. Verification code and password setup

After submitting your details, you’ll receive a verification code to the email address linked to your BVN. Enter this code and set up a password. Your login ID will be your email address linked to the BVN.

5. View your credit score

Once logged in, your credit score will be displayed immediately. Click on the “My Report” section to access it.

6. Review your credit report

Carefully review the report provided by CreditRegistry to ensure accuracy and completeness. Check for information about your credit accounts, payment history, outstanding balances, and other relevant credit-related data.

Who can see your credit report? 

Only certain individuals or entities with a “permissible purpose” can access your credit report. These include:

  • Banks and financial institutions: Including specialized banks and leasing companies.
  • Applicants or guarantors for credit: Individuals applying for or guaranteeing credit.
  • Credit review, renewal, restructuring, or monitoring: Entities involved in reviewing, renewing, restructuring, or monitoring credits.
  • Employers: Employers may conduct credit checks as part of the employment screening process.
  • Prospective tenants: Landlords or rental agencies may request credit reports from prospective tenants.
  • Insurance companies: Insurers may access credit reports for underwriting, reviewing, renewing insurance policies, or analysing insurance claims.
  • Credit contract applications: Entities processing applications for credit contracts or post-paid services.
  • Debt collection: Debt collectors, enforcement agencies, or entities enforcing monetary judgments or other debts may access credit reports.
  • Know Your Customer (KYC) checks: Entities conducting KYC checks for permissible purposes.
  • Regulatory authorities or public bodies: Entities comply with directives from regulatory authorities or public bodies.
  • Central Bank of Nigeria’s Credit Risk Management System (CRMS): A database managed by the CBN for monitoring credit risk in the financial system.


By understanding and monitoring your creditworthiness, you can access a wide range of financial products and services while confidently working towards your financial goals. 

With these steps, I hope you feel confident and prepared to check your credit score in Nigeria successfully.

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