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.
Overall Component Default: When no dishonoured cheque data is available, you get 32 points (25% of component total) representing unknown risk requiring verification.
