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Latest Articles
How CRIB Blacklisting can affect your life?
We learnt, CRIB does not blacklist anyone. Instead, it merely collects credit information and repayment records of individuals and provides such information to member institutions on demand. If you have habitual delays and late payments, this is highlighted in your credit report and it is… View Article
What is CRIB Blacklisting?
Many of us believe when our name is under CRIB database we are blacklisted, which is not correct. CRIB database captures not only default blacklisted borrowers, but information on all borrowers who have obtained financial assistance from lending institutions. You could easily check your credit… View Article
Understanding your Credit Report (iReport)
With recent amendments to the Credit Information Bureau of Sri Lanka Act, one can request his own credit report (iReport) from CRIB and this provides the opportunity to evaluate your credit status before your potential lender does. Read our article on What is Credit information… View Article
What is Credit information and How to obtain your Credit Report?
In our first article, we described about CRIB, its objectives and functionalities. CRIB established under Credit Information Bureau of Sri Lanka Act No. 18 of 1990, the initiative of the Central Bank of Sri Lanka and Finance Ministry is to promote good credit culture in… View Article
What is CRIB & its objectives, an Introduction
Last week, I accidentally met one of my friends in a shopping mall, who was checking out to buy an LED TV. I knew he had applied for loan from a bank, so I mocked him, ‘Hey, seems it’s time for a party. Buying a… View Article
Understand Your Pay-As-You-Earn (PAYE) Tax in Sri Lanka
Commonly known as PAYE tax in Sri Lanka, it is a major source of direct tax for the Government. Inland Revenue Act No. 10 of 2006 (IRA) governs the tax administration and collection, while it defines PAYE tax as the tax deducted by the employers… View Article
8 Important factors to be considered when selecting a Preschool in Sri Lanka
Being a working mother of a two year old kid living in the city like Colombo, I spent nearly one month in finding out the most appropriate preschool for my little one. Preschool is the most important element in a kid’s life in respect of… View Article
Places to Visit in Colombo with Your Kids – Natural Attractions
Children are very sensitive, especially the toddlers. With growth, their physical and mental skills are molding. Parents always want to give the best learning opportunity for their kids. Child-development experts say, meaningful entertainment such as group activity, outing with parents and playing with other children… View Article
Follow This Steps When You Can’t Pay Off Your Monthly Minimum Balance
Sometime we overspend, because of financial emergency or needed to make a large purchase/payment. While it’s never wise to spend more than you can pay monthly, it does happen, sometimes within circumstances outside our control. Here are some ways to go about dealing with the… View Article