Everyone should check their credit status before signing any offer to purchase a property and before applying for a home loan.
You need to keep your accounts up to date and you should not open accounts if you are not going to be able to pay them monthly.
By Credit Health (www.credithealth.co.za)
Bigger companies like Edgars, Foschini, Woolworths and all the banks are members of the Consumer Credit Association and they send all their payment records to the credit bureaus every month. So if you miss even one payment, it shows on your record.
By Credit Health (www.credithealth.co.za)
A credit score is a summary of a number of positive and negative factors on your credit report that aims to predict how likely you are to honour your credit commitments in future. This rating is often used by lenders to identify the risk in offering you credit.
