Many people only check their credit reports when it is too late – for example after the credit they applied for in order to buy a house or a car has been turned down. Get all the answers you have to your credit related mattersįewer than 5% of South African consumers make use of the legislation which entitles them to obtain their credit report free of charge from every credit bureau every year.įigures supplied by the National Credit Regulator revealed that in 2014, only around one million of the 22,8million credit active consumers in the country took up their right to access their free credit report. Even if you've mishandled credit in the past, you can build up your credit worthiness by handling credit more responsibly, both now and in the future. That's good news for consumers with less-than-perfect credit. Often credit checks bring up long-forgotten bad credit decisions, but that low credit rating can change.

Learning about inaccurate information on your credit report is never fun, particularly when a potential creditor learns about it before you do. Victims of ID theft will usually find that not all the information on their credit report reflects their financial behaviour.

It provides a view on how you manage your debt. This enables them to make informed, reliable and objective decisions to grant credit to you or not.Ī credit score is a numerical view of your credit history and payment behaviour. Businesses use this information in accordance with our National Credit Regulator Act. A TransUnion Credit Report gives you important information contributed by your credit providers.

Register idm free