Description

·         What is my Credit Score.

• Your credit score is important because credit providers use it to rate your credit worthiness. It’s calculated using the information on your credit profile, including account information, your payment history, adverse information, public records and enquiries (requests by credit providers to view your credit report). It is a summary of both positive and negative factors that predicts how likely you are to honour your future credit agreements. Your credit score will however differ at each of the registered South African credit bureaus as they are calculated differently at every institution.