Checking your credit record is essential for financial well-being. Fortunately, there are free resources available to South Africans where you can access your credit information:

Transunion and Vericred provide free credit reports and credit scores through their online portal. All South African citizens with valid ID numbers can use this platform to access their credit information, where you will find detailed information about your borrowing and spending habits, payment trends, and contact details. 

Get in touch with them at:

www.transunion.co.za

www.vericred.co.za

How to Get a Good Credit Score

Review Your Credit Report: Obtain your free yearly credit history report from one of the registered credit bureaus. Identify accounts that may be affecting your credit score negatively. Prioritise paying off these accounts, especially those with high interest rates.

Timely Payments: Always make payments on time. Communicate with your creditors if you are facing difficulties. Pay more than the minimum instalment whenever possible.

Why You Need a Good Credit Score

Access to Financial Products: Lenders use your credit score to determine whether to approve your applications for loans, credit cards, or mortgages. 

Financial Stability: A strong credit profile reflects responsible financial behaviour. It demonstrates your ability to manage debt and repay loans, which is crucial for long-term financial stability.

Assess Your Situation

Review your credit report to understand which accounts are causing issues.

Prioritise Payments: Focus on paying off accounts with negative records. Communicate with creditors and consider seeking guidance from a debt counsellor if needed.

Correct Errors: If you spot inaccuracies on your report, dispute them with the credit bureau. Ensure your report reflects accurate information.

Remember, improving your credit is an ongoing process. Small steps today can lead to significant improvements in the future, which in turn, creates opportunities.