Personal credit reports can be accessed via the My Credit Check or My Credit Expert portals. The My Credit Check site, which can be accessed at www.mycreditcheck.co.za, uses data from the Experian Sigma database, which is the historical Compuscan bureau database.
What is the significance of knowing your credit score?
Before we go into the necessity of understanding your credit score, let’s go through the components of your credit score. A credit score is a three-digit number that banks and other financial institutions use to assess whether you qualify for credit, such as a loan or the ability to apply for a credit card. Your credit score is determined by your credit report, which is a record of your credit history and previous financial management. When you apply for credit, lenders can use this information to determine your degree of risk.
Where can I get a free credit report?
There are a plethora of online businesses who provide the service of free credit score checks, but where do you begin your search? Here are the top six sites we recommend for free credit score checks online:
- Clearscore
- Experian
- MyCreditCheck
- Kudough
- Credit Bureau
- TransUnion
How do I figure out what kind of credit debt I have?
The first step in discovering how much debt you have is to obtain credit reports from the three major credit bureaus: Experian, TransUnion, and Equifax. Creditors typically report debt accounts to one or more credit bureaus, which subsequently include them in the credit report they keep.
Can your bank provide you with your credit score?
Your bank account information does not appear on your credit report and has no effect on your credit score. However, lenders utilize information about your checking, savings, and assets to determine your ability to take on more debt.
Can I find out who ran a credit check on me?
Every access to your Credit Report will be logged in the ‘Searches’ area, which you can monitor to see who is checking your Credit Report. This section will provide all Credit Application Searches, Enquiries, and Audits completed in the last two years.
