The Steps to Get Your Credit Score Up in South Africa

How can I improve my Credit Score in South Africa?

• Provided, you have no credit score, you will need to open some small retail accounts or a cell phone account, and pay it back on time and in full each month.
• Do not take on any more debt.
• Try to settle the outstanding debt as quickly as possible.
• Reduce spending wherever you can.
• Do not miss payments.
• Stay informed of what your credit score is.

How Can I Get a good Credit Score in South Africa?

The following are 5  essential Steps to improve your credit score

• Stay on top of financial commitments.

Timely payments will increase your score.

• Pay your debts. High outstanding debt will negatively affect your score while paying it off will improve it.
• Lose what you don’t use.
• Keep your credit limits high and what you owe low.
• Know your rating.

How long does it take for a credit score to go up South Africa?

According to reports from businesstech.co.za, improvements usually start showing up on the credit record after around three months, but it’s recommended to wait about six months before reapplying.

How do I get my credit score South Africa?

Experian offers South African consumers free unlimited access to their My Credit Check and My Credit Expert credit reports and credit scores. You can  visit www.mycreditcheck.co.za for your Experian Sigma credit report.