What Is Transunion?
TransUnion is a credit bureau. It tracks the credit history of borrowers in order to generate credit reports and credit scores.
Which Bank Uses Transunion In South Africa?
JOHANNESBURG – Good news for consumers is that African Bank is now offering unlimited access to their detailed credit report through an innovative partnership with TransUnion Credit Bureau.
Which Credit Bureau Does South African Banks Use?
Here’s what you need to know about South Africa’s four main credit bureaus. To look after your credit score, it’s important to get a full picture of your finances.
To do this, you can check in with all four of the main South African credit bureaus – that’s Experian, TransUnion, Compuscan and XDS.
What Are The Different Credit Bureaus?
There are four main credit bureaus in South Africa: Experian, TransUnion, Compuscan and XDS.
Different creditors will report to different bureaus – some may report back to all four and others may only report your information back to one or two.
This means different credit bureaus may hold slightly different information about you.
This is why it’s a good idea to look at your reports from different bureaus periodically.
How Do You Check Each One?
You can get access to your reports in the following ways:
Experian
- You can get free access to your Experian score and report as often as you like through ClearScore. Login to see your score now.
- Everyone is entitled to one free statutory credit report a year through Experian’s CreditExpert service.
- Alternatively, you can pay R21 for a month’s subscription or R145 for a yearly subscription.
- Your Experian score ranges from 0-705.
- You can get access your TransUnion report once a year for free.
- You can get a one off report for R40 or you can pay R40 per month for a subscription.
- The TransUnion score can range from 0-999.
Compuscan
- Again, you can get one free report a year from Compuscan.
- You can also purchase a one-off report for R25 or you can choose from 3, 6 and 12 month paid plans.
XDS
- Credit4Life offers 30 days free access to your XDS report.
- Alternatively, the Credit4Life consumer club gives you access to your report for R99 per year.
The National Credit Act means that everyone is entitled to get their credit report free of charge, once a year from every credit bureau. It’s definitely worth taking advantage of this and checking in with each credit bureau.
Once you’ve done this, you’ll have a good idea of your overall financial situation and you can fix any mistakes. To do this on ClearScore you can raise a dispute directly with Experian.
It’s best to continue checking your ClearScore report regularly to help look after your score and to stay on top of your finances.
Who Is The Biggest Credit Bureau In South Africa?
XDS is the largest locally owned credit information bureau in South Africa, with subsidiary operations in Ghana, Nigeria and Zimbabwe.
The company is part of the EOH Information Services division of the global EOH Group which operates in over 134 locations throughout South Africa and Africa and in over 50 countries.
Which Credit Report Is The Most Accurate In South Africa?
Credit Bureau is the ultimate Credit Report Guide for South Africa.
