Credit Report Secrets
CREDIT REPORT SECRETS
Credit Bureaus unlocks all its credit secrets and shows you what it means to be credit worthy. We have the tools, tips and comparative credit report information to drive and guide you to obtain the best credit status you can dream of.
Get an agent to call you and help unlock the secret to credit health.
SOUTH AFRICAN CREDIT SCORE SECRETS
Were you aware that most credit report companies are not affiliated with the credit score. It is a number generated by a mathematical algorithm, based on the statistical analysis of information in your credit report, compared to information on millions of other people.
The number is a highly accurate prediction of how likely you are to pay your accounts. A number, roughly between 300 and 999, which measures an individual's credit worthiness. Your score is made up of information found in your credit report and can be grouped into the following main groups:
Remember, it's all about your CREDIT SCORE!
HOW TO GET THE BEST CREDIT STATUS
Late payments and short payments can have a major negative impact on your score.
The longer you pay your bills on time, the better your credit score.
This won't improve your credit score immediately, but if you can begin to manage your credit and pay on time, your score will get better over time.
Amounts Owed Tips
The most effective way to improve your credit score in this area is by paying down your revolving credit. In fact, owing the same amount but having fewer open accounts may lower your score.
Length of Credit History Tips
New accounts will lower your average account age, which will have a larger effect on your score if you don't have a lot of other credit information. Also, rapid account buildup can look risky if you are a new credit user.
New Credit Tips
Credit scores distinguish between a search for a single loan and a search for many new credit lines, in part by the length of time over which enquiries occur.
Opening new accounts responsibly and paying them off on time will raise your credit score in the long term. Request and check your own credit report.
CREDIT IMPROVEMENT GOALS
Our partner Kudough Credit Solutions has taken the stress out of how to best improve your credit score and get the credit you deserve. As experts, they guarantee they can improve your status or your money back. Their secret is the algorithms and calculators built on their platform behind the credit report to identify what you need to do to improve your score and where to start. They have taken the worry out of status improvement.
Get your credit check from us and let Kudough do the rest.