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How credit worthy are you? A guide to credit bureau reports…

Every consumer in South Africa can access their credit report for free once per 12-month period.

You may access your credit report from credit bureaus such as TransUnion (ITC), Experian, XDS and Compuscan.

The Money Show’s Bruce Whitfield interviewed Avitha Nofal, Legal Advisor at the Credit Ombud Ofiice, about credit bureau reports for his weekly "Make Money Mondays" feature.

Scroll down for quotes from the audio below.

The best predictor of future behaviour is past behaviour.

Avitha Nofal

Your employer may only check your credit health if your job requires you to be responsible with money.

Avitha Nofal

Prescribed debt may not be listed at the bureaus. If it is; they must remove it.

Avitha Nofal

Every credit provider has their own scorecard that may have different weightings.

Avitha Nofal

Failing to pay child maintenance will affect your credit record at the credit bureaus.

Avitha Nofal

Contact the credit ombud if you dispute your credit check.

Avitha Nofal

We represent the consumer. We investigate to determine if the consumer is liable or not.

Avitha Nofal

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This article first appeared on 702 : How credit worthy are you? A guide to credit bureau reports…


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