Credit articles
Don’t let your credit score hinder your hiring
While filling out a job application, you may notice that your prospective employer would like your permission to view your credit report. But is this acceptable, or is it an invasion of your privacy?
How long does debt reflect on your credit score?
If you’ve ever had debt that you didn’t manage well, you may have wondered how long the debt would remain, or be retained, on your credit score. This is known as a “retention period” and it is governed by the law.
Does reversing a debit order impact your credit score?
You are in control of your debit orders. If you’re dissatisfied, you’re allowed to reverse or stop it. However, what does this mean for your credit score?
Interest-free days and interest amounts – what are the limits?
When you open a credit card account with your bank, you will receive certain benefits based, in part, on your credit profile. The number of interest free days and the interest rate are among the credit conditions that will apply.
How to ensure your credit report is up to date
Have you ever looked at your credit report and thought that the information displayed does not match what you know? You have paid your accounts, or you’ve completed the debt counselling programme, but it’s not reflected in your cre...
Can your TV licence payments impact your credit score?
Everyone who owns a television in South Africa is liable to pay for a TV licence. But what happens if you don’t pay it? We have a look at how the license works, and how failure to pay it can impact your credit score.
Do credit cards encourage excessive spending?
A recent study by MIT Sloan investigated whether credit cards motivate consumers to “step on the gas” when it comes to spending. We consider the impact credit cards have on spending.
How to have a judgment removed from your credit report
If a judgment is issued against your name, you will soon notice its impact on your credit score. We have a look at what a judgment is, and we consider the steps you should take to have this officially removed from your credit report.
When will a judgment reflect on your credit report?
You may know that failing to settle your debt on time can result in a judgement, creating havoc with your credit score. But how long will it take to reflect?
Should credit bureaus notify you when your credit score changes?
Perhaps you checked your credit score today. To your dismay, you find out it’s gone down significantly. If you had realised it was going down sooner, you may have taken action to reverse the damage.
Does a large salary guarantee a good credit score?
If you have a large income, it may appear that you will be able to handle large amounts of debt with ease and, therefore, you should automatically have a good credit score. However, the credit bureaus may not agree.
6 Factors that do not impact your credit score
If you have entered the world of credit, you may have been warned that you need to protect your credit score. However, there are several things that won’t impact your score.