Credit Record

A look at your credit report

When last, if ever, did you do a personal credit check?

There are three main consumer bureaus in South Africa and, between them, they know just about everything there is to know about your credit activities. These bureaus are Xpert Decision Systems (XDS), Experian and TransUnion and they gather information relating to your:

The first step to correcting false information on your credit record is to do a personal credit check by ordering a 3 in 1 consolidated credit report and credit score through www.creditrecord.co.za containing information from the 3 major credit bureaus, TransUnion, Experian and Xpert Decision Systems (XDS)
  • Personal details – name, ID number, gender, marital status, contact numbers, addresses, employer and, believe it or not, aliases
  • Negative listings – loans, accounts, judgments, bank defaults, defaults, collections, notices, notarial bonds, trace alerts and payment profiles


All of this information is kept in reports that credit grantors use every day to decide if you, your friend or neighbour will be allowed to borrow more money. Once you have entered the financial system, by opening a bank or department store account, your record starts to build. It requires discipline and planning to maintain a good credit record and the opposite to mess it up. Once you start obtaining 'negative listings' on your credit report it may take years, and a lot of professional help, to get your record cleaned up.

Advice

Establishing Your Creditworthiness
Why Do a Personal Credit Check
Before Applying For Credit
Credit Record Essentials
Types Of Listings
Data Retention Periods
Correcting False Information
Tips To Improve Your Credit Record
Logan Attorneys
about your credit record
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