Getting a free credit report in South Africa is a useful thing to do annually. It is a brief record of your financial history detailing the way that you have used your access to credit cards and accounts. If you have abused these systems, you are likely to be recorded as having ‘bad debt’ or be blacklisted. These things are great to know in a pre-emptive check to avoid the embarrassment involved in applying for loans or car finance and being rejected. The best source of a free credit record is a lawyer.
Your financial history is your statement to the world about the way you spend, and getting a free credit report in South Africa is a good way to keep check on yourself. The last thing you really want is to have to go to a lawyer to try to get car finance or credit cards, but if you have been blacklisted or your check reveals that you have bad debt you just might have to. Loans are not as easily given away as they used to be before the recession, and living off of your credit cards is an unsustainable way to live. Instead, you can pursue particular finance practices to ensure that your report is a positive one.
If you would like to get a good credit rating, make sure that you have accounts and a credit card account, but that you are paid up in full, or do not have overdue repayments. You can also ensure that you regularly make deposits into a savings account to ensure that you are less reliant on loans or other forms of bad debt. If you want to go from being blacklisted to having the best credit check in the world, then you should see where you stand now by getting a free credit report in South Africa.