Free VS Paid Credit Reports.
Your credit report is closely linked to your financial future.
As part of being a responsible citizen, you are responsible for your own credit score. It reflects on you not just as an individual, but as someone who has access to financial resources based on how solid your credit history is.
Regularly checking your credit report is important, so that you can quickly correct any inaccuracies or errors and stay on top of your finances.
What is a credit report?
A credit report contains all the details related to your accounts such as payments made and payments missed. A credit report provides information to lenders about your capacity in terms of handling money and your financial means.
The difference between free and paid credit reports.
Credit reports from an online source will feature a detailed breakdown of your financial background that can help you make more informed decisions about your money. Paid credit reports enable you to purchase more than your annual free credit report per year. As a South African citizen, you are entitled to one free credit report per year and you can purchase credit reports from Credit Health.
Credit score differences.
Credit bureaus all use different models to calculate your credit score, but they provide the same information to loan providers which uses this information to determine if a loan can be provided.
If you have questions about your credit report, Credit Health can help.