According to the National Credit Act, every consumer has the right to one free report once in a 12 month period. As a consumer you have the right to get access to your credit report which contains details about your previous payment history.
Why should you get a free credit check?
Your credit score is important, as it’s used to rate your creditworthiness. By getting a free credit check you are able to get access to important information, provides by your credit providers, in a clear, easy-to-read format. If you are looking to get a loan, keep in mind that the credit provider of your choice will use your credit report to gauge how well you are likely to service the loan agreement.
It’s important to regularly view your credit report in order to stay informed about your credit status and to ensure its accuracy. Research has shown that credit reports aren’t always accurate, so it’s important to make sure where you stand. Identity theft is a reality that many people have to deal with. By doing something as simple as taking advantage of your free credit check, you can avoid nasty surprises.
When you check your credit you know where you stand before applying for credit.
Companies that provide you with your free credit check are able to provide you with information pertaining to your rights with regards to credit. By getting a free credit check you will be equipped with information regarding what a credit report is and what the information in it contains.
South African has a number of companies from where you can get a free credit check. These include the likes of:
You will also be informed of what a good credit rating means as well as how it can benefit you.