How To Get Credit As A Foreigner?
Obtaining credit while living in a foreign country can be challenging. Most banks and credit facilities give first preferences to those who hold South African ID’s. Most South African banks will consider foreigners who hold valid passports with work permits and permanent resident. For foreigners…
What Credit Analysists Look for?
The credit analysists seeks to identify the appropriate level of default risk associated with investing in that particular entity by conducting a credit analysis. Analysts attempt to predict the probability that a borrower will default on its debts, and also the severity of losses in the event of default. Using…
A guide to your credit report
Everyone has a credit report that contains a complete record of their financial history. This includes account information, payment history, amounts owed, age of accounts, judgments, defaults, and a list of occasions on which credit providers requested to view your credit report. Together, these factors are considered to…
The different types of credit analysis techniques
Credit analysis is a method used to calculate creditworthiness. Essentially an evaluation of credit risk, it attempts to predict default probability as well as how severe the losses may be in the event of default. It involves an exploration of factors such as collateral, capacity, credit history, the…
What is a good credit score rating here in South Africa?
Credit scores generally range between 300 and 850. They indicate how risky an entity is. 750+: This score is excellent and you are regarded as the ideal debtor. 720- 749: You are regarded as a safe bet. Creditors regard you as a reliable debtor. Having a very good score such as this will undoubtedly lead…
Wonga — Providing Unbeatable Loans
Wonga is a business brand which has caught the attention of the wold. Established in 2006, Wonga which operates as a British payday loan company has become synonymous with quality loans and credit. (more…)