Credit Scores in South Africa: What You Need to Know

In this video, we'll discuss what credit scores are in South Africa and what you need to know if you're looking to get a credit score.
Credit scores in South Africa are important for a lot of reasons, including getting a bond, borrowing money, and being approved for a credit card. If you're planning on moving to South Africa or if you're looking to improve your credit score, make sure to watch this video!
www.clearscore.com

[@pillay83]

Use credit card for everything besides for withdrawals. Aim to get 4 cards to always be below the utilization safety zone

[@iamkaylim007]

Im trying to open retail accounts but i am a student and do not qualify for anything
What can i do?

[@addythed0n]

Hi this video was so helpful. I didn't have any credit record at all about 5 months ago and I started applying for clothing accounts and now my credit score is at 609. Do you think I'd be able to apply for a phone contract with that credit score?

[@Wanted1_2]

I’m 28 I just learnt the importance of having a credit score . We are usually told debt is bad but through videos like yours. Having the right tools with the aid of financial literacy debt can become our bestest of friends. Thanks for educating many like me.

[@FinanciallyFabulousFemales]

no problem

[@jaguarpaw6976]

what is the first step to do when you want to build a credit score for the first time ?

[@FinanciallyFabulousFemales]

Take on small debt and pay it back quickly, a crredit card for example, Spend R1000 and pay R1000 in the billing cycle

[@jaguarpaw6976]

@@FinanciallyFabulousFemales
They dont want to approve me store cards also bank credit cards they say i dont have credit profile

[@jaguarpaw6976]

are you serious " debt can become our bestest of friends"

[@FinanciallyFabulousFemales]

yes....arbitrage