What is a Credit Score?
A credit score is a numerical expression based on a level analysis of a person’s credit files, to represent the creditworthiness of an individual.
A credit score is primarily based on a credit report, information typically sourced from credit bureaus.
Best Credit Score In South Africa
Your credit score will be a three-digit number ranging from 0 to 999.
781 to 850. Excellent.
661 to 780. Good.
610 to 660. Fair.
500 to 610. Poor.
300 to 499. Very poor.
What are the benefits of having a good credit score in South Africa?
The higher your credit score, the better your chances of getting approved for a loan or a larger credit amount.
You could also get approved for lower interest rates on different credit products.