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 App In South Africa
Experian offers South African consumers free unlimited access to their My Credit Check and My Credit Expert credit reports and credit scores.
Visit www.mycreditcheck.co.za for your Experian Sigma credit report.
How does credit score work in South Africa?
Your credit score is a big three-digit number above your head that tells a potential lender how much of a risk you are.
What is an acceptable credit score in South Africa?
Your credit score will be a three-digit number ranging from 0 to 999. You need a credit score of at least 610 for the bank to consider your home loan application,
while anything above 661 is considered a decent credit score.
How do check credit scores for foreigners in South Africa?
You can access your personal credit reports through either the My Credit Check or My Credit Expert portals.
The My Credit Check portal, available at www.mycreditcheck.co.za, references data from the Experian Sigma database, which is the historical Compuscan Bureau database.