Your credit report is a detailed history of all of your credit activity and payment behaviour that is compiled by a credit bureau. It includes a list of all of your accounts (e.g. clothing, mobile phone, etc.) and all loan agreements you have signed (e.g. car, personal loans, bond etc.), and details whether you have made the agreed payments or not.
The information on your credit report may include:
- ID Number and if it could be verified by DHA (Department of Home Affairs)
- Telephone number/s
- Employment information
Payment and credit history
- Payment Profile
- Debt Review flag/indicator
- Credit Score
- Possible Fraudulent information
- Who has enquired or viewed your Credit Report
What is a credit score?
Your credit score is a number that is calculated by the credit bureaux to indicate whether you are a good re-payer of credit or not. Your credit score is calculated based on the information found in your credit report.
The information used to calculate your credit score may include:
- Whether you pay according to your credit agreement.
- Whether your accounts are in arrears or have made payments late.
- The total amount owing on your accounts.
- Any negative information such as court judgements.