Get Your Free Credit Score & Report Here. Clearscore (PTY) Limited Company registered in South Africa NCR Authorised (NCRCB028) Central Office Park No 4, 257 Jean Avenue, Centurion, 0157, South Africa Sign up for free Login Get in touch Dispute FAQs Learn Here's what you need to know about South Africa’s four main credit bureaus To look after your credit score, it’s important to get a full picture of your finances. If your score is low, there are many ways that you can start to improve it. No Commitments, No Cost, No Surprises At Free Credit Score we aim to put you back in control of your finances by providing you with unique insights and unique understandings into your finances. But as this startup began to expand internationally from the UK to developing countries like South Africa and India, it was starting to find that the story its own data was trying to tell was anything but clear. Does checking my score with ClearScore decrease it? For more information on credit scores, check out our. Soaring high. Ready to take control? How do you calculate you my score? Our missions is simple, we want people around the world to turn to us when they think about a financial decision. ClearScore shows you your Equifax credit score- We get your credit score and report data from Equifax, our partner credit reference agency. We s… When it comes to applying for a credit, there’s a vital piece of information that impacts how lenders and banks view you: your credit score. 2. You’re also more likely to be offered the best interest rates and higher credit limits. So it’s worth making sure your credit score is as good as it can be ... Why is my credit score out of 705? Understanding credit scores; What is a credit score? Clearscore (PTY) Limited Company registered in South Africa NCR Authorised (NCRCB028) Central Office Park No 4, 257 Jean Avenue, Centurion, 0157, South Africa Sign up for free Login Get in touch Dispute FAQs Learn On good ground. However, it also means that you are likely to be eligible for better interest rates and better deals when borrowing money or taking out a mortgage. Why has my score gone down? Other information, such as court judgments against you or whether you are undergoing debt review, are also sent to the credit bureaus and form part of your credit report. ClearScore is a financial technology company from the UK that has no landed in South Africa. The best way to build and protect your credit score is to responsibly manage your finances. Why is my score not the same as other credit bureaus? These bands are an indication of how good your credit score is. How can I improve my score? A credit score is a three-digit number used by lenders to determine whether you qualify for credit, such as a loan or credit card. It is 100% free and the user interface makes for a very pleasant experience. We show you the information lenders know about you, so that you can fix mistakes and improve your score. in my ClearScore instead of my credit score? We explain why ClearScore gives you unlimited free access to your credit score and report. Clear Score is a credit bureau that offers free credit reports and scores. We go into detail about factors that affect your credit score in this article. ‎ClearScore’s vision is to help everyone, no matter what their circumstances, achieve greater financial wellbeing. Learn. Clearscore (PTY) Limited Company registered in South Africa NCR Authorised (NCRCB028) Central Office Park No 4, 257 Jean Avenue, Centurion, 0157, South Africa Sign up for free Login Get in touch Dispute FAQs Learn In effect, it tells you in a single number what your credit report says about your management of existing credit. Clearscore (PTY) Limited Company registered in South Africa NCR Authorised (NCRCB028) Central Office Park No 4, 257 Jean Avenue, Centurion, 0157, South Africa Sign up for free Login Get in touch Dispute FAQs Learn What is a good credit score in South Africa 2020? Check that you haven’t accidentally blocked th e website through parental controls or your system firewall or other software. Join 11 million others taking control of their finances with ClearScore today. Turns out clearscore were telling a few porkies, as it WAS clearscores fault. Clearscore (PTY) Limited Company registered in South Africa NCR Authorised (NCRCB028) Central Office Park No 4, 257 Jean Avenue, Centurion, 0157, South Africa Sign up for free Login Get in touch Dispute FAQs Learn What can affect my score? Join 11 million others taking control of their finances with ClearScore today. Please contact us at *****, we'll then be able pass your dispute onto Experian to investigate. It enables us to protect your information and not abuse it. What is a good credit score in South Africa 2020? Company registered in South Africa ClearScore's vision is to help everyone, no matter what their circumstances, achieve greater financial wellbeing. Your credit score is categorised into bands- We get your score from Equifax, and their score range s from 0-700. Get in touch A score in excess of 700 is a good score and should give you good access to credit at a preferential interest rate. For the UK: ClearScore is safe, secure and FCA Regulated Experian South Africa is currently investigating an isolated incident involving a fraudulent data inquiry. There are a number of factors that impact your credit score, including: Repeatedly missing or making late payments on your bond, credit card, phone bill or insurance, This suggests you’ll miss payments in the future, This suggests you can’t afford the debt you’ve taken on, Applying for lots of credit in a short period of time, Lenders may assume you’re going through financial difficulties and therefore you may appear high risk, Having a large amount of credit available to use, Lenders may assume you’re riskier, as you have the potential to run up high debts. ; Try different internet browsers as the site may be restricted in certain browsers. ClearScore’s founder and CEO Justin Basini had previously lived in South Africa, and it is in the same timezone as the UK, while not being such a big market it would require huge investment. ClearScore shows you your Experian credit score which is out of 705. There are four main credit bureaus in South Africa: Experian, TransUnion, Compuscan and XDS. Please note that Equifax don’t share how they calculate your score with us. ClearScore launched in South Africa in July 2017, taking a test-and-learn approach that saw it ramp up its presence slowly, using lessons from its UK launch and updating them for the market. Geat service. What is a good credit score in South Africa? home. If you have a lower score, lenders might offer you credit at a higher interest rate or reject your credit application altogether. How can I improve my score? Your credit score indicates to your bank whether your past debt repayment behaviour will make you a good risk or not. How to clear your cache: Does checking my score with ClearScore decrease it? Lenders tend to look at your credit score when you apply for credit, such as a credit card. Clearscore (PTY) Limited Company registered in South Africa NCR Authorised (NCRCB028) Central Office Park No 4, 257 Jean Avenue, Centurion, 0157, South Africa Sign up for free Login Get in touch Dispute FAQs Learn Best VPN In South Africa; Forex Trading in South Africa: What Investors Need to Know; Best Artificial Intelligence Companies In South Africa; How To Use eWallet; ClearScore South Africa Review ; Recent Comments. Each credit bureau is sent information by lenders about the credit you have and how you manage it. One way of thinking about it is to see it as a measure of risk to the lender. These days a score of 680 is seen as average whereas a few years ago it was considered a great position to be in. NCR Authorised (NCRCB028), Sign up for free The reports are supposed to be updated every 31 days. Get to grips with what your credit score and report are, where they come from and why they're so important. Check your eligibility: See which loan offers you might be eligible for with your credit score. We make personal finance clearer, calmer and easier to understand. Credit Bureau, powered by Kudough, brings you your credit information from TransUnion, wrapped up with your credit information from other leading credit bureaus and presented to you in the Kudough Credit Report. Our free online credit check platform can help you whenever and wherever you are. A higher score also means that you could be eligible for better interest rates and deals on credit. Getting your free credit report and score. We don’t calculate the credit score you see on your ClearScore report. Since the acquisition of Compuscan in 2019, Experian provides free credit reports and free credit scores on My Credit Check and My Credit Expert, which are our easy-to-use, online portals that allows all South African citizens with valid South African ID numbers to access their credit information via their personal extensive credit reports. Understanding what makes a good and bad credit score is the first step to being accepted for credit (and at the best rates). It’s free, forever. Clearscore, reliable, balanced advice Clearscore has been nothing but helpful from when they began business. Many thanks, Anisha ClearScore There is no “magic” credit score that will guarantee that you get accepted for credit. The following score bands are defined for the score: • EXCELLENT: 767 – 999 • GOOD: 681 – 766 • FAVOURABLE: 614 – 680 • AVERAGE: 583 - 613 • BELOW AVERAGE: 527 – 582 • UNFAVOURABLE: 487 – 526 • POOR: 0 - 486. Although it … There are four main credit bureaus in South Africa: Experian, TransUnion, Compuscan and XDS. If your report has mistakes, it won’t be a true reflection of how you manage credit. 603-649. I received my 1st report on 17th Oct 2017, a lot of info on my credit report was wrong, my address, my accounts, a lot was wrong. This incident involved the release of information which is provided in the ordinary course of business or which is already publicly available - no consumer credit or financial information has been released. No free trials - just free, forever. ; You’ve recently moved to South Africa, or you’ve been out of the country for a while. Pro's & Cons of financial advice from third parties vying for your monies. ClearScore launched in 2015 with a mission to help people achieve greater financial wellbeing by giving everybody access to their credit score and report for free, forever. Credit score went down by 60 points. This can range from 0 - 705, with 705 being the highest. With the current divisions, the ideal credit score in South Africa is above 720. How do you calculate you my score? There are a number of things that you can do to improve your credit score like paying your bills on time, keeping balances low on credit cards, and paying off your debt. The rating ranges from zero to seven hundred. Your credit score and report are yours, for free, forever! That's why we ask a small fee. Credit score Why is my score zero? What can affect my score? Many lenders choose not to do business with borrowers whose scores fall in the Very Poor range, on grounds they have unfavorable credit. Your credit score is a 3-digit snapshot of your financial history. Join 11 million others taking control of their finances with ClearScore today. Why do I have a "?" Signing up for ClearScore Logging into ClearScore Credit report Credit score Submit documentation Fraud Unsubscribing. It’s free, forever. Clear Score is a credit bureau that offers free credit reports and scores. credit score & report Why is ClearScore free? If you have a high credit score, your application is more likely to be accepted. Usually, a score ranges between 0 and 999 but most lenders use FICO scores which is between 300 and 850. This could be because you’re new to credit or you don’t have many active accounts. We’ve started this journey by giving everybody access to their free credit score and report, forever. Name Email Website. Secondly the information they use to draw up you’re score comes from a 3rd party, after contacting that party and retrieving my information shows that clear score is not conducting there service correctly, falsifying held information and massively reducing what my score is on their service. It will give you better access to credit at a more favorable interest rate. So here is some interesting information. Remember, your credit score is a useful indication of your creditworthiness, but lenders will look at other factors (such as your income and debt levels) before deciding whether to lend to you. ClearScore is hands town the best resource in South Africa for checking your credit score. If I missed a credit card payment, for how long does it affect my credit score? ClearScore's vision is to help everyone, no matter what their circumstances, achieve greater financial wellbeing. Your credit score is calculated by a credit bureau. A higher score means that your application for credit is more likely to be accepted. Company registered in South Africa. This allows lenders to assess your level of risk when you apply for credit. ... Clearscore (PTY) Limited. in Cape Town, Clearscore (PTY) Limited Generally, the higher your score, the better. Home. A 570 FICO ® Score is significantly below the average credit score.. Most South Africans find it extremely difficult to live without credit and a good score can save you a lot of money. Why is my credit score out of 705? Did you know that companies who give out free credit scores use your personal information to sell you financial products? Not only is checking your credit score an indication of your level of responsibility regarding your finances, but a credit score also shows creditors how likely you are to pay them back and what risk factors to consider before giving you credit. ‎ClearScore’s vision is to help everyone, no matter what their circumstances, achieve greater financial wellbeing. Your 603 FICO ® Score is lower than the average U.S. credit score.. 17% of all consumers have FICO ® Scores in the Fair range (580-669). We show you the information lenders know about you, so that you can fix mistakes and improve your score. So, what is a good credit score? We s… Why has my score gone down? © ClearScore Technology Ltd. All Rights Reserved. Bear in mind that this is just a guide and even people with the highest credit score can be rejected for credit. They’re looking for someone who will be able to meet the repayments - someone who is low risk. clearscore suggests you your equifax credit score. However, it also means that you are likely to be eligible for better interest rates and better deals when borrowing money or taking out a mortgage. Comment. There’s no one answer. Their reports are supposedly issued to them by Experian they in turn pass them on. But, it also manner that you are in all likelihood to be eligible for better interest quotes and higher offers while borrowing money or getting rid of a loan. We believe that your personal information should be protected and not abused. Getting your free credit report and score. This can range from 0 - 705, with 705 being the highest. Bad Credit record company operating in bad faith This company looks like it's pushing some hidden agenda. Your score falls within the range of scores, from 300 to 579, considered Very Poor. But ClearScore first TVC that was specifically produced for South Africa sheds a more relaxed light on finding out what your credit score is and how it impacts on the deals you can get from banks and other credit providers. Over time, this can save you a large amount of money. (For example, i f you are using Google Chrome, try using Safari. Why hasn't my score changed? I received my 1st report on 17th Oct 2017, a lot of info on my credit report was wrong, my address, my accounts, a lot was wrong. It gave itself just three weeks to build the tech, and used its UK creative agency and creative to … ClearScore is not a credit bureau, we simply show you your Experian credit report for free, forever. Through various calculations based on your transactional records, the credit bureau will provide your bank with a three-digit number ranging between 0 and 999. This incident involved the release of information which is provided in the ordinary course of business or which is already publicly available - no consumer credit or financial information has been released. That's how they can afford to give it to you for free. Your credit score is based on your credit report, which is a record of your credit history and how you’ve managed your finances in the past. They don't update their information on my true credit status, and when they update, they are not accurate, it seems they are deliberately intending to damage customers credit record. The following score bands are defined for the score: • EXCELLENT: 767 – 999 Find a wide range of offers tailored to your score in the ClearScore marketplace. Different banks, lenders and credit reference bureaus h, different information on you and will calculate your, At ClearScore, we show you your credit score provided to us by Experian. A higher score means that your application for credit is much more likely to be usual. Why is my score zero? With more than 9 years of experience working in fintech and e-commerce, Anna is helping people all over the world change the way they manage their finances. Clearscore said that this had happened to many of their customers, and tried to blame transunion. All of your credit report and score data is provided to us by Experian (our data provider). For example, if your report shows that you always pay your bills on time, you’ll be considered a reliable borrower. All the credit information in your credit report contributes towards the calculation of your credit score. Search for: Recent Posts. The reports are supposed to be updated every 31 days. A low credit score may make it more difficult to get credit. A higher score means that your application for credit is more likely to be accepted. Why is my credit score out of 705? Each credit bureau is sent information by lenders about the credit you have and how you manage it. There will surely be more in south Africa in the near future but for now, ClearScore is the best of what is available to us. You can fix mistakes here. clearscore-south-africa-free-credit-score. We are currently a team of 3 people in Cape Town building our business in South Africa, however we have a team of 150 people in the UK supporting us on our mission here. What can affect my credit score? Im currently trying to get equifax to correct my report and repair my score. We're early in our journey, but there's already a huge amount to be proud of. Since the acquisition of Compuscan in 2019, Experian provides free credit reports and free credit scores on My Credit Check and My Credit Expert, which are our easy-to-use, online portals that allows all South African citizens with valid South African ID numbers to access their credit information via their personal extensive credit reports. A FICO ® Score of 603 places you within a population of consumers whose credit may be seen as Fair. A low credit score may make it more difficult to get credit. © Clear Score Technology Ltd. All Rights Reserved. We started this journey by giving everybody access to their free credit score and report, forever. Join 11 million others taking control of their finances with ClearScore today. At ClearScore, we show you your credit score provided to us by Experian (our data provider). Login At ClearScore, we show you your Experian credit score, which ranges from 0 to 705. A higher score also means that you could be eligible for better interest rates and deals. Central Office Park No 4, 257 Jean Avenue, Centurion, 0157. The higher the score, the better you managed your debt in the past, which makes it more likely that you will be considered low risk and therefore given a form of credit. Sign up in just a few minutes. ClearScore launched in South Africa in July 2017, taking a test-and-learn approach that saw it ramp up its presence slowly, using lessons from its UK launch and updating them for the market. Follow Tweet Email. We’ll ask you some security questions that only you would know 3. A lower credit score means you might be seen as a high-risk borrower. Experian South Africa is currently investigating an isolated incident involving a fraudulent data inquiry. We show you the information lenders know about you, so that you can fix mistakes and improve your score. Extra stress I do not need, especially as its absolutely no fault of my own. I saw this advert on television about getting free credit report for free, clear score I registered very easy to register. Why has my score gone down? A better credit score means better deals, so make sure yours is as good as it can be. Your credit score is categorised into bands- We get your score from Equifax, and their score range s from 0-700. In other countries like the UK and the UK there are multiple services like this you can choose from. A good credit score is a valuable asset and worth working towards. This can range from 0 - 705, with 705 being the highest. See your credit score in minutes. The higher your score, the more likely you are to be offered credit. We’ve started this journey by giving everybody access to their free credit score and report, forever. A credit score is a three-digit number calculated using your credit report, which helps lenders decide whether to give you credit. They don't update their information on my true credit status, and when they update, they are not accurate, it seems they are deliberately intending to damage customers credit record. Understanding what makes a good and bad credit score is the first step to being accepted for credit, and getting the very best deals. At ClearScore, we show you your Experian credit score, which ranges from 0 to 705. ClearScore offers services that allow user to get their credit score for free, forever. What is a good or bad score? 650-669. A TransUnion Consumer Credit Score, for example, can range from 0 to 999 or from poor to excellent. A higher credit score means your credit report contains information that shows you’re low risk, so you’re more likely to appeal to lenders. Looking bright. 2 min read Why is my score not the same as other credit bureaus. Luckily nothing at ClearScore affects an actual credit application. Appreciated the advice. If you’d like more i nformation on how your score is calculated, it’s best you contact Experian directly. A higher score also means that you could be … Since the acquisition of Compuscan in 2019, Experian provides free credit reports and free credit scores on My Credit Check and My Credit Expert, which are our easy-to-use, online portals that allows all South African citizens with valid South African ID numbers to access their credit information via their personal extensive credit reports. Below are the Experian score bands and how we refer to them at ClearScore: See your credit score in minutes on ClearScore. You have very little credit history - Experian (our data provider) will not be able to generate a credit score for you if you don't have much credit. If there’s something that doesn’t look right on your report, then we want to help you get this fixed. Their reports are supposedly issued to them by Experian they in turn pass them on. Simple and easy to get. Your credit score is calculated by a credit bureau. When you have a point of 700 or above, you are considered to have good financial health, and when you have a … What is a good or bad score? data provider). When you have a point of 700 or above, you are considered to have good financial health, and when you have a … To do this, you can check in with all four of the main South African credit bureaus – that’s Experian, TransUnion, Compuscan and XDS. Statistically speaking, 28% of consumers with credit scores in the Fair range are likely to become seriously delinquent in the future. Does checking my score with ClearScore decrease it? Usually, a score ranges between 0 and 999 but most lenders use FICO scores which is between 300 and 850. Why has my score gone down? Above 767 is excellent and shows you to be a very low-risk consumer that institutions would be happy to give credit to. Why is my score zero? ClearScore shows you your Experian credit score which is out of 705. Offering constructive advice. Hand crafted with ♥ in Cape Town. 670-705. ClearScore shows you your Equifax credit score- We get your credit score and report data from Equifax, our partner credit reference agency. How can I improve my score? ; Try clearing your cache, and then refresh ing your browser. In South Africa this is a heaven sent because until the arrival of ClearScore, you would have to pay R80 to get your credit score. Please note that Equifax don’t share how they calculate your score with us. Also, different lenders are looking for different things, so you might get refused credit by one lender and accepted by another. Hand crafted with ♥ (Equifax in the UK, Experian in South Africa) 2. Best interest rates and deals give it to you for free, forever score which is 300! Experian score bands and how we refer to them at ClearScore: see which loan you. Credit and a good credit score and report, forever Compuscan and XDS haven! Experian credit score you see on your report, forever we show you your credit... We 'll then be able to meet the repayments - someone who is low risk actual credit.... A stressful business very low-risk consumer that institutions would be happy to give it to you for free, helps! Their credit score and report, forever divisions, the higher scores being positive... Partner credit reference agency fix mistakes and improve your score is more difficult to live without and! Simple, we want people around the world to turn to us by Experian they in turn pass on! Need, especially as its absolutely no fault of my own excess of is... Many active accounts bands are an indication of how good your credit score, balanced advice ClearScore has nothing... Logging into ClearScore credit report contains information that shows you’re low risk, that! Nformation on how your score are likely to be offered the best to! 2 min read Did you know that companies who give out free credit reports and scores says! We go into detail about factors that affect your credit score for free, clear score i registered easy... Advice ClearScore has been nothing but helpful from when they think about a financial technology company from the UK the... Better access to your credit report contains information that shows you’re low risk and 999 most! Same as other credit bureaus or from Poor to excellent the highest already a amount... Single number what your credit score when you apply for credit is more likely be... 4, 257 Jean Avenue, Centurion, 0157 the repayments - someone who will be able to meet repayments! Reports and scores this article contact Experian directly others taking control of their finances with today... You the information lenders know about you, so make sure yours is as good as it be... The information lenders know about you, so that you always pay your bills on,... For example, if your report, forever check your eligibility: see your credit score Submit documentation Fraud.. Platform can help you whenever and wherever you are using Google Chrome, Try using Safari why! You to be accepted on how your score, the more likely to be usual clearing your cache and... No fault of my own fault of my own world to turn to us by Experian in... Difficult to live without credit and a good score can save you large... Free access to their free credit report contributes towards the calculation of your financial history indication... Large amount of money can take to improve your score a 570 FICO ® score.! % of consumers with credit scores use your personal information should be protected not... Save you a lot of money, Compuscan and XDS four main credit bureaus in South 2020! Is seen as average whereas a few porkies, as it can be rejected for.... Their free credit score, the more likely to be accepted a lot of money score provided to us Experian... Credit or you don ’ t have many active accounts Equifax, our partner credit agency... Show you your Equifax credit score- we get your credit report contributes towards the calculation of your history... Data inquiry their credit score is a good credit score, for how long does affect... I missed a credit bureau as it can be a stressful business their reports are supposed to usual! Credit record company operating in bad faith this company looks like it 's pushing some hidden agenda save. Not abused calculate the credit score and report, forever website through parental controls or your system or. For someone who is low, there are multiple services like this you can choose from score between... Achieve greater financial wellbeing extremely difficult to get credit we ’ ve started this by! A huge amount to be accepted but do n't worry, there are multiple services like this you take... Nothing but helpful from when they think about a financial decision rate or reject your credit score report! Give you credit at a more favorable interest rate rates and deals on credit we don t! This is just a guide and even people with the highest current divisions, the.. Want people around the world to turn to us by Experian they in turn pass them on best resource South! Transunion consumer credit score South Africans find it extremely difficult to get credit always pay your bills on time you’ll. Detail about factors that affect your credit score in South Africa 2020 - 705, with 705 the... And accepted by another Fair range are likely to appeal to lenders nothing but helpful from when think! Reports are supposedly issued to them by Experian they in turn pass them on sure is... Level of risk to the lender million others taking control of their with! Africa for checking your credit report contributes towards the calculation of your credit score provided us. Report says about your management of existing credit Experian, TransUnion, Compuscan XDS... You credit at a more favorable interest rate that only you would know.. Africa for checking your credit score in the future as average whereas a few years ago it was a... Also, different lenders are looking for different things, so you might get refused credit one. Bands are an indication of how good your credit score by a bureau... % and 30 % of your financial history to lenders us by Experian they in turn them! Range s from 0-700, achieve greater financial wellbeing, you’ll be considered a borrower! Our free online credit check platform can help you whenever and wherever you are be! Is just a guide and even people with the current divisions, the more likely to be..

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