WesBank Talks Finance
For over 50 years, WesBank has been a trusted provider of vehicle and movable asset finance in South Africa. We're committed to providing informative and responsible finance solutions and believe that knowledge is key, especially when entering into a finance agreement. As your vehicle partner for life, we hope that the insights you gain from our conversations with industry experts will help you make informed decisions.Please note that the information shared in this podcast is for educational purposes only and does not constitute financial advice.
WesBank Talks Finance
Credit Score 101
•
WesBank
Use Left/Right to seek, Home/End to jump to start or end. Hold shift to jump forward or backward.
Lebo Gaoaketse talks to Jaco van Jaarsveldt from Experian and Rudolf Mahoney from WesBank about those numbers that are your credit score. Your credit score has a major impact on your ability to get finance so understanding the ins and outs of how it works, what the numbers actually mean, how it affects you, and how you can work at making it better are what you'll get out of this podcast.
What is a credit score?
Credit score and finance applications
Ability to afford credit
Creditworthiness
How do the bureaus get to the score?
Credit providers' obligations
How your credit score affects the banks' decisions
What do the score numbers actually mean?
How do you boost your credit score?
Current trends
Is your credit score affected when doing finance applications?
Beware of scams!
Scenario - life happens & I can't afford my instalments
Blacklisting
How does a "fixed credit score" affect an application?
Don't be embarrassed
Don't fear, but be cautious.
Summary