Credit Score 101

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. 

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Chapters

• 1:15 What is a credit score?
• 3:47 Credit score and finance applications
• 5:17 Ability to afford credit
• 7:16 Creditworthiness
• 8:42 How do the bureaus get to the score?
• 10:55 Credit providers' obligations
• 11:56 How your credit score affects the banks' decisions
• 12:59 What do the score numbers actually mean?
• 16:40 How do you boost your credit score?
• 20:17 Current trends
• 24:22 Is your credit score affected when doing finance applications?
• 27:11 Beware of scams!
• 29:37 Scenario - life happens & I can't afford my instalments
• 31:34 Blacklisting
• 32:27 How does a "fixed credit score" affect an application?
• 34:33 Don't be embarrassed
• 35:19 Don't fear, but be cautious.
• 36:55 Summary