18 Jun How to Check Credit Score Online for Free?
How does one check their credit score online for free? To check your credit score online for free, use an online credit checker. If you’re thinking of applying for finance, a rental property, or even a new job, it’s important to check your credit. Credit is an indication of how responsible you are with credit. If someone like a landlord, employer, or lender pulls your credit report and sees derogatory marks, a bad score, or a bad payment history, they are very unlikely to rent you an apartment, loan you money, or give you the job.
It’s even worse, or even embarrassing if they check your score and you have no idea that your credit was that abysmal. So, how can you get a free online credit check?
Use A Free Online Credit Checker
To check your credit score online for free, you should use an online credit checker. Credit Boost has partnered with XDS– that’s Xpert Decision Systems– to provide a free, secure and accurate credit report to all of our clients. It’s easy to read and all-inclusive. You’ll see what the people who matter most in your financial life will see, including your payment history, like whether you pay late or on time (or even defaulted), derogatory marks, such as debt reviews, judgments, defaults, and even bankruptcy and collections.
How Do Online Credit Checkers Work?
With Credit Boost’s credit checker, we’ll use your ID number to reference XDS’ database. Their database is the most reliable one in South Africa, incorporating analytics from the National Loans Register (NLR), the South African Credit and Risk Reporting Association (SACRRA), and director data from the Companies and Intellectual Property Commission.
We chose XDS because they align their values and operations with global best practices thanks to the founder’s extensive experience in global finance industries. Having worked in the USA, Europe, Australia, Asia, and African markets, he is well acquainted with the financial landscape.
What if There Is Incorrect Information on My Credit Report?
If there is incorrect information on your credit report, like a wrong name, address, or account information, it is up to you to dispute it with the bureaus. You should get in contact with them via their websites or telephonically. Present the evidence supporting your dispute, such as paid-up letters from creditors or clearance certificates. Then, wait the allotted 21 days the National Credit Regulators (NCR) has given the bureaus to investigate your dispute.
If the bureaus do not investigate your dispute within 21 days, it is an offence. If they do not rule in your favour, you can escalate your dispute to the Credit Ombudsman, a free service available to South Africans that helps consumers argue in favour of their dispute.
Why Check Your Credit?
You should check your credit regularly to investigate whether there is unauthorised activity on your account. You can investigate this by checking for false balances, which indicate that someone else has been using your credit accounts. You should also check for incorrect addresses, names, or hard enquiries.
Get your credit report in as little as 10 minutes today with Credit Boost’s free online credit checker. Simply enter your ID number and cellphone, and one of our friendly team members will give you a callback.