20 Feb Protect Yourself from Fraud with Free Credit Checks

Posted at 10:08h in Credit Score by

Take measures like regularly monitoring your credit report with a free credit check: your financial security alarm, alerting you to any suspicious activity that could indicate fraud. Credit card fraud remains the most common form of identity theft, accounting for 43.7% of cases, reports FTC. Experian, one of the world’s biggest credit bureaus, says the average cost of a data breach globally reached R77,521,900 in 2023. Data breaches and phishing are more prevalent than ever–your bank logins and credit card details are likely floating around the net as we “speak”, easily accessible to anyone with malicious intent. This is why it’s crucial to be proactive when protecting your financial data against fraud.

How a free credit report is your go-to defence against fraud

Your credit score isn’t just a number; it’s a three-digit key to unlocking financial opportunities like loans, mortgages, and even employment. When you know your credit report is clean and free of errors, you gain peace of mind and the confidence to pursue your financial goals without fear of hidden fraudulent activity. A stolen credit card used for a small purchase can quickly escalate into a larger issue if left unchecked.

It’s easy to check your credit report multiple times a year. In fact, South African legislation mandates that every credit bureau is obligated to provide you with one free credit check per year. That’s why Credit Boost is able to offer you a credit check for free–no middlemen, no credit card, and no hidden costs.

Consider setting reminders to check your credit score once every few months, just to be safe. Be smart, don’t only check your credit report once per annum. Vigilance is key to stewarding your credit well.

Protect yourself from fraud with a free credit check.

By making free credit checks a regular part of your financial routine, you’re taking an essential step towards safeguarding your information and securing your financial future. Don’t wait for strife to strike–get a free credit report right here, right now, from an authorised national credit regulator.