XDS is the largest locally owned credit information bureau in South Africa, with subsidiary operations in Ghana, Nigeria and Zimbabwe. ... Get your credit report and score for free on Splendi and access it as many times as you like.
There are four main credit bureaus in South Africa: Experian, TransUnion, Compuscan and XDS.
a) This request can be made by calling XDS on 0860 937 000 or emailing informationofficer@xds.co.za and using the subject : "Data subject access request "or you can register on the XDS Direct to Consumer service “Splendi” at to access your credit report which contains your personal information.
George Roussos, group executive of digital and transactional banking at African Bank, says credit reports from the big four bureaus are limited to one free credit report per year or up to three months access with XDS.
650 – 669 = good. 634 – 649 = average. 618 – 633 = below average. Below 618 = very poor.
although this may vary according to which bank you use. A score of 670+ is considered an excellent credit score, significantly boosting your chances of home loan approval. Scores below 600 would be considered high to very high risk.
The four main credit bureaus in South Africa
There are four main credit bureaus, namely; Experian, TransUnion, Compuscan, and XDS. These are full member credit bureaus and are the most commonly used credit bureaus.
The Credit Center pulls your credit profile from TransUnion, one of the three major credit reporting bureaus, and uses VantageScore 3.0, a credit scoring model developed collaboratively by the three bureaus: Equifax, Experian, and TransUnion.
Kudough provides consumers with the most comprehensive online credit report available, a simple consolidated view, reflecting the scores of South Africa's 4 main bureaus, empowering consumers to understand, monitor, improve and protect their overall credit status.
The minimum credit score for a home loan in South Africa is around 640. A score of 600+ will give you a fair chance of home loan approval - although this may vary according to which bank you use. A score of 670+ is considered an excellent credit score, significantly boosting your chances of home loan approval.
In South Africa, a credit score of between 650 and 669 out of 705 is considered to be "Good". Get into that band and you will get some brownie points from the lenders. If your score is below 528, it is considered "very poor".
What is the Most Accurate Credit Score? Although there are many different scores and scoring models, there is a light at the end of this confusing tunnel. Among all the credit score models, the FICO credit score is used by more than 90% of major U.S. lenders.
If you wish to dispute the information on the report, you should lodge a dispute at consumercare@compuscan.co.za or phone the call centre on 021 888 6000.
Share. Johannesburg, 1 May 2019: Experian today completed its historic acquisition of Compuscan and Scoresharp. The combined organisation will spur financial inclusion across the African region, bringing more people into the credit economy and helping create a better tomorrow for millions of people.
The additional four agencies are PRBC, SageStream, Advanced Resolution Service (ARS), and Innovis. While there are a total of six official consumer credit reporting agencies, only four are widely used. Innovis is the fourth agency used in addition to the main three.
It's impossible to calculate a credit score yourself, but you can monitor your score for free—and the general factors that promote good scores are well known and worth understanding.
FNB has announced it has added several new features to its banking app, specifically under the nav>> Money menu. The app will also let you know what credit you qualify for and how you can improve your credit score. ...
Your score
670 and 739, you have a good rating, and as such, you are not likely to default on your finance agreement. Finance will be approved. 740 and 799, you are very good and likely to receive better than average interest rates from finance houses.
There are three credit agencies which hold credit reports on you: Equifax, Experian and TransUnion (formerly Callcredit). ... Equifax – use Clearscore*, which provides free access to your Equifax report. TransUnion – use Credit Karma, which gives you free access to your TransUnion report.
Credit Bureaus. Credit Bureau is the ultimate Credit Report Guide for South Africa. We are the leading credit bureau partner in South Africa.
A credit score of around 640 to 649 is considered fair credit. Your score is below the national average of 710, but it's not in the “poor” range. You will be eligible for just about any new, used, or refinance automobile loan on the market, but you won't get the best interest rates.
Your score falls within the range of scores, from 580 to 669, considered Fair. A 630 FICO® Score is below the average credit score. Some lenders see consumers with scores in the Fair range as having unfavorable credit, and may decline their credit applications.