How can I improve my score?
Credit scores go up and down over time, and improving your score is usually about building healthy financial habits consistently.
The best way to improve and protect your score is to manage your money and credit responsibly over time.
Here are some simple things that can help:
- Try to pay your bills and credit accounts on time every month. Even small missed payments can affect your score
- Only borrow what you can comfortably afford to repay
- Keep your credit usage at a healthy level. Using some credit is normal, but consistently using most of your available credit can negatively affect your score.
- Some lenders suggest keeping repayments between 20% and 30% of your income. For example, if you earn R5,000 per month, you may want to aim to keep repayments between R1,000 and R1,500
- Avoid applying for lots of credit in a short space of time – including retail/store accounts. Too many applications can make lenders think you’re relying heavily on credit
- Keep your personal details up to date, including your address and contact details
- Regularly check your credit report to make sure the information is accurate
- If you’re struggling financially, speak to your lender as early as possible. Payment arrangements are usually better than simply missing payments
- If you’re under debt review, focus on maintaining your repayment plan consistently over time
Improving your score usually doesn’t happen overnight. Small positive habits over time can make a big difference.