My Credit Rating Guide

Correct errors You should get a copy of your credit record from Credit Health. Preferably obtain the 2-in1 credit report, which shows your information from both bureaus. Make sure your information is complete and accurate. Ensure that there are no negative listings such as defaults, judgments or collections. If there are, contact Logan Attorneys on to assist you with removing this accurate negative information. debt consolidation and credit

Enquiries Keep enquiries to a minimum. Don t credit surf , or move balances from card to card, or take advantage of promotional low interest rates. Always conduct your credit affairs with a medium to long term view in mind. Too many enquiries make if look like you re shopping for credit. Close unused lines of credit The less availability to credit you have, the less risk you pose to a lender. Keep no more than three credit cards open, and close the newest accounts when conducting this culling . check credit rating

Just cutting up your credit card does not constitute closure of the account. Make sure that you give the bank notice of the closure of the account by registered mail, requesting a return receipt of such notice. Ask the card issuer to close your account, and to issue an advice to the credit bureaus that the account was closed by customer . improve credit rating

Pay off credit cards This shows that you use credit wisely, and are not spreading yourself too thin. Keep your credit limits and your outstanding balances down. Conservative use of credit is important both for your own good and for the promotion of a good credit history and score. Pay credit obligations on time The longer history of responsible use of credit, the better your credit score. The better your credit score, the better access you will have to low-cost financing from credit grantors. The less you pay in interest, the more wealth will be able to build over your lifetime. credit online rating report

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Credit Health About Us Learning Centre Contact Us Affiliates Terms

There are two consumer credit bureaus, namely Experian and TransUnion. Settle your old `legal` debts for up to 40% less than the outstanding balance. Manage your money better, make better use of credit, and retire younger and richer! Get notified immediately of any changes made that affect your financial reputation. Take a quiz that rates your financial ability and find out whether you re a moron or genius. free credit rating report

Learning Centre Welcome to our Learning Centre. Interested in learning more about your credit record, settling debts, or how Credit Health can assist you to achieve financial prosperity The Learning Centre has been created to get you up to speed with these topics. Please click on any of the presentations that interest you, sit back, and enjoy the learning experience. Introduction Your debts what to do about them credit rating scale

Managing your credit record finances About Credit Health Debt Settlement Plan Credit Health Report Why settle your debts Debt Settlement Plan Questions Answers Credit Health Monitor Debt Settlement Plan - an example Credit Health Manager There are two consumer credit bureaus, namely Experian and TransUnion. bad credit rating

Settle your old `legal` debts for up to 40% less than the outstanding balance. Manage your money better, make better use of credit, and retire younger and richer! Get notified immediately of any changes made that affect your financial reputation. Take a quiz that rates your financial ability and find out whether you re a moron or genius. credit rating agency

How the Credit Health Monitor can help protect you from ID fraud for just R33 a month

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• You should KNOW when someone asks to see your credit record - because they must have your permission to do so. Okay, it ll be hidden in the small print of your application for a phone service/credit card/loan/store account ... but it ll be there, somewhere. If your Credit Health Monitor tells you someone s been looking - and you haven t recently ordered a new service/upgrade/new loan/store card/cell phone account etc. - then the person who s looking could well be a crook! credit rating canada

• If payments on an account are being missed, the Credit Health Monitor will tell you. If you didn t even know this account existed, then it could be ID theft. Until you take action, it ll look like you re the thief! bad credit mortgage rating

• The only other way to make sure you know what s going on would be to go to the two major credit bureaus, one by one, paying each time. The Credit Health Monitor saves you the trouble - as well as the cost! good credit rating

WANT TO KNOW MORE

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More information is available in the Learning Centre. Click here to view it. If you want to speak to a consultant for more details, call us on 0860 201 201. credit score rating chart

Protect yourself against ID fraud!

Identity theft is where a crook gets hold of your ID book and uses it to open accounts and run up big bills in your name. How does it happen credit mortgage rating poor

• They steal your ID. good credit rating score

• They steal your mail. poor credit rating loan

• They even go through dustbins! bank credit rating

• They bribe a corrupt official at the Department of Home Affairs to give them duplicate ID books (or better still, to sell them yours). credit card for poor credit

• They fill in an application for a change of address - so you don t smell a rat on your account. business credit rating

• They pretend to be a creditor or employer so they can get your credit report. moodys credit rating

• Say you apply for credit; they can get your details from an employee of the store - an inside job. credit card with bad credit

It takes an average of 14 months before people realize. How do you find out personal credit rating

• Your credit record starts looking bad. unsecured loan for bad credit

• You apply for a loan - and get turned down! credit rating company

• People come after you for the money. canadian credit rating

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• Keep your personal information safe. corporate credit rating

• Report a stolen ID immediately to the police, your creditors, and the SAFPS (South African Fraud Prevention Service) www.safps.org.za credit rating fix

• Check that everything s okay by ordering your Credit Health Report for just R79 Credit Ratings Credit Scores to order! bad credit loan personal

• Once your have your Credit Health Report, make sure you are the first to be told when something changes - for example, when someone applies for credit using your name, or someone asks to see your credit record - these could both be signs of ID theft. credit how improve quickly

• How can you make sure you hear about it right away Order your Credit Health Monitor which tells you about any activity as soon as it happens and costs just R395 a year - which works out to R33 a month. Fill in the form below to order! fico credit rating

Tell us a little about yourself First name Surname ID Number Email Address Re-type Email Address Choose a Password Re-type Password (Code) Number Home phone ( ) Work phone ( ) Fax ( ) Cellphone Physical Address Physical Code Postal Address Postal Code Step 2: easy payment options For your convenience, you can pay either by credit card or by direct deposit. For your peace of mind, we provide a Secure Payment Gateway, and constantly look for ways to enhance security. improving credit rating

Direct Deposit

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If you wish to make payment for your Credit Health Report by direct deposit or EFT, please click on the Pay By Direct Deposit button below. Credit Card mortgage credit rating

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Alternatively, you can make payment through our secure online payment gateway. Simply complete your credit card details and click on the Pay via Secure Payment Gateway button below. average credit rating

Total to be debited: R395 Credit card number: 3-digit security code: Expiry date: January February March April May June July August September October November December / 2007 2008 2009 2010 2011 loan for people with poor

Never send emails which include your credit card details and always safeguard your cards. Banks will never ask any of their customers to send confidential information via email so ignore all requests like this. The website may even have the name of the bank in the URL address but this is no guarantee that the site is legitimate so steer clear of giving your passwords or usernames to anyone. Never shop online at an Internet Caf or public kiosk as key logging software can remember what you typed and allow fraudsters to see what your username and password are. This is a common form of identity theft, where using your actual login details they pretend to be you. Dont click on links to access sites for shopping rather type the url address in yourself. Also dont respond to specials that arrive via email from unknown senders and dont shop with sites or persons that you dont know or trust. No matter how good the deal looks! bureau credit rating

When buying valuable or limited edition items people need to take additional precaution. Be sure that collectible items have a valid certificate of authenticity. Once the item has been paid for and delivered it will be extremely hard to refute this, says Quinton Cronje, Head of Marketing for Clicks. find credit rating

Check your monthly bank statements if you are a regular online shopper and check that each transaction correspond with the amounts you spent online, if there are any suspicious amounts report them immediately to your bank. All banks have 24 hour help lines, so dont wait, contact them immediately. increase credit rating

Make sure that your computer at home and work (and roaming laptops) all have up to date anti-virus software and that this is regularly checked and updated. If all of these steps are followed then online shopping should be hassle-free and fun. Enjoy! credit rating uk

QUICK TIP Ask your HR department about the security of their employee files. If stolen, they could be used to perpetrate ID theft against you or your fellow employees. QUICK TOOL Want NOT to become a victim of cyber fraud Read this article on password protection. Step 1: Evaluate the situation

Consider the answers to the following questions in order to gain a complete understanding of your situation: free credit rating canada

• Exactly how much do you owe right now standard poors credit rating

• Who do you owe it to credit rating numbers

• When do you have to pay credit find fix it rating

• Have you talked to the creditor or about options free credit rating score

• What are the consequences of not paying company credit rating

• How soon will this crisis be over loan for people with bad

Step 2: Investigate your options

Our financial experts have outlined your options for most common types of financial crises: fixing credit rating

• Deep in debt If you have a steady income but have taken on too much debt, then you should develop a plan to pay off the debt over time. Alternatively, you may want to seek the assistance of a registered debt counselor who will be able to determine if you are over-indebted, and will work out a rescheduling of your debt. credit get rating

• Unable to pay small debts If you are unable to pay small debts such as medical bills and credit cards, contact the businesses directly to see if you can work out an agreement. In the case of a utility bill like you lights water or rates taxes, it may be okay to skip a payment in a crisis. Utility bills do not report to the credit bureaus and they only charge a small late fee. It is not a good idea to borrow money from a micro-lender to pay these bills. Instead, see if you can negotiate to pay in a few weeks or borrow from a family member. credit online rating

• Unable to pay large debts In the event that you cannot pay your bond, car or loan obligations, contact the credit providers immediately. Most credit providers have payment arrangement programs set up to help borrowers who are dealing with a temporary financial crisis. You should make every effort to pay a bond or loan payment on time during a financial crisis. Not paying on time can result in damage to your credit report and possible foreclosure of the vehicle or property. Consider using savings, borrowing from a family member, or reducing your expenses in order to pay your loans. Alternatively, you may want to seek the assistance of a registered debt counselor. rating bad credit card

• Legal debts in collections If you have missed several payments and the creditor has determined that they cannot easily collect their debt they often hand it over to collection attorneys or collection agencies. These collections agencies often purchase the debt and take cession from the original creditor. These types of debts become extremely expensive (about 40% per annum), and it is in you best interests to have Credit Health negotiate a settlement with your creditor or collection attorney/agency. This normally takes the form of a once-off settlement negotiation in which the creditor agrees to receive an amount that is lower than the outstanding balance in settlement of the debt. The balance is written off. bad credit rating loan uk

• Job loss In the event of a job loss it will be difficult to make ends meet unless you have an emergency fund set up. If you were retrenched you should see if you qualify for UIF, and should make your claim as soon as possible. You can also contact your creditors to explain that you are temporarily unemployed and to see what sort of payment options they offer. Start looking for a job right away to minimize the amount of time you are unemployed. You should reduce your expenses and, if necessary, borrow a small amount of money to get by until you find a new job. Even if you do have an emergency fund set up, find a job as soon as possible to avoid depleting your saved funds. credit rating services

• Illness When you or a family member falls ill, you may be faced with thousands of rands in medical expenses. Make sure that your medical aid is fully appraised of your situation, and communicate regularly with their accounts department to determine the status of your invoices paid or unpaid covered or not covered. Keep in mind that you are ultimately liable for medical bills even if your insurance should cover the expense. This means that an overdue invoice could be sent to a collections agency/attorney and could damage your credit record. credit rating in canada

Step 3: Take action

There are several options available to help you manage a financial crisis and fund your necessary expenditure. fitch credit rating

• Savings Deciding to access savings during a financial emergency may seem like a bad idea, but it is actually a smart move in some situations. Although you will lose the interest on the withdrawn funds, you will not have to pay interest on funds borrowed. credit rating definition

• Home bond If you are a homeowner and you have equity in your home, then this is the cheapest form of financing available. Having equity in your home means that the market value exceeds the outstanding balance on the bond. Most banks will allow you to borrow up to 80% of the market value of your property. So if your bond value is currently R200 000 and your home is worth R500 000, then you could borrow a further R200 000 in the form of a second bond. Remember to be very careful about borrowing money against your home. If you cant afford the repayments and you default this will likely result in the loss of your property to the bank. credit range rating

• Friends and family You may need to turn to a friend or family member to support you during your time of need. This may be especially true if you have already been listed on the credit bureaus and you cannot get access to finance from the banks. They say that a friend in need is a friend indeed, and you can perhaps return the favour one day. credit rating insurance

• Credit cards Although credit cards are a relatively expensive form of financing, it is one of the most readily available, and may be just what you need in the short term. Remember to pay off the money borrowed as quickly as possible after you have overcome your financial crisis. bad credit rating repair

• Overdraft This is a similar option to credit cards, with rates varying around 3 8% above the prime rate of interest. fico score credit rating

• Debt help Credit Health has an entire section of our website dedicated to debt assistance and services. Read articles about taking control of your debts and compare debt reduction solutions. credit rating chart

Remember that during a financial crisis borrowing money is only the short term solution. Ultimately, the only way to overcome a financial crisis is to raise your income above your expenses. If you take a step back and consider all the options available to you, you can take control of your financial crisis. Dont let a short-term money problem turn into a long-term nightmare. If you have questions about your situation and what services are right for you, contact our customer service team for assistance. bond credit rating

The Sheriff will need to write up a list of assets that may be sold by public auction to satisfy the amount of the judgment. You can stop this process at any time by paying the amount claimed, in full, to the creditors attorney and providing the Sheriff with a copy of the proof of payment. The creditors attorney will then instruct the Sheriff to release the goods and you will then be free to do with them as you please. Once the list has been made you cannot sell any of the items on the list or remove them as they have been attached by court order. equifax credit rating

Checking who owns the goods

After the Sheriff has written up the list you can check that the goods attached actually belong to you. Any goods that do not belong to you may be removed by the Sheriff on submission by you of an affidavit setting out which of the goods does not belong to you and whom the goods actually belong to. It helps to attach proof of another persons ownership to this affidavit. Once the Sheriff obtains this affidavit from you they will send it to the creditors attorney and will usually release the disputed goods from attachment. Often the creditors attorney will call for a hearing to determine if you really do not own the goods and provided you can substantiate your claim the court will order the release of the disputed goods from the Sheriffs attachment. credit loan rating score

The Sheriffs estimated value for each of your possessions will be substantially less than the market value but as the goods ate sold on auction this is usually an optimistic assessment of how much will be paid for the goods. aaa credit rating

Removal of attached items

Generally the Sheriff will not remove the goods they have listed until they have given the creditors attorney the list and obtained their instruction to proceed. The creditors attorney must usually request the Sheriff to proceed and provide the Sheriff with an undertaking to pay the Sheriffs fees. Once the Sheriff has this he or she will return to collect the attached goods and arrange for them to be stored pending their sale. Again, you can easily stop this process by making payment but until the judgment amount is paid the Sheriff will have no choice but to remove the goods. Once the Sheriff has removed the goods he or she will store them and you will have to pay the Sheriffs fees incurred in removing and storing the goods should you want the goods to be released (having first settled the judgment amount). credit card company rating

Sale of removed items

The Sheriff will normally arrange for the sale and give notice both in the newspaper and at their office. It is important that you settle the judgment debt before the sale as the sale cannot be cancelled unless you do so. Getting your assets back If you cannot raise the money to pay the debt you can arrange for family or friends to attend the auction and buy the goods from the Sheriff. It may well be worthwhile to do this as your friends and family may be able to buy back your goods at bargain prices and as the goods will then be legally owned by them they cannot be attached again by the Sheriff. Your friends and family can then loan the goods to you on terms you arrange with them. Be careful not to buy back these items from your friends until the account is settled as the Sheriff can attach anything you own and resell it. credit rating system

Putting your administration or sequestration behind you

By Credit Health Sometimes when your creditors cannot be paid and you have no other option your only choice is to be placed under Administration (where your debts are less than R50 000) or to apply to be Sequestrated. In both cases your creditors are entitled to receive payment of their debts or a portion of their debts depending on your financial circumstances. Once the creditors claims have been settled you can apply to be rehabilitated. free canadian credit rating

In the case of Administration the rehabilitation normally takes place through the issue of a section 74U certificate but sometimes, where the Administrator is unwilling to issue the certificate, you have to apply for the Administration order to be set aside. This can also be done where the Administrator has failed to render proper accounts or to distribute your payments properly. You can also apply to have an Administration order set aside where your financial circumstances have changed for the better and you wish to take back control of your finances. Once the Administration Order has been set aside your creditors will be entitled to collect any unpaid monies from you by taking legal action. It is therefore important that you first ascertain what is owing to each creditor before you have the Administration order set aside. Doing this homework is crucial as you do not want to have to seek to be placed back under Administration because you cannot pay your creditors. Remember that your Administrator is entitled to a collection commission or administration charge equal to 10 percent of their amount collected. So this may be why many Administrators prefer their clients to remain under Administration rather than being rehabilitated and paying their creditors directly. Lastly, note that your Administrator is not entitled to hold back any monies from creditors and must give both you and creditors a full account at least quarterly and file this with the court. check your credit rating uk

Sequestration, like Administration, results in a negative marker (called a notice) being added to your credit profile for ten years. This notice alerts creditors that you are not legally entitled to apply for or be given credit. Unlike Administration, when you are rehabilitated the notice is not completely removed and is simply changed to reflect that you have been rehabilitated. This rehabilitation notice remains on your credit record for five years from the date of rehabilitation, so the sooner you apply to be rehabilitated the better. Unfortunately the rehabilitation process is far more complicated when you are Sequestrated and your Trustee must give the High Court a report agreeing to the rehabilitation and setting out whether the claims made by creditors have been satisfied. Generally the rehabilitation of a sequestrated or insolvent estate requires that notice be given to all creditors and that advertisements be placed both in the Government gazette and local newspapers. The idea is to ensure that your creditors are not prejudiced by the application. Once all the papers have been drawn up your lawyer will have to appear and motivate reasons for the court to grant the rehabilitation. Provided at least two years have passed since you were declared insolvent, the court may issue a rehabilitation order. repairing credit rating

As explained above the rehabilitation order reflects on your credit record for five years and is then removed. However, as soon as the rehabilitation order is granted you are legally entitled to apply for and be given credit. It is important to note that many creditors will not grant you credit immediately and will wait until you have built up a positive payment profile. credit rating australia

The sooner you begin the rehabilitation process the better. That said, you should only make application to be rehabilitated when your financial position has improved. Take maximum advantage of the legal protection afforded to you by the court and ensure that you are able to meet your financial obligations. Once the rehabilitation is granted you should congratulate yourself on surviving this ordeal and resolve to ensure it never happens again. Whatever you do, try not to find yourself in the same position as you may be labeled a serial insolvent and barred as a fraudster from the financial community. credit rating information

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Learning Centre About Credit Health Credit Health Manager Debt Settlement Plan - example Debt Settlement Plan - Q A Why settle you debts Top 5 Questions understanding credit rating

1. Why should I repay my debts
2. What are my options when settling old legal debts
3. Whats the difference between current debts and old debts
4. Can the National Credit Act help me deal with my creditors
5. What are my rights as a debtor

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How do I settle my debts Clearing my credit record Consolidation loans Repaying debt and building wealth The Debt Settlement Plan Im being chased for money by my creditors. What are my options Getting ahead Overcoming challenges Planning for retirement

Learning Centre About Credit Health Credit Health Manager Debt Settlement Plan - example Debt Settlement Plan - Q A Why settle you debts Help us help others ... and make money! The Credit Health Report is the first step towards getting back on track to your goals. credit card reward rating

Thats because the Credit Health Report puts the control back in your hands. As a member of the public, the credit bureaus hold information on you that may be incorrect or out of date and which can affect your chances of getting a bond or car finance or any other kind of loan. Yet you may not even be aware that this information exists, and you certainly have no automatic right to see whats being said about you! free online credit rating

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