Consumer Financial Wellness Portal

Beware…

there are some companies / websites out there advertising that consumers can obtain copies of their credit bureau reports from them at exorbitant fees.

Did you know that: -

• you can request your credit report from any credit bureau directly?
• the Consumer Credit Report price is regulated at R20?
  • Paying up to R100 for something that is supposed to be R20 is ridiculous…
  • Even better, you may qualify for a free credit report with a credit bureau
• if you request your Consumer Credit Report from a credit bureau you will have access to it for 30 days?
• only a credit bureau may sell credit reports?
  • Unless there is a special contract and relationship with a credit bureau.
• requesting your credit report via “un-authorized” parties may negatively affect your credit score?
• when you request your own consumer credit report via a credit bureau, special measures are taken to ensure that your score remains intact.

Now that you know, what are you going to do?

• Help the rest of the consumers and the credit system by reporting these to the National Credit Regulator. These companies pretend to do “legit” business when accessing the information…
• Request your Credit Report from the right channels
• The two main credit bureaus can be found here, TransUnion and here, Experian

Remember this… your Credit Report is an asset!

• familiarize yourself with your credit report,
• continue to monitor your credit report
• so you can maintain a healthy credit identity