Massive Update And NCR Approval

After months of hard work, today we are pleased to announce the release of a new and completely revamped

Our partners, developers and compliance team have worked tirelessly behind the scenes to bring to reality what is without question, the single best consumer credit reporting and education platform in South Africa.

Most of all we would like to thank you our loyal customers who have supported us while we have been making these changes. We look forward to rewarding you with am amazing user experience that will help you make sense of your finances and improve your financial health.

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How to create a dispute with Experian

Experian LogoHaving inaccurate information on your credit report, particularly negative information can seriously affect your ability to obtain credit when purchasing a home or financing a vehicle.

If you believe there is incorrect information on your credit report you can log a dispute.

My Credit Status uses data from Experian so if you see any errors on your credit report that you received from us then you can certainly log a dispute with Experian to get them removed.

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What type of debts affect your credit score and how?

The simple answer is all debt…

Unless you borrow money from a friend or relative, all and any debt will appear on the records of the debt review companies. Put another way, any loan, credit or finance through a registered financial service provider or registered credit grantor will affect your credit score.

They will able to track the details of all loans or credit purchases. They will have aces to open balances, current installments, payment history and total debt.

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Personal Loan Repayment Calculator

Want to get a personal loan but you aren't sure what your monthly payment would be? Use this calculator below to find out what your monthly payments will be.

How to use this calculator:

Enter the loan amount and the interest rate in the form below. For a personal loan in South Africa, the maximum interest rate a lender is allowed to charge is 28%. Some will charge less but you can use this as a base if you are unsure. Lastly, enter the amount of months that you want to repay the loan on and click on calculate.

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Life Insurance Calculator

Do you care for your family? Make sure that they are financially provided for if anything has to happen to you by getting enough life cover.

How to use this calculator:

To determine how much your living expenses and your current family lifestyle is, it's advised that you do a proper budget first. Once you have this information, simply enter the values in the form below and click on calculator to see how much your family will need.

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Credit Card Repayment Calculator

Did you know that the average debt per household with at least one credit card is 75% of the household expenses? 

Not knowing how much you will pay towards your credit card repayments can be devastating to your finances. Use this free credit card repayment calculator to determine how much you will actually pay if you make any credit card debt.

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Retirement Calculator

Did you know that only 6% of South African citizens can retire comfortably? Make sure you don't make the same mistake as the other 94%.

Use our free retirement calculator below to see how much money you need to put away to live comfortably in your old age.

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Becoming A Millionaire Calculator

Want to find out how long it will take you to save for your first million rand? This calculator will show you how long it will take you to reach your first million rand.

How to use this calculator?

Enter the initial investment - this can be any fixed lump sum that you have saved up for. Then you need to enter the monthly deposit that you can allocate towards your savings. 

When it comes to the interest rate you can expect to earn, you need to be realistic as possible. To give you an example, over the last 10 years, the average return on the South African stock market was 10.5% with an average inflation of 6.05%.

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