Store Credit: What it is and how to use it


Store Credit
  • Most of South Africa’s leading retailers offer the option of applying for a store card.
  • Store cards give you the option of special added benefits and discounts when you use it, and many also offer the option of credit in-store
  • Applying for a store card is easy, and usually done in-store or online
  • Store cards can be useful for building up a credit score.

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Spotting Credit Scams


spotting credit scams
  • Never give out your personal information – including your ID number or account details
  • Always verify a spe​cial offer or coupon with the company it claims to originate from (e.g. Shoprite)
  • Check whether financial service providers are adequately registered with the National Credit Regulator (NCR) by clicking on this link
  • Report scams to the relevant companies when you see them to stop the spread of scams.

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What type of debts affect your credit score and how?


debt

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 credit bureaus. 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 agreements. They will have aces to open balances, current installments, payment history and total debt.

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