Credit score | Woman using credit card to pay on her cellphone

01 Apr 2022

Discover how to build your credit score in South Africa

At some point in your life, you may need to make debt, to purchase a car, an apartment, or a house. When you apply for a loan, you will need a healthy credit score to get financing. In fact, your credit history will determine the type of interest rate you are offered when paying back the money you borrowed.

Following sound credit principles will help you secure a better rate, manage your debt and financial obligations better and help to build a strong credit score.

 

Watch the video

 
Selae Thobakgale hosts this episode of In conversation for young professionals. She is joined by Paballo Makupu, Financial Solutions and Innovation Manager, and Richard Davidson, Credit Risk at Investec Private Banking.


 
Selae Thobakgale hosts this episode of In conversation for young professionals. She is joined by Paballo Makupu, Financial Solutions and Innovation Manager, and Richard Davidson, Credit Risk at Investec Private Banking.


  • Skip ahead

    [01:02]  What is a credit score?

    [01:51]  Do you always take the loan you qualify for?

    [02:35]  Good credit principles to live by

    [03:40]  How do you build a reputable credit score?

    [04:35]  How does your credit score work as a couple?

    [05:04]  Good debt vs bad debt

    [07:44]  Taking out debt for somebody else

    [08:23]  Knowing your credit score

    [08:47]  Financial planning – how do you do it?

    [10:09]  Debt review or liquidation – what do you need to know? 

    [10:48]  Credit cards

    [12:15]  How do you improve your credit score?

    [14:14]  Top tips on credit

Listen on the go

Selae Thobakgale hosts this In conversation for young professionals credit score podcast.

Watch the full series

Building good credit starts with sound credit principles. Learn how to build your credit score, and understand and manage debt as you apply for loans, such as vehicle finance or a home loan.

“Don’t go into debt trying to look rich.” – Paballo Makupu, Financial Solutions and Innovation Manager.

Interested in becoming an Investec Private Banking client?

Get started today

Find out how to qualify for an Investec Private Bank Account.

 

Watch more episodes from the In Conversation for Young Professionals series

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Disclaimer

Investec Private Banking, a division of Investec Bank Limited registration number 1969/004763/06. Investec Private Banking is committed to the Code of Banking Practice as regulated by the Ombudsman for Banking Services. Copies of the Code and the Ombudsman's details are available on request or visit www.investec.co.za. A registered credit provider registration number NCRCP9.

Investec Life Limited, a member of the Investec Group, is a registered Long-term Insurance Company (Reg.No. 1944/017130/06) and an authorised Financial Services Provider (FSP number 47702). The video on this page contains factual information and should therefore not be regarded as financial advice. Terms and conditions apply.

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