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Are you smarter than a Lwando? All things credit with Maps and Lwando

How is your credit score calculated? How do you know if you have too much debt? And why do you need a good credit score in the first place?

Maps Maponyane and Lwando return for a fun and informative quiz show. This is part of a new series that is set to empower your financial freedom.

At its simplest, a credit score reflects your creditworthiness as an individual. It’s based on information provided by credit bureaus like TransUnion and Experian.
 

READ MORE: Get practical tips for creating a good credit score.

 

Know the difference between good and bad debt. Building good debt is crucial for your credit profile and home loans. You’ll need a proper budget and be smart with your credit cards.
 

KNOW MORE: What's the difference between good and bad debt?

 

A rise or fall in the repo rate can affect your debt repayments, savings and investment – the volatility can even affect your ability to buy a property. We demystify the complexity behind interest and lending rates.
 

MORE INSIGHTS: 5 ways the repo rate could affect you

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