Credit health report
A credit report is a detailed account of your credit history. Credit bureaus collect information of all your credit transactions and use it to create your credit report. Credit providers use credit reports to help determine a prospective customer’s creditworthiness.
Understanding your credit health score
Understanding your credit score is critical to your financial well-being and knowing your credit status gives you financial power and options.
When it’s really healthy, you can get access to the credit you need. Because Bayport understands the power of knowing your credit status, we are making it easy for you to get this information. You are entitled to a free credit report once a year from any of the credit bureaus in South Africa. However, as a Bayport customer you can get a report once a month, at no cost.
The score itself is made up of a number of factors, including your credit history, payment history, outstanding amounts, length of credit history, types of credit used and the amount of new credit requested. Once you know this breakdown, you can will start to understand your credit score and making the necessary changes to how you manage your finances.