7 tips to fix your credit score.| Credit Health js\pdfjs\2.10.377\build
It's important that South African citizens take note of the value of maintaining a healthy credit score
Get your credit score right.
Your credit score is important. A good credit score will help you access credit, loans, and other financial services which can improve your life and pay for life’s essentials.
It's important that South African citizens take note of the value of maintaining a healthy credit score in order to secure loans, mortgages, and vehicle finance.
Here are 7 steps that can help you out:
1.	Always pay on time
You should be aware that a significant part of your credit score is determined by your payment history. You will have to make sure that you stick to making your monthly debt payments on time and in full so as not to harm your credit score.
2.	Avoid going to court
Make sure that you never get charged with a court order. You will do a lot of damage to your credit score this way which can take years to fix
If you run into extra money such as a bonus, overtime, or tax refund, consider contacting Credit Health so that we can assist with debt settlement. Credit Health will negotiate a settlement amount with the various credit providers to get you the best once off settlement amount.
4.	Keep your credit limits high and your due amounts low
Don’t ask your creditors to lower your credit limits. Rather, just minimize the amount borrowed. This way your monthly repayments are low but you still have access to the higher credit limit.
5.	Close unused credit accounts
The fewer accounts that are associated with your name, the higher the chance of increasing your credit score. This is why you should cut up all cards that aren't in use and ask the lender to report your account as closed or inactive.
6.	Pay twice a month
Looking at your loans at the end of the month when it is time for repayment might come as a shock. It is good practice to look at your loans and credit cards throughout the month so you can stay on top of your spending. Wherever possible, put money back into your loans and credit cards during the month to ensure you don’t overspend.
7.	Get a copy of your credit report
We would strongly suggest you obtain reports from all the major credit bureaus. It's important to know exactly where you stand on the credit ladder before you can attempt to improve your score. If you have any questions about your credit score or how to improve it, you can always contact Credit Health. We’re here to help you fix your credit score.
We hope that you found our post on how to fix your credit score informative and helpful! If you have any questions about your credit score or how to improve it, you can always contact Credit Health. We’re here to help you fix your credit score.