Publish Date: 07/03/2019
As we stay home to protect ourselves and our loved ones from Covid-19, it’s important that our finances are protected too! Maintaining a good credit score may be a little harder than normal during this pandemic, but if we can make small changes to our daily, weekly, and monthly financial decisions, we will come out of this Lockdown with our credit reports in rude health.
So, where do you start? You need a plan! Instead of just skipping payments, use this time to sit down with your finances – look at your bank statements, your salary and your financial commitments, then think of how the below four strategies can help you to protect your credit score.
Even through tough times, it’s important to monitor your credit usage and payment habits! Your credit report can give you a clear picture of how well you are managing your finances. Download it for free here - it’s available to all South Africans. Checking your credit report can also help you to discover if you’ve been a victim of identity fraud. The earlier you spot this, the sooner you can contact the bureaus, fix the errors in your credit report, and stop money vanishing from your account.
About African Bank
Our mission is to be a successful Retail Bank offering a wide range of products and services to the consumers of South Africa. The people who work for African Bank represent the diverse population of South Africa; therefore we are a reflection of you, of all South Africans. We seek to provide value - more than our consumers expect of us. We promise to live our purpose 'humanity through banking' in all that we do and we are confident that we can, because 'We are You'.