How to rebuild a good credit score after a rough time

Africa Melane interviews Annaline van der Poel from Debt Rescue.

  • Rebuilding a Bad Credit Score is Possible with a Little Time and Consistency

  • Make sure you continue to pay at least the minimum amounts, preferably more, of all accounts and debts

  • Pay your insurance premiums and mobile phone contracts on time every month

  • Don’t apply for credit too often and don’t apply to too many credit providers

© melpomen /

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It’s not easy, but you are getting out of your debts; How can you start to build a good credit score?

Consumers active in credit in South Africa are entitled to one free credit report per year – click here for yours.

A credit report will show who your creditors are, your payment history (according to creditors) and if you have any unfavorable listings such as, for example, being a slow payer.

If you do not agree with the information, you can register a dispute.

Your credit report is a very important part of your financial life; credit providers have definitive access to it when they make their decisions.

Africa Melane interviewed Annaline van der Poel from Debt rescue (scroll to listen).

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If you are done [paying off] all your debts, make sure you continue to pay all your monthly accounts, your insurance, your cell phone …

Annaline van der Poel, Debt Relief

Your credit score becomes important when negotiating interest rates …

Annaline van der Poel, Debt Relief

It’s entirely possible [to rebuild a poor credit score] … Start with something small… like a cell phone or insurance… Make sure you pay on time, every month. Pay at least the minimum amount. If you can pay more, it’s even better …

Annaline van der Poel, Debt Relief

If you apply for credit and are refused; you are entitled to reason… This is your chance to see what to work on to improve your credit score.

Annaline van der Poel, Debt Relief

Applying for credit too often can have a negative impact on your credit score. And apply with too many places at once too …

Annaline van der Poel, Debt Relief

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