Featured News

How To Improve Your Credit Record

How To Improve Your Credit Record

We've just set foot into 2021 and, as usual, many are our resolutions and goals. Amongst those may be the plan to buy a car but you may be feeling apprehensive about your credit rating. Your credit score is an indication of your ability to repay a loan and is a key factor in determining whether or not the banks will finance your vehicle loan. Here, we outline a few tips on how to improve your credit score and improve your chances of getting vehicle finance. 

 

  • Pay your bills on time: Set up debit orders or a monthly tracker to ensure that all your accounts are paid on time. Consistent payments improve your credit score.
  • Budget: If you are in heavy debt, create a strict budget and stick to it until your debt becomes manageable or you are completely debt-free. Cut out unnecessary expenses and limit excessive expenditure.
  • Get out of the blacklist: Contrary to popular belief, the blacklist is not a list - it simply means your credit rating is negative. If you have any judgments against you, ensure that you settle those amounts urgently and get proof of settlement, which you can use to clear the negative listing with the relevant credit bureau.
  • Check your credit report regularly: Assess for any inaccuracies and make sure that it is still up to date.
  • Limit your credit usage: Don't spend all the credit you are eligible for. The recommended ratio for credit usage is 35% i.e. If you have R10000 credit, aim to use only R3500.
  • Limit your credit applications: The number of times you apply for credit reflects on your credit record and may be an indication that you are unable to manage your debt. Rather save to pay off your debts and any unexpected costs. 


Let 2021 be the year you become financially savvy and achieve your financial goals!

Dealing With Year-End and COVID-19 Burnout

Dealing With Year-End and COVID-19 Burnout

Keep your wiper blades protected

Keep your wiper blades protected

Preserve the life of your car battery

Preserve the life of your car battery

Let's get through this lockdown together

Let's get through this lockdown together

The T-Cross – Volkswagen‘s most connected car

The T-Cross – Volkswagen‘s most connected car

SA launch drive: More power (and vrrr-phaa) for Golf R

SA launch drive: More power (and vrrr-phaa) for Golf R

The beach buggy is back, with 21st century flavour!

The beach buggy is back, with 21st century flavour!

Volkswagen launches 1.0 TSI Caddy

Volkswagen launches 1.0 TSI Caddy

2016 MANDELA DAY - 67 MINUTES

2016 MANDELA DAY - 67 MINUTES