Posted by: Godwin | 2013/05/31 14:49
Good day, I would like to find out how can I get my scoring from 631 currently to above 750. I've settled ALL debt that was outstanding according the credit reports on ITC, Experian and XDS.
Currently I dont have any retail accounts on my name, the only info reflecting on my payment profile is my Short term insurance and my Capitec Loan account which is up to date since inception.
I admit I was reckless in the past, however my life has made a 360 turn around whereby famlily and career has taken priority. Curretntly I'm renting a house to valuye of R7000 and would like purchase a house and invest in it.
What advise would you give me?
Posted by: Neil Roets | 2013/05/31 15:06
The longer your records are clean, the better your chances of getting a homeloan get. I would suggest that you visit your bank and apply for a pre-approved bond. If they decline it, ask for the reasons and ask them what you need to do to qualify eventually. You cannot force the bank to grant you a loan and only they would know why they are declining a loan. Therefore they would be in a position to tell you where to improve. The most important thing is not to default on any of your payments, whether you manage to obtain a bond or not. In time your records will indicare that you are credible.
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