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A Fin24 user wants to know how she can find out what is on her credit record. She writes:
I have seen your article on Fin24 about credit records.
I would like to clear my debt this year, but have no idea what is against my record.
Do you have a website address I can visit to check what is not paid and what my credit scores are?
READ: Credit record: Affordability key
Kelli Knutsen of Intelligent Debt Management (IDM) responds:
You can try to log in to Experian or Transunion for a free credit report once a year.
You have to pay an additional fee to get a more extensive report, but the free one should suffice.
Once you have drawn your own credit report you will be able to see all of your debts. You will see the credit provider's name, account number, how much is outstanding and the monthly instalment.
You can then use this information to organise your finances.
READ: Bad credit record because of forgotten account
It is always important to know at all times whom you owe money to and make sure you keep up with the payments in order to prevent falling behind and receiving letters of demand or face legal action.
If you are struggling to manage your finances, it is advised that you seek help before it is too late.
DebtBusters, debt counselling company, for instance, can assist you with drawing up a budget, prioritising your debts and renegotiating your repayment terms in order to bring down your interest rates.
This will assist you with meeting your monthly expenses and eradicating your debt.
ALSO READ: Impact of credit amnesty on good credit record
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