Getting The Most Out Of Your Credit Status.

So we have all hear about this thing called a credit status, we all have one, some good, some bad. Have you ever tried asking someone what makes up a credit status and therefor why some are better than others?Kudough (www.kudough.co.za) is an online resource for consumers to understand, monitor, improve and protect their credit status. Kudough provides an interactive web experience with debt management tools to guide everyone on the journey to powerful credit.

Chris van Rensburg CEO of Kudough stats that the South African consumer is on average not credit or financially savvy. Even since the implementation of the National Credit Act, little has been done to fill the gap between good personal financial management practices and a good credit status.

With in-depth knowledge and understanding of the credit quagmire, Kudough set out to quantify a credit status. By using data from 4 major credit bureaus, credit scores, debt risk indicators and an affordability index, Kudough has developed the Kudough Credit Status. The Kudough Status is a ranking which plots each consumer from A+ (Excellent) to an F (Poor) which for the first time allows consumers to really understand their credit standing.So now that you know your status, what is next? Some statuses are easier to improve than others, a judgement or a default may be difficult and costly to remove. Sometime the consumer’s means to address the current status are limited, again increasing time to improve. Kudough has made this easier through, with the patented Status Simulator, Kudough will show you which elements are impacting your status, allow you to manipulate each element and set your improvement plan. Kudough will track and monitor your progress for the duration of the plan with a wealth of online and call centre support, improving your credit status has never been easier says van Rensburg.

With a multitude of product options a personal credit coach or just access to sound advice, Kudough caters for every consumer need from A to F.

For consumers, Kudough places the power back in their hands by empowering them to address their financial needs with an intuitive system and offering.For business, it allows you to provide your clients with a service and tool which will educate, inform and drive behaviour change which will have a direct impact on debtor performance and bad debt.

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