SA has 23 Credit Bureaus, why are these 4 important to you?

So what is a Credit Bureau anyway?

Credit Bureaus collect and stores credit data, supplied by Credit Providers, which is used to record how you manage credit and is presented as your Credit Score. And then again used by credit providers who use it to approve or decline your application

Why are there 23 Bureaus?

Basically its just a compliance thing, meaning there are a bunch of businesses which are only registered as Credit Bureaus because of the information they manage, not their function in the market. So, you pretty much don't have to worry about 19 of the registered Credit Bureaus. The ones that count are: TransUnion, Experian, Vericred and XDS.

99% of all credit enquiries are dealt through by them.

4 Credit Bureaus = 4 Credit Scores

Each Credit Bureau is generally more closely affiliated with one or more major South African Bank or credit provider. So, depending on who you bank with or get financial services from, you need to see what your bank or credit provider sees.

1 Kudough Report + 1 Comprehensive Score

Kudough Credit Solutions provides a single comparative view of your Credit Status by pulling in your Credit Information from each of the 4 main Credit Bureaus, and compares them side by side. This comprehensive Credit Report not only provides you with the most accurate credit information available on you personally, it also directs you in how to improve your credit status. Its simple and quick, saving you the time and hassle of having to; register with four Bureaus, get a Credit Report from each and then try figure out what your actual Credit Score means.

Kudough lets you get it all in one place!

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