Magauta Mphahlele - Credit Scores Decoded: How to Build, Check & Fix Yours

Loading player...
In this essential podcast episode, Magauta Mphahlele (Executive Director of SACCRA) breaks down everything you need to know about credit scores in South Africa. She shares:

* Why Credit Scores Matter: Even if you prefer cash, a good score is crucial for home loans, business funding, and student loans.

* The Magic Numbers

800–950: Excellent
600–800: Good
500–600: Fair (needs work)
300–500: Poor (fix urgently)

How to build Credit from Scratch: Start with a retail store card (e.g., clothing account) or cellphone contract—pay on time to avoid interest.

Mistakes to avoid and how to get Free Credit Reports: Check yours annually via credit bureaus or bank apps—dispute errors for free.

Magauta Mphahlele says: "Don’t take credit just because you qualify—borrow only what you can repay!"
13 Aug English South Africa Religion & Spirituality · Christianity

Other recent episodes

DR. RINA DE KLERK-WEYER - Self-Aanvaarding: Wees Vry om Jou Ware Self te Wees

Hoe stop jy die eindelose kritiek in jou kop en leer jy om jouself regtig te aanvaar? In hierdie insiggewende gesprek praat Dr. Rina oor die fundamentele rol van self-aanvaarding om gesonde verhoudings met jouself en ander te bou. Sy verduidelik hoekom dit noodsaaklik is om jou "swakpunte" as "groeiareas"…
29 Sep 16 min

Mirka Returns with 'Phoenix': A Nashville-Based Artist's Love Letter to South Africa

After a 12-year hiatus, South African-born, Nashville-based artist Mirka returns with her eighth studio album, 'Phoenix.' In this interview, she discusses the personal journey that led her away from and back to music, explaining the album's theme of resurrection and hope. Myrka shares the inspiring story behind her anthemic new…
26 Sep 14 min

From SA to the USA: Chané B's International Music Breakthrough

In this inspiring interview, South African artist Chané (now known professionally as Chané B) details her unexpected and successful two-month trip to the United States. What began as a church-connected visit to Florida evolved into a major music breakthrough, connecting her with a Dove Award-winning producer (Andy Anderson, who has…
19 Sep 12 min