What is on your credit summary

accreditation
Cape Town - The credit summary section of your credit report summarises information about the different types of accounts and includes the number of public records as well as defaults against you.

Your credit summary will also contain the number of accounts you have, any defaults and/or judgments listed against you, the number of enquiries made on you by lenders within the past two years.

Factors affecting your score include the way in which you manage your existing accounts (if you pay your accounts on time, by the due date every month), how much debt you have, how long you've had accounts and what type of actions has been taken by lenders against you such as defaults or court judgments.

The most damaging is the negative information, which indicates that you have not kept to your agreement with the lender and they have opted to take action against you by meand of defaults or judgments.



Also on your credit report:
* Personal information;
* Defaults and public records;
* Credit enquiries;
* Account history or Payment profile.

(Source: TransUnion)

- Fin24

Help us help you by taking our second annual Debt survey and you could win R3 000, or add your voice by  sharing your debt  experiences, debt-busting tips and insights. Have a question? Ask our experts.

We live in a world where facts and fiction get blurred
In times of uncertainty you need journalism you can trust. For 14 free days, you can have access to a world of in-depth analyses, investigative journalism, top opinions and a range of features. Journalism strengthens democracy. Invest in the future today. Thereafter you will be billed R75 per month. You can cancel anytime and if you cancel within 14 days you won't be billed. 
Subscribe to News24
Rand - Dollar
16.27
-0.6%
Rand - Pound
19.95
-0.9%
Rand - Euro
16.96
-1.0%
Rand - Aus dollar
11.26
-0.6%
Rand - Yen
0.13
-0.8%
Gold
1,800.26
-0.6%
Silver
21.09
-0.1%
Palladium
1,928.50
-1.0%
Platinum
937.50
-0.8%
Brent Crude
111.22
+3.4%
Top 40
62,094
+0.2%
All Share
68,795
+0.2%
Resource 10
70,885
+0.2%
Industrial 25
77,020
-0.0%
Financial 15
15,838
+0.7%
All JSE data delayed by at least 15 minutes Iress logo
Company Snapshot