Money Smart

Earning bad credit can affect all of the big purchases you make in your life such as buying a house or taking out a loan. Therefore, it is important to keep track of the status of your account. However, staying updated with the state of your credit account can be a hassle.

Money Smart offers customers a monthly credit report at the cost of R59 per month. The payment can be once off for the month, or monthly, allowing customers to have the freedom of not being bound to a contract. The monthly credit report allows you to discover your credit score, begin to pay your debts, and gain tools for maintaining a good credit score.
Money Smart’s monthly credit report consists of the XDS credit score in order for customers to keep track of their financial status, a list of all of the user’s creditors and debts, a progress report on payments ┬áthat are made, and a Monthly Action Plan that enables customers to pay their debt more rapidly.

There are three ways that customers’ bank account activities can be transferred to the credit report:

  • CSV accounts: internet banking statements can be uploaded on to Money Smart via CSV format.
  • Automatic connection: once connected to an internet banking account, the transactions will be downloaded into the Money Smart dashboard.
  • Manual accounts: hard copies of financing activities.

This credit report service is trusted by VeriSign, TRUSTe, and Norton Secured. Therefore, it can be trusted by many citizens who need help on how to improve your credit rating.