Credit Build Up

vorman

vorman

Expert Member
Joined
Jul 14, 2016
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Location
Cape Town
I need to build a credit record/history, whats the best way to do this?

Does purchasing items on Straight Credit Card help in any way? or does it have to be budget purchases that i pay back monthly?

Edit: I've got Telkom, ISP and DSTV already
 
Last edited:
Similar question to OP. Pretty much all our financial stuff is in my name. With our recent switch to eBucks my wife's stopped using her own credit card, so I'll be closing that.

Any suggestions to maintain / build her credit record? I was thinking to at least switch our DSTV (just the R29pm package) to her name.
 
Speedster said:
Similar question to OP. Pretty much all our financial stuff is in my name. With our recent switch to eBucks my wife's stopped using her own credit card, so I'll be closing that.

Any suggestions to maintain / build her credit record? I was thinking to at least switch our DSTV (just the R29pm package) to her name.
Click to expand...

Lol my DSTV is also the R29p/m package
 
You don't have to maintain a credit record. You just have to, in the past, not miss payments etc and have a clean record. So if your wife (or yourself) previously had debt, paid it off and closed the accounts, nothing to worry about maintaining anything.

Stop giving DSTV money, it's a waste.

Telkom is enough to "maintain" a credit record I guess
 
I started knowing about dstv on credit report after I stopped paying them.
 
vorman said:
Cheque account? How does that help, I'm not borrowing money? Ohh you mean overdraft?
Click to expand...

No, not overdraft. Somehow record of your financial affairs (for lack of better word) is kept with a cheque account, not with savings. This is what the lady at the bank told me. You can build up a record with a cheque account. I didn't need to do it by the time I switched to a cheque account, so I might well have misunderstood her.
 
zizebra said:
I started knowing about dstv on credit report after I stopped paying them.
Click to expand...

That's with most companies. It's called a credit record for a reason. They blacklist you for non-payment. What is really crappy is, DSTV is a month-to-month pre-paid thing, it doesn't incur extra costs like a telephone call etc would do (and why it is usually post paid), so not paying them shouldn't get you in hot water unless you signed a contract and then stopped paying?
 
DSTV will do nada for your credit record, unless you are on the Explora 24 month contract deal.
 
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