Blog posts in Financial Technology

When last did you visit your local bank branch? A few months ago? Longer? Were it not for that constraint to have a stamped bank statement or any other small necessity every time you try to do something, you likely wouldn’t have visited a branch in quite some time. Are bank branches even still necessary?

By managing your credit profile effectively, you can ensure your image and profile is kept to a high level of quality and is viewed favourably by lenders or other organisations when they decide whether to lend to you.

Global information and insights company, TransUnion, has partnered with South Africa’s biggest financial marketplace, Fincheck, to make the credit application process easier and less frustrating for consumers.

On Wednesday, 19 August 2020, there was a data breach at one of South Africa's leading credit bureau's.

Sticking to a monthly budget is a sure way of getting your finances back on track. But, unfortunately, it's something a lot of us are not disciplined enough to follow! Even here at Fincheck, we sometimes have to give ourselves a little kick to stick to our personal finance goals!

In this series, we've tackled the credit health topic, helping you understand all things credit! In this post, we're looking at how the MyFincheck Credit Score Tool will help you build a better financial future!

In this post, we'll dig a bit deeper into your credit report and where all this information comes from!

Simply put, a credit score reflects a score summary of all your financial decisions. It is often used by lenders, such as home loan and personal loan companies, to make accurate decisions on whether they should lend to you or not.

It's now more important than ever to take control of your finances and build a better financial future with economic turmoil always around the corner.

It's more important than ever to take control of your finances and build a better financial future with economic turmoil always around the corner. This is one of our main reasons for building this tool and the Fincheck platform - to help South Africans be better prepared with their finances.

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Fincheck is a financial comparisons website that organises information to assist the borrower in making their best financial decision.

Fincheck gathers information from numerous banking partners and presents it to the borrower in a simple, understandable way. Lenders benefit from an additional market place and extensive customer reach. Loan amounts vary from lender to lender. Fees, interest rates, loan amounts and credit scores influence the repayment terms. Lenders require personal details to control their risk and assist the government to combat theft, money laundering, terrorism. Fincheck does not endorse any particular product or company. We are an independent company. The information shown and provided is an opinion, based on numbers and must not be seen as advice or consultation.