Credit score check report from sanlam credit solutions

A very specific question!

Sanlam Credit Solutions is a credit reporting agency in South Africa, and a credit score check report from them would likely include the following information:

Credit Score: A three-digit number between 300 and 850 that represents your creditworthiness. A higher score indicates a better credit history and a lower risk for lenders.

Credit Report: A detailed report that includes:

  1. Personal Information: Your name, ID number, address, and contact details.
  2. Credit Accounts: A list of all credit accounts in your name, including:
    • Credit cards
    • Loans (personal, vehicle, home, etc.)
    • Store accounts
    • Utility accounts (e.g., electricity, water, etc.)
  3. Payment History: A record of your payment history for each account, including:
    • Late payments
    • Missed payments
    • Accounts sent to collections
  4. Credit Inquiries: A list of all credit inquiries made by lenders or other organizations in the past 12 months.
  5. Public Records: Any public records related to your credit, such as:
    • Court judgments
    • Bankruptcies
    • Foreclosures
  6. Credit Utilization: A calculation of your credit utilization ratio, which is the percentage of available credit being used.
  7. Credit Age: The age of your oldest credit account and the average age of all your credit accounts.
  8. Credit Mix: A breakdown of the types of credit accounts you have, such as credit cards, loans, and mortgages.

Credit Score Factors: Sanlam Credit Solutions may also provide a breakdown of the factors that contribute to your credit score, such as:

  1. Payment history (35%)
  2. Credit utilization (30%)
  3. Length of credit history (15%)
  4. Credit mix (10%)
  5. New credit (10%)

Keep in mind that credit scores and reports can vary between credit reporting agencies, and Sanlam Credit Solutions may use a different scoring model than other agencies. It's always a good idea to review your credit report regularly to ensure its accuracy and to identify areas for improvement.