In this essential podcast episode, Magauta Mphahlele (Executive Director of SACCRA) breaks down everything you need to know about credit scores in South Africa. She shares:

* Why Credit Scores Matter: Even if you prefer cash, a good score is crucial for home loans, business funding, and student loans.

* The Magic Numbers

800–950: Excellent
600–800: Good
500–600: Fair (needs work)
300–500: Poor (fix urgently)

How to build Credit from Scratch: Start with a retail store card (e.g., clothing account) or cellphone contract—pay on time to avoid interest.

Mistakes to avoid and how to get Free Credit Reports: Check yours annually via credit bureaus or bank apps—dispute errors for free.

Magauta Mphahlele says: "Don’t take credit just because you qualify—borrow only what you can repay!"