How Fincheck helps you get a better credit score

Nov 11, 2017

Welcome to our freshest series Fincheck reader! In this series, we've tackled the credit health topic, helping you understand all things credit! By now, you would have learned more about credit scores, reports, improving your credit health and the factors that influence your credit health.

To recap on our previous posts, you read each of them by clicking below:

  1. your credit score, why it matters
  2. your credit report & where all this information comes from
  3. how to manage and improve your score
  4. common credit score questions and myths

In this post, we're looking at how the MyFincheck Credit Score Tool will help you build a better financial future!

At the end of this post, we'll share our credit score tool with you to help you get your very own FREE credit score. Let's get started.

How the MyFincheck Credit Score Tool helps you get a better credit score

Bank level security

MyFincheck is protected by advanced security technology trusted on an international level. It promises you the same level of security that banks enjoy all over South Africa.

Your credit score overview

Your first steps will be to set up your account and submit a request to check your credit score. Your credit score will then be displayed on a beautiful interface with interactive areas to help you understand your score compared to what it can be. You will also be able to view your full credit summary from this area.

Personal offers based on your profile

As you go about building your financial future, the MyFincheck Finance Tool will help you track your financial habits. Based on this behaviour, you will receive personalised financial offers unique to your financial profile. These offers include loans, vehicle finance, credit cards, insurance and similar finance offers.

Better Personal Finance understanding with full account breakdown

We want to help you understand what influences your credit score. In your full report, you will be able to see all the accounts influencing your credit score. This includes accounts that are arrears according to your latest credit score update.

Your MyFincheck Credit Score Tool explained

To help you improve your credit score, these are the key areas to take note of when looking at your credit score summary. Please reference the following image when looking at the explanations.

Credit Score Macbook UI.jpg

Comment

This area will help you understand where you are on the credit score ladder. As your credit score moves up or down, this area will help you understand what it means.

Suggestion

The suggestion content area will help you take the right actions based on where your current credit score is at! This can include updates on better rate suggestions and product offers.

Update

Your credit score will update every 30 days so you can make updated financial decisions.

Up/Down Trend

You will be able to see at a glance whether your credit score has been going up or down over the past month. This will help you quickly see whether you are improving or not.

Accounts & Enquiries

As mentioned above, this area allows you see the full account breakdown of all accounts that influence your credit score. You will also be able to see the companies who have been doing credit checks on your ID.

How can you get your credit score?

We know some of you may have read this article and have already signed up for your free credit score. But there are many who haven't and at Fincheck we always aim to help everyone make better financial decisions. Please consider sharing this with a couple of your friends if you've already signed up!

If you haven't got your score yet, we have spent a lot of time and effort in building a tool to help you do all of the above. You can sign up for the MyFincheck Credit Score Tool and get your FREE score directly here.

Sign up for our newsletter below to receive an email once we release the next post in this latest series. If you have a moment, please also share this post with a friend or relative you think would like to learn more about credit health!

To your better financial future!

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