Debt-related issues can present significant challenges for individuals, affecting their financial stability and prospects. Understanding the various types of listings that can appear on a credit report is crucial in navigating the complexities of the credit system. In this article, we will explore four common types of listings found on credit reports: payment profile information, […]
Financial problems getting you down? Outstanding debt is easier to sweep under the carpet than to deal with. Initially, you might find some solace in pretending, however, as time progresses, that bulge under the carpet will eventually become stress bulges that run down your neck and keep you up at night. Eventually the sound of […]
Here at Head Office we all do some credit ‘spring cleaning’ right after the annual budget speech. Everybody requests a copy of his/ her credit report from TransUnion/ Experian and then scrutinizes the document in order to avoid any nasty surprises. Did you know that potential creditors are obliged to check your credit report for any […]
Similar to the sell by dates found on your milk carton, debts have expiry dates too! This is for legal certainty and to protect debtors against old and inflated debts. A creditor only has 3 years’ time to institute legal action against a debtor (since the last date of payment/ acknowledgment of debt). After […]