Bad Credit
Bad Credit Loans for people in Pietermaritzburg

A good credit score is the one thing that stands between a good and hard life and if you live in a small city like Pietermaritzburg, it gets even harder as there are not many options one can take to acquire financial assistance.

 At least this is the information that people are being fed. Well, this is not true because people can still get financial assistance and improve their life with bad credit.
If assistance is not what you need but guidelines on how to avoid getting your financial state in the negative is something that will help then we have compiled a list of suggestions on how to keep your score in the greens.

Missing payments or not paying on time, even if you make double payment the following month, the score will affect your credit history. “While adverse legal information is cleared as soon as the account is settled, the negative repayment history, however, remains for a couple years,” says Ramalho.

Too much debt – how much you owe and how much of your available credit you’re using it is advisable to try to keep the use of your current credit facilities to less than 35% of your limit. Negative information like a court judgment taken against a consumer’s name (commonly known as blacklisting).
Account application and inquiry activity – within a short period of time, how many account applications the consumer submitted and how many new accounts you opened.

My credit score is lower than I expected. Why is this? Fincheck provides us with some reasons: A credit history of fewer than six years, which is the time frame used to calculate your total credit score. Missed or late payments over the last six years.

Holding very few credit accounts means there will be less credit history available on your profile. Court judgments or record of insolvency. Having a lot of unused credit available could lead to a large balance of debt if you decided to use it all at once.

Balances on your accounts that are very close to the credit limit indicate that you rely on credit to get through each month. Why improve your credit score?
Credit providers measure their risk in taking you on as a client before they approve or decline your application for credit, so improving your credit score increases the chances of being granted credit on favorable terms. If you have too many old, unused credit accounts, consider closing them. Regularly checking your credit report to confirm all the details are correct.


Making sure you make payments on any outstanding credit accounts on the due date. Should you have difficulty in making your payments, you should contact your credit provider to agree on a payment plan, or to reduce your regular payments to an amount that you can afford to pay.
Consider setting up regular automated payments rather than doing manual payments. If you have too many old, unused credit accounts, consider closing them. If you are almost reaching your credit limit on one or more accounts, try and reduce your balance. Outstanding balances mean you have a lot of outstanding debt in your name.

It depends on how long it will take to improve areas that need attention and maintain them. Real improvement will start showing after three months of consistency, and as you show progress your credit score will automatically get updated.

If you have had a couple of bad experiences with your credit health, it is helpful to know that credit inquiries stay on your credit report for up to two years, whereas more serious activities that you incur, namely late payments, lawsuits, bankruptcy and tax liens, will stay on your credit record for up to ten years.