Business funding is closely linked to your credit report, as it provides creditors, such as banks and lenders, with an assessment of your company's creditworthiness. Just as individuals have personal credit scores, businesses have credit reports and credit scores that reflect their history of borrowing money and paying it back, as well as information in the public record.
This is an issue many entrepreneurs we have worked have had, and it forced us to look into resolving this to make sure that our clients have access to funding
Are there Judgments that you wish to remove? Do you need expert assistance to clear your credit record? Look no further! K44 has partnered with a credit specialist who can help you take control of your credit report and improve your financial standing.
Your Rights as a South African Consumer
As a South African consumer, you have specific rights when it comes to your credit record, including:
Access to free credit reports: You are entitled to receive a free credit report once a year, every year, from any of the credit bureaus operating in South Africa
Dispute incorrect entries: You have the right to dispute any factually incorrect information on your credit report
Removal of adverse consumer credit information: You can request the removal of adverse consumer credit information from your credit report under certain circumstances
How to Raise a Dispute
If you find incorrect information on your credit report, you can take the following steps to raise a dispute:
Contact the lenders directly: Request them to send the updated information to the credit bureau. This is usually the best and quickest way to get information corrected
Seek expert assistance: Partner with a credit specialist who can help you
navigate the dispute process and ensure that your rights are protected.
K44 has partnered with a credit specialist who can provide personalized advice and support to help you clear your credit report. She is an expert and has a deep understanding of South African credit law and can help you navigate the process of disputing incorrect credit entries or evaluating if the judgments you have should be listed in the first place.
