marwithlord
New member
I am 23M and have managed to increase my credit score rapidly (at least that's what I think ) in just a few months . before this I had never taken any type of credit that's why my score was Zero , I was scared because I saw what credit debt did to my family and people close to me but I finally got courage & applied for a credit card with my bank and to my surprise I was given a very large amount of credit when I only thought I would qualify for only -R10 000
Here's what I did and what I think helped me :
1- I have a freelancing business that is registered but its doing very bad because I have a 9-5 but it reflects as property in my report
2- I registered with a credit score provider (Clear score and my credit check ) then I got 5 on my credit score
3- I tried to apply for credit from Payjustnow (Got offered 2k but never used it until this month ) and Nedbank Never got back to me but did a deep search which reflected on my credit report
4- My bank reflected on my credit report when I applied for credit and also when I got the credit
5- at this point my score was already on 500 ( lol idk how )
6 - ever since I got credit I never spend above 20% of the money in my credit card and paid it off before the interest free cycle comes ( I use my card for all my essentials )
its been 3-4 months now doing all of this and I am sitting on 638 and this makes me so happy because I grew up poor with people who are not financially literate so me being able to get this far while in the process of learning and building wealth is exciting and I hope this helps those who are starting . I am trying to get financial freedom and buy property in the near future so this is part of the process for me . Also thank you to everyone that's been giving me advice in this sub .
Here's what I did and what I think helped me :
1- I have a freelancing business that is registered but its doing very bad because I have a 9-5 but it reflects as property in my report
2- I registered with a credit score provider (Clear score and my credit check ) then I got 5 on my credit score
3- I tried to apply for credit from Payjustnow (Got offered 2k but never used it until this month ) and Nedbank Never got back to me but did a deep search which reflected on my credit report
4- My bank reflected on my credit report when I applied for credit and also when I got the credit
5- at this point my score was already on 500 ( lol idk how )
6 - ever since I got credit I never spend above 20% of the money in my credit card and paid it off before the interest free cycle comes ( I use my card for all my essentials )
its been 3-4 months now doing all of this and I am sitting on 638 and this makes me so happy because I grew up poor with people who are not financially literate so me being able to get this far while in the process of learning and building wealth is exciting and I hope this helps those who are starting . I am trying to get financial freedom and buy property in the near future so this is part of the process for me . Also thank you to everyone that's been giving me advice in this sub .