js\pdfjs\2.10.377\build

What Effect Does Your Credit Report Have On Your Interest Rates?

Interest rates are what you pay to borrow money from a financial institution or lender.

Interest rates usually run at an Annual Percentage Rate (APR). Let's say you still owe R100 000 on your car loan, and you see that you're being charged 10% interest per year. If your interest rate is 10% per year, then the interest charged for one year will be 10% of your initial loan amount.

Factors that can have an effect on your interest rates

  • The current inflation rate will play a significant role. While lending money during a high inflation period is more expensive, this higher percentage can lead to higher returns on investment.
  • Another factor that will influence your interest rates as a borrower will be the quality of the product that you are taking out. It's important to take into consideration the status and experience of your loan provider, borrower and policyholder when discussing different types of loans or credit facilities.
  • Your credit score and credit report can also have an influence on the interest rate you receive.

Look after your credit score

You have probably seen that you are paying higher interest for something compared to someone else, even though they seem to be the same product. The reason for this could be your credit score which is reflected through your credit report. It's important to know that your credit score can affect the interest rate you are charged. If people see you as high credit risk, you can expect it to translate into higher interest rates.

Your credit score

In both good and bad economic climates it is imperative to make an effort to save as much money as possible. In times of economic prosperity there are certain loans which often come with lower interest rates for those who have a better credit score history.


  • 10 common credit score myths.
  • 5 ways to pay your credit card debt.
  • 7 tips to fix your credit score.
  • 8 most common credit terms.
  • Blacklisting, is it still a thing?
  • Breaking Bad Debt.
  • Can I Get A Loan While Under Debt Review?
  • Common myths about debt review.
  • Debt Management Tips.
  • Default, Judgement, Sequestration.
  • Free VS Paid Credit Reports.
  • Frequently Asked Questions about Debt Review.
  • Get your credit report before applying for a loan.
  • Good Debt Can Build Your Credit Score.
  • How Do I Check If I Have Been Blacklisted?
  • How Do I Manage My Debt When I Am Unemployed?
  • How is your credit score calculated?
  • How Is Your Credit Score Weighted?
  • How Long Does Debt Review Last?
  • How long does it take to improve your credit score?
  • How To Calculate Your Debt-To-Income Ratio.
  • How To Improve Your Credit Score After Debt Review.
  • How To Reduce And Eliminate Debt.
  • Online Shopping – Just (don't) add to cart!
  • Teaching Children Good Money Sense.
  • The basics of your credit score.
  • The Pros And Cons Of Debt Counseling.
  • Things You Don't Want To See On Your Credit Report.
  • Understanding a credit report in South Africa.
  • Vehicle instalments driving you to despair
  • What are credit bureaus and how do they work?
  • What causes credit card debt?
  • What do credit bureaus know about me?
  • What Effect Does Your Credit Report Have On Your Interest Rates?
  • What Happens To Your Credit When You Get Married?
  • What Happens When You're Debt Free?
  • What is a credit score?
  • What is a credit utilization rate?
  • What is considered a good credit score?
  • What Is Debt Administration?
  • What Is Debt Counseling?
  • What Is Debt Review?
  • What’s the difference between your credit score and your credit report?
  • Which Type Of Credit Carries The Most Risk?
  • Why Debt Counseling Is Perfect For You.
  • Why did my credit score go down?
  • Will checking your credit reports affect your credit score?
  • Your Best Defence Against Identity Theft Is Your Credit Report
  • Show More

    Check for arrears accounts

    modal-close

    In order to help you on your way to Credit Health, we've teamed up with Transaction Capital Recoveries and MBD Inc. By selecting continue, you give consent that we may check for any arrear accounts on your behalf.

    Check for arrears accounts

    modal-close

    In order to help you on your way to Credit Health, we've teamed up with Transaction Capital Recoveries and MBD Inc. By selecting continue, you give consent that we may check for any arrear accounts on your behalf.

    modal-close

    Report Download

    modal-close