In this essential podcast episode, Magauta Mphahlele (Executive Director of SACCRA) breaks down everything you need to know about credit scores in South Africa. She shares: * Why Credit Scores Matter: Even if you prefer cash, a good score is crucial for home loans, business funding, and student loans. * The Magic Numbers 800–950: Excellent 600–800: Good 500–600: Fair (needs work) 300–500: Poor (fix urgently) How to build Credit from Scratch: Start with a retail store card (e.g., clothing account) or cellphone contract—pay on time to avoid interest. Mistakes to avoid and how to get Free Credit Reports: Check yours annually via credit bureaus or bank apps—dispute errors for free. Magauta Mphahlele says: "Don’t take credit just because you qualify—borrow only what you can repay!"