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Posts Tagged 'what credit score is needed for a loan in South Africa'

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The Role of Credit Scores in the South African Bond Application Process

A credit score is a numerical representation of a borrower's creditworthiness. It is calculated based on various factors such as credit history, payment behavior, outstanding debts, and other financial indicators. In South Africa, credit scores are determined by credit bureaus, which collect and analyze credit-related data from various sources.

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