What is consumer credit counselling?

Having a credit card or a loan application being approved indicates that you have the financial means of being able to afford to repay the credit that you access through these means.

Lenders usually assess credit applicants by calculating their credit scores based on historical data in their credit reports. This usually consists of any credit activity that an applicant has had in the past 6 years.

Ranging between 0 and 999, the higher the credit score is in numerical value, the lesser financial risk the applicant is likely to be for the lender.

Consumer credit counselling

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