What it means and why it matters
Your Credit Score
Unlock the power of your credit profile with ThreeSixty.me – your free, always-on credit score platform.
How it works
How it Works
Understand, Track & Improve Your Credit Score
What Exactly is a Credit Score?
Your credit score is more than just a number – it’s your financial passport.
In South Africa, your credit score typically ranges from 0 to 1 000, and it reflects how reliable you are when it comes to managing credit. The higher your score, the lower your perceived risk as a borrower. Lenders, landlords, insurers, and even employers may check this score to determine whether to offer you a contract, credit, or lease.
At ThreeSixty.me, we believe that everyone deserves the chance to build a strong financial future. That’s why we give you free, ongoing access to your credit score – no hidden fees, no expiry.
Your credit score is your financial voice – make it count.
What Do Credit Score Numbers Mean?
Excellent / Very Good | 901 – 1 000 90%
You’re seen as a low-risk borrower. Likely to get the best interest rates.
Good | 876 – 900 87%
Generally approved for most credit, with decent terms.
Okay/Average | 851 – 875 85%
Credit is possible, but you might face slightly higher rates.
Fair / Poor | 751 – 850 75%
Lenders may view you as risky. Approvals might be limited.
Bad | 601 – 750 60%
High risk. Likely to be declined or face strict conditions.
Very Bad | 3 – 600 30%
Significant concerns. Credit access very limited
No score | No Score 10%
Not enough data yet to assess your profile.
Remember:
your score can differ slightly between bureaus based on the data they hold – and that’s normal.
Think of your score as your credit health check-up. Consistency and smart credit use keep it in shape.
How is Your Credit Score Worked Out?
While ThreeSixty.me is not a credit bureau, we work with VeriCred Credit Bureau (VCCB) to bring you verified insights. Credit bureaus use a range of factors to calculate your score. These factors reflect your credit behaviour over time – not just one event or account.
Key Credit Score Factors:
-
Payment History (35%)
Missed or late payments hurt your score the most. -
Credit Utilisation (30%)
Using more than 30 to 35% of your available credit can reduce your score. -
Length of Credit History (15%)
The longer you’ve had credit, the better – especially if you manage it well. -
Types of Credit Used (10%)
A healthy mix (store accounts, credit cards, personal loans) shows balance. -
New Credit Enquiries (10%)
Too many credit applications in a short period? It raises concern for lenders.
Smart Ways to Build a Better Credit Score
Improving your credit score isn’t about luck – it’s about forming good financial habits. Whether you’re just starting out or need to bounce back, these actions can help you build a stronger credit profile over time:
Pay on Time, Every Time
Missed payments are the fastest way to lower your score. Set payment reminders or debit orders to stay on track.
Monitor Your Report for Mistakes
Errors happen. Check your credit report often – and the best part? With ThreeSixty.me, you get free access, always.
Keep Your Credit Usage Low
Aim to use less than 30% of your credit limit. e.g. If your credit card has a R10k limit, try not to owe more than R3k.
Start Small to Build History
If you’re new to credit, open a small store account and manage it well. Responsible use builds trust over time.
Apply for Credit Only When Needed
Every application creates a hard inquiry. If you have too many requests at once - that’s definitely a red flag.
Know What Affects Your Score
Debt review, judgments, and defaults stay on your report for years – but they don’t have to define your future.
It’s a marathon, not a sprint. Every smart decision you make today helps your financial tomorrow.
Frequently asked questions
Got Questions? We’ve Got Answers.
Why does my score differ across bureaus?
Each credit bureau has different data and scoring models. That’s why your score may not be the same everywhere.
How often is my score updated?
Usually every 30 days – depending on when lenders send updates to the credit bureau.
Can I check my credit score for free?
Yes! When you sign up with ThreeSixty.me, you can take a look at your credit report and score any time, for free.