Soré Cloete Take advantage of your free annual credit report Nowadays, not many things in life are completely free of charge, but thanks to the National Credit Act, you’re entitled to a free up-to-date credit report every year. “Taking advantage of this free online service via a registered credit bureau (like Transunion , for example) is definitely a good idea,” says Soré Cloete, Senior Legal Manager at Old Mutual Personal Finance. “Knowing your credit record and keeping it healthy is particularly important when applying for longer-term credit – such as a home loan, or vehicle or business financing – as most credit providers check your credit and payment behaviour,” she explains. She advises you to check your credit health at least once a year. “If there are red flags on your record, make sure you address them right away. Speak to your financial adviser about how you can stay on top of your debt and make healthy credit part of your financial plan. “Be conscious of all your ...