(3RD Party) Property24 - Have you checked your credit profile?

"Many of South Africa's consumers with bad credit records are unable to secure home loan finance to enable them to buy property, according to ooba.

ooba has revealed that three quarters of South African consumers are unaware of their credit profile and 69 percent of respondents do not know their credit status.

The bond originator has revealed that three quarters of South African consumers are unaware of their credit profile and 69 percent of respondents do not know their credit status.

The Credit Bureau Monitor Q2 2011 reported that there has been an increase of credit-active consumers with impaired credit records."

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Hello ooba news

A prequalification certificate will take some of the uncertainty out of the house hunting process.

When applying for a home loan, one of your most important considerations should be securing the lowest interest rate possible. And when the home loan is granted, you should do everything you can to reduce the term and the interest that you pay.

In a recent survey conducted on PropertyGenie.co.za, an overwhelming majority of respondents said that potential partners are more attractive to them if they already own a home.

"According to a recent poll conducted by bond originator ooba, three quarters of South African consumers are unaware of their credit profile.

"Many of South Africa's consumers with bad credit records are unable to secure home loan finance to enable them to buy property, according to ooba.