What are the consequences of a negative credit history?

7 March 2022  | 1 response
What are the consequences of a negative credit history?

Answered
Johan Swart
Johan Swart - Head of Tax Services
3 March 2022
  • You won't qualify for a credit card with a low interest rate

  • Trouble borrowing a significant amount of money from the bank

  • Credit check, as part of the job application process, may impact the employers hiring decision

  • Being denied a promotion with current employer

  • Life insurance companies may enforce penalties by charging a higher premium or refusing to sell more insurance

  • Landlords may refuse rental

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