It has been 14 months since all my debt has been paid. Everything. And it felt so good.
However I thought after debt review, debt being paid, judgements removed etc. The creditors “fell away” overtime things would be better and I could finally start building a name, I was very wrong.
It has been over a year now my credit report from all the bureaus are pretty much empty, however NO ONE not even a R500.00 payday loan is being approved, I retrieve my credit report every month or so and my score is just declining.
I am not being granted credit; therefore I cannot build a name. The credit bureaus say I need to maintain a healthy mix of credit but no one will give me any.
I am worse off paying my debt and the longer I go without any credit the worse my score is getting. I don’t know what to do. I thought it would be a good thing to get everything sorted. It didn’t seem to work out for me.