Mendham, NJ, 30-April-2012 - MoneySmart is pleased to announce that they help South African residents understand the importance of obtaining an annual credit report. MoneySmart is an online financial management platform that helps South Africans with retirement planning and other aspects of financial management. One key to managing one's money is knowing who is owed and how much.There are three different credit agencies in South Africa that track individuals' credit histories. Each has its own system for calculating credit scores. All keep a history of open accounts and payments made, whether they were on time or late, and accounts that have been paid in full or settled for less than the amount owed. Any time one attempts to secure a loan for a major purchase or applies for a credit card, the potential lender will view the credit report from one or more of these agencies and use the information contained therein to make their determination on whether to extend credit.
For more information about the importance of obtaining an annual credit report as an aid in managing their finances, South African residents are encouraged to visit http://moneysmart.co.za/. Members of the press and/or other interested parties may obtain more information about this online financial management platform and/or the content of this press release by contacting the following:
Susan Smith
Public Relations
Justin Harrison Marketing
PO Box 311
Mendham, NJ, USA 07945
Phone: + 00 1 973 531 4982
Fax: + 00 1 973 543 5683
Email: pr@justinharrisonmarketing.com