Your credit score is a rating of how well you’ve paid the people you owe (creditors) over the last 10 years. The higher your score, the more likely you are to qualify for loans and credit cards, and get better terms on lending agreements.
Credit Coach
What Credit Coach can do for you
Credit score
Check your TransUnion score for free, any time with no penalties.
Personalised guidance
Tips tailored to your situation.
Pay overdue accounts
Easily identify and pay bills that are behind.
Learn about credit
Get answers to your questions and improve your financial situation.
Easily manage your credit in one place
Unicorn App-based solution
Get personalised tips on how to improve your finances.
Understand your TransUnion credit score.
Explore loan eligibility.
View your outstanding debts.
Make payments for overdue accounts.
Frequently Asked Questions
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01What is a credit score?
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02How is my credit score calculated?
Credit bureaus like TransUnion and Experian compile your credit history and calculate your score. However, not all data providers report to every credit bureau, resulting in varying information on your credit report depending on which bureau is used.
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03Which credit bureau should I trust?
Different creditors may assess your creditworthiness using credit scores from different credit bureaus. For instance, The Unicorn Bank Credit Coach shows your score as calculated by TransUnion – while certain creditors may look at your Experian credit score. However, it's worth noting that major credit bureau scoring standards are generally similar.
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04How do I build my credit score?
Get a credit card: Build your credit history and get a credit score in about 3 to 4 months with a Unicorn Credit Card. Maintain your overdraft: Open a Unicorn Cheque Account with an overdraft facility, and be sure not to exceed its limits. Get a student credit card: If you’re a student, this is a great way to build credit without the risk of a credit limit that is too high for you. Open a store account: Retail credit accounts and cellphone contracts are an easy way to build your credit score.
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05What does a poor credit score mean?
The likely result of a poor credit score is being declined on future credit applications, which can put a dent in your plans when you’re in need of a loan.
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