Will my credit score be affected if I default on my payments?

Yes. CTSE Capital Solutions will send information about your debt to the official credit history database  45 days after the initial payment deadline. When this happens, it might be difficult for you to get a new loan from any bank or credit institution in South Africa for the next 3 years. This means you have to be as responsible when you borrow at CTSE Capital Solutions as you are when borrowing from a bank or other financial institution.