Welcome to Lake Properties PROPERTY CAPE TOWN Lake Properties is a young and dynamic real estate ag

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Cape Town, Western Cape, South Africa
Lake Properties, Cape Town is a young and dynamic real estate agency located in Wynberg, Cape Town. We offer efficient and reliable service in the buying and selling of residential and commercial properties and vacant land in the Southern Suburbs including Bergvliet,Athlone,Claremont,Constantia,Diepriver,Heathfield,Kenilworth,Kenwyn,Kreupelbosch, Meadowridge,Mowbray,Newlands,Obervatory,Pinelands,Plumstead,Rondebosch, Rosebank, Tokia,Rondebosch East, Penlyn Estate, Lansdowne, Wynberg, Grassy Park, Steenberg, Retreat and surrounding areas . We also manage rental properties and secure suitably qualified tenants for property owners. Another growing extension to our portfolio of services is to find qualified buyers for business owners who want to sell businesses especially cafes, supermarkets and service stations. At Lake Properties we value our relationships with clients and aim to provide excellent service with integrity and professionalism, always acting in the best interest of both buyer and seller. Our rates are competitive without compromising quality and service. For our clients we do valuations at no charge

Improving my credit score


Improving your credit score is a great financial goal and can open up better opportunities for loans, credit cards, and lower interest rates. Here are some steps to help you improve your score:

1. Pay Bills on Time

Your payment history is the most important factor, accounting for 35% of your score. Make sure to pay at least the minimum due on time. Late payments can hurt your score, especially if they're more than 30 days overdue.


2. Reduce Credit Card Balances

Aim to use less than 30% of your available credit on any card. Lowering your credit utilization rate can boost your score. If you have high balances, pay them down as much as possible or consider making multiple payments each month to keep balances low.


3. Don't Close Old Accounts

Older accounts help boost your credit age, which is a factor in your score. Instead of closing an old account, try to keep it active by using it occasionally.


4. Avoid Opening Too Many New Accounts at Once

Each new application causes a “hard inquiry,” which can slightly lower your score. If you need new credit, try spacing out applications over several months.


5. Dispute Errors on Your Credit Report

Check your credit reports regularly from all three bureaus (Equifax, Experian, TransUnion) for errors like incorrect balances or accounts that aren’t yours. You can dispute errors, which can result in a score boost if removed.


6. Request a Credit Limit Increase

If you’re responsible with credit, consider requesting a higher limit. A higher limit without increasing spending can improve your utilization rate.


7. Become an Authorized User

If you have a family member or friend with good credit, ask if they can add you as an authorized user on their account. This can help you benefit from their good credit habits.


8. Diversify Your Credit Mix

Having a mix of credit (credit cards, loans, mortgages) can improve your score. However, only take on new types of credit when needed.


9. Pay Off Debts Strategically

Consider using the debt snowball or avalanche method to reduce overall debt. Paying off high-interest debt or smaller balances can help improve your score over time.


Improving your credit score is a gradual process, so keep making consistent efforts, and you’ll see positive changes over time.

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5.Should I get a home warranty, and what would it cover

Lake Properties A home warranty can be a good investment if you want added financial protection against unexpected repair costs ...

Lake Properties,CapeTown