While regulated lenders do charge less than unregulated loan sharks, it is undeniable that borrowing money in the short term is very expensive and can easily lead to the situation where you are caught in an ever- increasing cycle of debt.
Category - Credit
CreditVision, a new product from TransUnion, should make it easier to get financing without a credit record.
On 9 August, the new limits on how much a lender can charge for credit insurance came into effect.
The latest figures from the TransUnion SA Consumer Credit Index suggest that South African consumers are starting to wean themselves off credit and are learning to better manage their debt repayments.
The experience of an 80-year-old widow turns into an important lesson on why every woman needs to have her own credit record.
A cap placed on how much a lender can charge for credit insurance could result in cheaper loans, but some warn it could also cut credit to higher-risk individuals.
We’ve lost the plot when it comes to borrowing and saving.
In trying to manage your personal finances during the current economic times, taking heed of your credit report is an important element.
Amendments to the National Credit Act have set new maximum interest rates which can be charged on a loan, based on the repo rate.
The latest figures from the Old Mutual Savings and Investment Monitor show increasing levels of financial stress, even among high-income earners.