Tag - credit

Why buy a TV when you can rent it?

rent-to-own

There is much to be said for renting when it comes to electronics, appliances and even furniture. When I was young, everyone rented a TV, most of them from Teljoy. In those days, TVs were simply unaffordable and credit was not as easily available as it is today. As the prices of electronics fell and hire purchase agreements became common place...

Savings: it’s about a change in mindset

Open up your bank statement and calculate how much of your monthly salary goes to repaying debt. Imagine if, apart from your mortgage, you had no debt repayments – think of all that money now available for savings. The reality is that we have already spent our future savings on cars, credit cards, personal loans and store cards; rather than...

Are loans a good investment?

Last month we wrote about the growing global phenomenon of peer-to-peer social lending, which links borrowers and lenders directly, bypassing banks and their fees. RainFin, which was the first peer-to-peer online lending platform in South Africa, announced recently that after being in the market for two years they are now listing around 18 new...

Peer-to-peer lending

Peer-to-peer lending is a growing global phenomenon which links borrowers and lenders directly, bypassing banks and their fees. It is a similar concept to crowdsourcing except that instead of a business proposal, a borrower lists needs for a personal loan and investors decide if they want to commit funds based on a specific rate or return. While...

Your credit report can ruin your chances of securing a job

It is a known fact that unemployment figures in South Africa are amongst some of the highest in the world.  Securing a job can prove to be one of the most difficult tasks one has to face, as job candidates are jostling with thousands of other candidates for the same position. To add to the difficulty, at times the only thing standing between you...