Maya and Mapalo discuss the dangers of signing up for a credit facility as well as how your partner’s debt can impact your credit score.
Category - Borrowing
There has been an increase in loan scams as people become financially desperate and see a cheap loan as a way out of a financial crisis.
Have you ever wondered how much your debt is actually costing you? It is probably a lot more than you realise by the time you have included all the interest and fees payable.
Money Makeover winner Samke chats to Maya and Mapalo about struggling with debt and how she achieved her goal of being debt free by the age of 27.
A company claims to be offering loans to blacklisted people at an interest rate of just 3.5% per annum.
A 23-year-old wants to do the right thing with her money and not end up a casualty of ‘bad debt’.
What are your options when you can no longer afford your dream car?
One of the more frequent questions I get asked is whether it makes sense to pay an upfront deposit when buying a car.
Even a 0.25% reduction in your mortgage rate could save you tens of thousands of rands, but how open is your bank to the discussion?
The start of a new year is a great time to review your finances and saving habits and to check up on your credit profile.
Using a credit card makes a lot of sense, as long as you have the self discipline to manage it properly.
The recent FinScope SA report, which analyses how consumers are using financial products and services, has revealed a concerning trend around credit extension.