What are your options when you can no longer afford your dream car?
Category - Borrowing
There is a great deal of confusion over how the interest-free period works on your credit card.
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.
One of the more frequent questions people ask is whether or not to use a lump sum to pay off debt.
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.
Beware the false hope behind debt relief headlines.
In the current economic climate, many South Africans need to borrow money out of desperation just to help them survive. It is here where scam artists and unscrupulous marketers prey on the public,
South African households appear to have a better handle on debt levels, but this could be at the expense of savings, especially for emergencies.
The pricing cap on credit insurance is good news for new loans, but many existing credit customers are still paying over the odds.