The National Credit Amendment Act (NCA) was signed into law in 2019. The Act included provisions for debt relief.
Category - Credit
Does it make sense to take out a personal loan to settle your home loan sooner?
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.
The latest Consumer Credit Market Report shows a concerning trend towards more lending happening in the unsecured space.
Many consumers commit themselves to debt review only to get cold feet several months later. A recent court ruling provided clarity around exactly how and when an individual may exit debt review.
Make sure when you borrow money that you know whether you've signed up for a personal loan or a revolving credit facility.
The provisions for debt intervention in the National Credit Amendment Act raise many questions about how and when it will be implemented.
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.
A common area of confusion when it comes to car finance is around balloon payments, also called residual payments.
If anyone has made a purchase through online retailer Takealot recently, you would have noticed that you now have an option to finance the purchase through a loan.
A bank may no longer unilaterally transfer funds from your bank account to settle your outstanding bank debts.
In this week's My Money, My Lifestyle Podcast, Maya and Mapalo unpack the myths and the facts around what affects your credit score and how you can improve it.