There is a misconception that debt intervention proposals currently being considered could mean that some debts are likely to be written off.
Category - Credit
Just because a credit retailer no longer requires a payslip or bank account doesn’t mean they won’t have to do an affordability test.
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.
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.