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 - Credit
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.
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.
When buying a house or car, having an excellent credit score and therefore qualifying for a better interest rate could save you tens of thousands of rands.
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.
Many consumers do not know they have credit life insurance which settles your loan should you die, become disabled or get retrenched.
The Credit Bureau Association recently stated that credit bureaus will not hold information regarding outstanding e-tolls.
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.