Maya & Mapalo discuss the good and dark side of credit, and whether the concept of the lay-by will come back into fashion as technology changes.
Tag - credit
Start saving for your short-term goals in a savings account so that you are less dependent on credit.
City Press/Asba Money Makeover candidate Peter and his wife Helen share their story of how their debt slowly crept up on them when he took a salary cut.
The latest Consumer Credit Market Report shows a concerning trend towards more lending happening in the unsecured space.
Clothing should never be bought on credit.
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.
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.
RainFin is a crowdfunding platform whereby small businesses can get loans from individual investors, thereby cutting out the middleman.
There is much to be said for renting when it comes to electronics, appliances and even furniture. When I was young, everyone rented a TV, most of them from Teljoy. In those days, TVs were simply unaffordable and credit was not as easily available as it is today. As the prices of electronics fell and hire purchase agreements became common place...
Don't fall into the trap of taking on unnecessary consumption debt in a misguided attempt to build up your credit record.