Tag - credit

Why buy a TV when you can rent it?

rent-to-own

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...

Are loans a good investment?

Last month we wrote about the growing global phenomenon of peer-to-peer social lending, which links borrowers and lenders directly, bypassing banks and their fees. RainFin, which was the first peer-to-peer online lending platform in South Africa, announced recently that after being in the market for two years they are now listing around 18 new...

Peer-to-peer lending

Peer-to-peer lending is a growing global phenomenon which links borrowers and lenders directly, bypassing banks and their fees. It is a similar concept to crowdsourcing except that instead of a business proposal, a borrower lists needs for a personal loan and investors decide if they want to commit funds based on a specific rate or return. While...