South Africans across the income spectrum are struggling to pay their debts, with many under debt review. Many are being ably assisted by experienced professionals to shed the yoke of outstanding debt. There are a myriad of reasons for this – the high cost of living, salaries not keeping pace […]
How to avoid blacklisting is a common question. However, “blacklisting” isn’t used in the credit industry. This is because the credit bureaus now keep both the bad and good aspects of your credit history, whereas previously they used to keep only the negative information. Read: Demystifying What Blacklisting Means in […]
South Africa’s middle class is drowning in debt, and stresses are mounting, with ordinary folk dealing with serious financial difficulties. Over 60% of the middle class is said to have unsustainable debt levels, with many hoping that rate cuts are on the cards. In an environment of rising interest rates, […]
Just as the South African Rand changes its design occasionally, so do tax laws get revised and revamped. The time of the year has fallen upon us for the National Treasury to publish the annual draft of tax law amendments, and this year, it is bringing non-compliant taxpayers into the […]
With the interest rates continuously rising, more and more South Africans are struggling to keep up with their debt. Recent stats have revealed that many South Africans spend 65% of their net income on servicing debts. The snowball continues to grow, leaving more South Africans struggling to make ends meet. […]
If you are experiencing financial difficulties, you may have come across consolidation loans (also known as debt consolidation). Many people confuse debt consolidation for debt review, but the two are actually entirely different processes.
Times have changed, and rent-to-own is now a possibility for almost any item in your home. For those who need a new vehicle, there’s even the option of rent-to-own cars. But is this a good idea? Let’s take a closer look at what this means and if it really can […]