Understanding your credit score is essential in today’s financial landscape, especially in South Africa. Your credit score plays a crucial role in determining your eligibility for credit and the terms you’ll receive. In today’s financial landscape, your credit score holds significant sway over your ability to secure loans, mortgages, and even certain job opportunities. Understanding […]
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Credit scoring tells the lender how likely you are to pay back your debt based on your previous conduct. Therefore, applying for credit from a lender will include assessing your credit score. You may wonder, “What do you mean by credit scoring?” A credit score considers many factors, including whether or not you’ve defaulted on […]
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Improve your credit score before you take out a loan or purchase an asset. It is an important factor when you’re looking to loan money from any creditor in South Africa. The better your score, the more credit you’ll receive on better terms. When you have a poor credit score report, you are easily rejected […]
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Have you ever wondered what your credit score report really means? We are all aware of the current economic status in South Africa. And just like our motto: “Diverse people unite”, we need to unite by changing the status of consumers in a greylisted country. It starts by checking your credit score and then maintaining […]
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Debt accumulation is a fundamental part of the financial world, however, getting yourself into debt you can’t handle is not. There are ways you can combat your debt through the very thing rumoured to cause it – yip, your credit card. Most people overwhelmingly choose ineffective strategies for paying off their debt. Do you know […]
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Accumulating debt is a fundamental part of the financial world, however, getting yourself into debt you can’t handle is not. There are ways that you can combat your debt through the very thing rumoured to cause it – yip, your credit card. Most people overwhelmingly choose ineffective strategies for paying off their debt. Do you […]
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Credit reports show how well you pay back loans and credit accounts. To borrow money, you need to apply with a lender who checks your history of paying back loans. This is called your credit history and it affects your ability to borrow money, how much you can borrow, and the interest rates you’ll get. […]
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The current economic climate has many South Africans reaching for their credit cards, racking up debt. It’s become a common occurrence for South Africans to stress about cash or, worse, spend more than they earn. It’s having an impact not just on their wallets but on their mental well-being, creating a cycle that can be […]
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If you are considering debt review or loan consolidation, you must consider taking out a Credit Life policy. South Africa is facing so many uncertainties regarding the rising costs of living expenses and the recent grey listing status, which will ultimately also lead to an increase in debt. Read: Budget tips for surviving South Africa’s […]
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Debt isn’t exactly a fun topic to chat about. It’s often misunderstood, and the stigma surrounding it can make you feel isolated – especially when over-indebted. But here’s the truth: debt is more than just a financial responsibility – it can quickly spiral from a manageable tool to a full-blown crisis. Recognising the warning signs […]
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