Creditors usually start sending a Section 129 letter, also called a Letter of Demand, twenty business days after an installment was due. You then have ten days to either pay the debt or respond to the letter with some recourse. It’s important to know that a section 129 letter […]
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 […]
As South Africa commemorates Freedom Day on the 27th of April, it’s an opportune moment to reflect not only on the country’s journey towards democracy but also on our personal freedoms, particularly financial freedom. Amidst the celebrations and reflections, there’s no better time to break free from the shackles of […]
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 […]
In today’s digital age, convenience often comes at a cost, especially when managing finances. Proxy payments, while convenient, can pose significant risks to South African individuals’ financial health. In this article, we’ll delve into what proxy payments are and why you should avoid them to prevent debt. Additionally, we’ll explore […]
Today being in debt is a fact of life. No matter who you are or where you live, chances are you’re in debt, either from mounting credit cards, personal loans, or all of the above. However, not all debt is bad, in fact living a completely debt free life is […]
Retiring with debt presents a unique challenge for South Africans, requiring careful planning and informed decision-making. Our comprehensive guide explores practical strategies and expert advice to help individuals effectively manage debt and achieve financial security during retirement. Join us as we explore a South African perspective on navigating retirement with […]
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 […]
As Easter is fast approaching, families across South Africa are looking for ways to celebrate without overspending or going further into debt. Fortunately, there is an abundance of budget-friendly activities that promise fun for the whole family. From outdoor adventures to creative crafts and a movie night, you can do […]
As Easter approaches, it’s the perfect time to plan a getaway and create lasting memories with your loved ones. But who says you must spend a fortune to have a fantastic holiday? Enjoy all the fun and Easter excitement without worrying about your finances with our guide to budget-friendly escape […]
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