Alternative credit scores: A new way to measure creditworthiness
Traditional credit scores rely heavily on credit bureaus and financial histories. But alternative credit scores are changing the game
Let’s budget & save money this festive season
Budgeting is a crucial aspect of financial responsibility and should be a regular habit. However, December demands extra attention to budgeting due to early salaries or potential bonuses. Even amidst the joy and celebrations, nobody wants to see their hard-earned money disappear. So, how can you enjoy the festive season without draining your finances? 3 […]
Beware of scammers this festive season
As the festive season approaches, the joy and excitement of celebrations often overshadow the need for caution. Unfortunately, this time of year also provides ample opportunities for scammers to exploit unsuspecting individuals. From fake charity appeals to online shopping scams, it’s crucial for people to be vigilant and take steps to protect themselves from falling victim to festive season scams.
How to manage your accounts and finances during COVID-19
It has been an interesting few months for South Africa: We’ve remained in lockdown since March 2020. This meant that non-essential businesses were to close for a certain period of time – leaving some people unemployed, without a salary, or forced to take mandatory leave with the lucky few being able to work from home.
Compound interest: Friend and foe
It`s easy spending someone else`s money. Paying it back is another story. Defaulting on your instalments can lead to interest calculated on your interest. It can snowball quickly, so avoid lousy debt habits at all costs.
Beware of credit repair scams
Struggling with credit problems can make you an easy target for credit repair scams, which often prey on financially distressed consumers. If you’ve ever received a message promising to fix your credit score in just a few days, beware—these offers are likely scams and falsely claim to remove negative but accurate information from your credit report.
Understanding Credit: A beginner’s guide for South Africans
In South Africa, many of us rely on credit to make big purchases or cover unexpected expenses. But managing credit wisely is what really makes a difference. This guide is here to break it all down in simple terms, so you can grasp the basics and feel confident about handling your credit. From understanding how credit scores work to practical tips on staying out of debt, we’ve got you covered. Let’s make sense of credit together.