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.
6 ways to avoid a holiday debt hangover
Here are a few tips on how to make it through the season of spending without incurring a load of holiday debt.
8 tips to manage your debt better, today
No matter what type of debt you’re in — whether it is credit card debt, student loan debt, vehicle finance, or something else, it is important to know how to manage it effectively.
Five financial habits that impact your Splendi credit score
Building and maintaining a solid credit reputation requires knowledge of the factors that influence it.
Using your credit responsibly
Being responsible with your credit means living within your means and not spending beyond what you can afford. When you use your credit, keep an index card in your wallet and write down the purchases you make. That way there will be no surprises when your statement arrives in the mail. You will also be able to keep a handle on what you are spending. Make sure you are charging only what you can afford to pay.
Know your rights: how the national credit act protects you
Getting caught in a debt trap is no joke. Taking on more debt to pay your outstanding loans can quickly spin out of control.