Will The New Debt Relief Bill Allow Me To Completely Write Off My Existing Debt? 14 Points To Consider
It’s done and dusted! President Cyril Ramaphosa has signed the National Credit Amendment Bill (the Debt Relief Bill) which could help thousands of South Africans completely write off...
The Maximum Amount Of Interest You Can Be Charged On Your Personal Loan?
Desperate times often call for desperate measures. A recent Consumer Credit Market Report released by the National Credit Regulator indicated that a staggering 10,75 million credit applications were...
What should you do if you get a final Letter Of Demand?
Stick up your hand if you have a few credit agreements in place? Now stick up your other hand if you’ve fallen behind with some of your debt...
You Have The Right To Know Why Your Credit Application Was Refused
The thing about “consumer rights” is that most consumers aren’t even aware of them! In fact, there are several pieces of consumer-focused South African legislation that have been...
Feel Like You’ve Been “Duped” Into Signing A Credit Agreement?
“Just sign here and here and remember to initial on each page” mutters the salesman who clearly seems unimpressed that he couldn’t switch out his Saturday morning shift....
Ways You Can Spot A Personal Loan Email Scam
If you have an email address, you probably get a bunch of promotional mail delivered to your inbox every day. It’s a bit like post you receive in...
It’s illegal for credit bureaus to hold this information on you
A credit bureau report (which BTW is free once a year) is important for consumers to access because it might contain negative information which could influence interest rates...
What’s the difference between a Payday and a Personal Loan?
You’ve finally decided to get into shape because your current shape is completely unrecognisable. That New Year’s resolution list, you knocked out on the beach 5-months ago (with...
How much can I be charged when I take out a loan?
There always seems to be far more month than money left in your bank account, and unless you can miraculously cash in on the Lotto Powerball ticket, pinned...
What exactly is a credit bureau?
Put up your hand (nobody is watching), if you’ve ever been in the following situation? On a whim, you’ve decided to apply for “credit”, a store clothing account...
