Money Articles

  • CAN YOU TRUST ROBO-ADVICE PLATFORMS?

    2017-10-04

    Films and television shows either portray robots as goofy heroes (think C-3PO in Star Wars) or the killer machines with the intention of ending all human life and taking over the world (Terminator). While they may not yet be threatening human existence they are increasingly becoming part of our lives. 

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  • TOUGH QUESTIONS TO ASK BEFORE APPLYING FOR A PERSONAL LOAN

    2017-10-02

    “I want it and I want it now!” That isn’t your 3 year old talking - it’s the voice in your head telling you how badly you need that new state of the art smartphone with all the bells and whistles (when you actually have a phone that works just fine). The fact that we have such easy access to credit and finance nowadays doesn’t help when it’s coupled with very smart advertising and marketing.  A perfect recipe for disaster!

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  • 5 BIGGEST MISCONCEPTIONS AROUND CREDIT REPORTS

    2017-10-02

    The term “credit report “may sound familiar to you but do you fully understand what it means and what it offers? In today’s volatile economic state it is vital that you understand and check your credit report in order to manage your finances optimally. 

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  • 5 COMMON PENSION MISTAKES YOU COULD BE MAKING

    2017-10-02

    Saving for your retirement is important because you want to live out your golden years enjoying life and not worrying about how you can get more money to pay the bills. If you do have a pension pot of some kind, that’s a good thing. But what if you don’t or are going about it in the wrong way? 

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  • 5 DIFFERENCES BETWEEN PERSONAL AND STUDENT LOANS

    2017-10-02

    When it comes to studying further, the challenge often tends to be the affording of fees. For many South African students, as recently highlighted by the Fees Must Fall campaign, affording to pay university fees for some are not realistic. This is where many resort to either personal or student loans.

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  • CAN YOU TAKE OUT ADDITIONAL CREDIT AFTER DEBT CONSOLIDATION?

    2017-10-02

    The purpose of debt consolidation is to assist customers in financial distress by combining their debt and allowing them to service it through one affordable instalment over a longer period, states Rekha Ramcharan, Absa’shead of personal and business lending for retail banking. But once you’ve consolidated your debt, can you take out new credit? 

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  • CAN DEBT BE CONSOLIDATED USING A CREDIT CARD?

    2017-10-02

    When paying off debt from several accounts, it may be wise to consolidate it into a single account. This assists you in paying off your debt faster by allowing you to make a single, monthly payment at a lower interest rate. It is usually consolidated through secured loans, like a house or car, but debt consolidation can also be done using a credit card. 

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  • HOW CAN DEBT CONSOLIDATION GO WRONG?

    2017-10-02

    People who tend to apply for debt consolidation loans are either financially over extended or are heading that way. Many view it as ‘saving grace’ to their financial dilemmas, but debt consolidation has the potential to go wrong too. We look at what can happen if you don’t choose a reputable provider or if you borrow after entering into debt consolidation. 

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  • HOW CAN I FIX MY CREDIT REPORT?

    2017-10-02

    Your credit report is an important document. It tells the details of your financial status, highlights how much debt you have, your payment history, and any judgements against your name for overdue or unpaid debt. This is one of the first documents that creditors will check when you apply for credit. If you have a bad credit history, you most likely will not be granted a loan.

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  • HOW CAN I SAVE FOR MY SUMMER HOLIDAY?

    2017-10-02

    Holidays can be expensive to pay for, but if you’d rather not use a form of credit like your credit card or personal loan to pay for it then it’s possible to save for it. All you need is patience, time and perseverance.

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Total Articles: 204