Money Articles

  • IS A DEBT CONSOLIDATION LOAN THE RIGHT CHOICE FOR ME?

    2018-04-06

    When you have more loans than friends and you feel your only reason for living is to repay them, debt consolidation may be a way to simplify your life and your worries.

    A debt consolidation loan allows you to combine all your loans into a single, manageable one. This way, you only have one creditor – and one amount to repay.

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  • THIS IS HOW INTEREST RATES AFFECT YOUR LOAN REPAYMENTS

    2018-04-06

    On 27 March, the South African Reserve Bank (SARB) cut interest rates by 25 basis points. Of course, this was a welcome change to South Africans, who are the most indebted in the world, according to the World Bank.

    Question is, do you know how these changes will affect your loan repayments?

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  • COLLATERAL - THE MAIN DIFFERENCE BETWEEN A SECURED AND UNSECURED LOAN

    2018-04-06

    Deciding on the type of loan to take normally depends on the circumstances. For instance, when buying a house, one may be spurred to take a secured loan, and an unsecured loan when buying furniture.

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  • PERSONAL LOANS NOT AVAILABLE TO NEW EMPLOYEES

    2018-04-06

    Employment is one of the significant factors when applying for a personal loan. After all, no creditor will lend you money until sure that you have some form of income and you are able to pay it back. But does that mean you can run to the bank and apply for a loan the minute you start working? The answer is no. Barbara Mundell, technical specialist at the Financial Planning Institute of Southern Africa (FPI), elaborates.

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  • BANK ACCOUNTS FROZEN AFTER YOU DIE - WHAT HAPPENS TO YOUR FAMILY?

    2018-03-05

    In the event of death, the bank closes a client’s bank account.  This may present many challenges to the family that is left behind as they cannot access the accounts. However, all is not lost as the law makes provisions for such occurrences.

     

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  • THE CONSEQUENCES OF DEFAULTING ON YOUR LOAN

    2018-02-08

    A personal loan may be exactly what you need. But before you jump into the deep end, you should understand the consequences of belly-flopping on the surface and nose-diving into the floor. 

    After you receive your personal loan, you will be required to pay it off over time. But what happens if you can’t make your payments? 

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  • WRONG REASONS TO TAKE OUT A PERSONAL LOAN

    2018-02-07

    Taking out a personal loan is a huge, long-term commitment. You shouldn’t make this decision on a whim or take the consequences lightly. 

     

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  • CAN I TAKE OUT A PERSONAL LOAN IF I AM A FOREIGNER?

    2018-01-31

    According to Standard Bank the short answer is yes. “Banking needs are similar for everyone irrespective of where you live and or study throughout the world,” states Standard Bank. 

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  • GETTING YOUR PERSONAL LOAN APPROVED

    2018-01-25

    Personal loans are the most popular type of loans because of their versatility, as well as the most despised loans because of their high interest rates. 

    If you need money to pay for anything, from home renovations to outstanding medical bills, then a personal loan is the best choice for you. But since this type of loan is not secured to an asset, like your car or home, the interest rates are notoriously high.

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  • New year, new you – make 2018 the best financial year yet

    2018-01-03

    New Year’s resolutions are so last year… Let’s face it, most people don’t stick to them anyway.  Which is why we have resolved to not set ourselves up for failure with grand (almost insurmountable) resolutions this year.  Instead, we’re dishing out handy (simple and do-able) tips to make 2018 your best financial year yet.

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Total Articles: 293