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Debtors Can Reinstate Credit Agreements
Reinstatement of Credit Agreements Last week, the Constitutional Court passed a judgment that throws a lifeline to struggling debtors. A ruling that was applauded by Socio Economic Rights Institute (Seri). The court ruled that debtors in arrears could reinstate their...
Teach Your Children to Use a Credit Card Wisely
Having to manage the finances of your children on top of your own can be wearisome, particularly if they aren’t living at home anymore. However, you can turn this into an opportunity to teach your children how to use a credit card wisely – an invaluable skill to have...
SA Food Prices are about to Skyrocket
Bread Prices On April 8, the Treasury announced a 34% import duty hike on wheat prices – the highest on record, which means consumers can expect bread prices to increase by at least 10%. This bread price increase excludes the impact of recently hiked electricity...
Fuel Levy – Petrol Price Hike in April
The Fuel Levy April will bring a petrol price hike of 30 cents via the ‘Fuel Levy’ – yet another blow to financially troubled consumers. The Fuel Levy will increase from R2.55 to R2.85 per litre, according to the Automobile Association (AA). The Fuel Levy is a tax...
How to Exit Debt Review Smoothly
Before the Amendment The National Credit Amendment Act (NCA) introduced in March this year specifies when someone can exit debt review, if they wish to do so. Before the NCA was amended, you were legally bound to settle all of your debts as agreed to in the...
What’s the Deal with Tax-free Savings Accounts?
Unrealistic Bank Charges Extortionate bank charges are putting low-income consumers off tax-free savings accounts and understandably so. Individuals who have only a small amount to invest are better...
15 Hard Truths Consumers Face after July Rate Hike
After the Monetary Policy Committee (MPC) meeting, newly appointed South African Reserve Bank (Sarb) Governor, Lesetja Kganyago announced a July rate hike by 0.25% or 25 basis points. 4 MPC members favoured a 0.25% repo rate increase, while 2 MPC members were in...
How Does It Work?
Applying for a Blacklisted Loan - How Does It Work? Viva Le Digital Age The internet is continually sculpting and rerouting every facet of the way we communicate, socialise and conduct business. However, in recent times, it has begun to dissolve the physical...
What does it mean to be blacklisted?
You are referred to as ‘blacklisted’ if you have fallen behind on your credit repayments for three months or more. As a result, credit providers inform the credit bureaus, who then list you as a high-risk credit user. Furthermore, attorneys who have obtained a...
Blacklisted Loans and The National Credit Act
If you are wondering about Blacklisted Loans and The National Credit Act (NCA), you may be interested to know that the term ‘blacklisted’ is not used in the NCA. Though it is often used in the lay context to identify a person who has a negative credit score or bad...
How being blacklisted affects you
Do you know exactly how being blacklisted affects you? The term, ‘blacklisted’ can be pretty misleading, in that it implies you have been added to some sort of naughty list when, in fact, there is no dark, ominous ‘Black List’. The truth is all credit users have a...
How to check if you are blacklisted
You may be wondering how to check if you are blacklisted. Well, how it works is each credit bureau is required to provide you with one free credit report per year, should you request a copy. If you ask to be sent more than one credit report in a year, it will cost...
How do you get clearance from being blacklisted?
How do you get clearance from being blacklisted? Committing yourself to getting clearance from being blacklisted is a very big step and will take you half the way there – so stick to that vow, stay motivated and take it one day at a time and, before you know it, you...
Are you in debt?
IN A TIGHT SPOT, TRAPPED? We can assist you with short-term loan Helping you get back on your feet again! We offer an online application process that gives you quick results! Quick pay Out! Hassle free! When the end of the month comes, do you end up needing to pay...