Archive for November, 2011

Credit Reports In Employment Screening

The use of credit reports in employment screening has increased dramatically, in recent years. Employers view a poor credit report as a predictor of potential financial mismanagement and fraud, in the company.

Read more

ID Theft Increases Over Festive Season

Department of Home Affairs announced recently that it had eliminated 84 000 illegal “duplicate” IDs over the past year. However, a further 130 000 were still to be recovered.

Read more

7 Mistakes Parents Make Teaching Kids About Money

According to a new survey, one in three parents are more prepared to talk to their kids about drugs, alcohol, or sex and dating than they are to talk with them about money.

Read more

Credit Report #1 Reason For Home Loan’s Being Declined

“However, the result is often the same as both a negative credit report rating and an adverse listing (blacklisting) on your name can seriously hinder your ability to secure home loan finance.”

Read more

Christmas – A Time To Save

The panel encouraged consumers to think of creative and cost-effective gifts for Christmas. They leaned toward a saving, rather than a spending theme, over the festive period.

Read more

Don’t Over-Spend This Festive Season

The NCR is focusing on educating consumers about using credit responsibly during and after the festive season and spending within their means.

Read more

Banking Charges Lead To Credit Bureau Blacklisting

Most customers mistakenly believe they do not need to obtain a copy of their credit report from the credit bureau especially when they do not owe or have never defaulted on a bank loan. But there are many pitfalls that can get you blacklisted, without you necessarily being a bad borrower.

Read more

Bank’s Penalty Fees For Rejected Debit Orders Under Investigation

NCC said low-income earners were particularly vulnerable and some domestic workers, for example, had paid 10% of their salaries in declined debit order penalty fees.

Read more

Good Debt vs. Bad Debt: How to Balance Your Credit

Having the wrong balance of credit types can mean a significantly lower credit score, and that can lead to higher interest rates, lower credit limits, and in some cases, denied credit applications.

Read more

South Africans Drowning In Debt

Debt counselling agencies are swamped with 276,601 applications for debt reviews – a last-ditch intervention to allow consumers to restructure debt to avoid blacklisting or repossession.

Read more