Archive for March, 2012

Credit Market Activity Suggests The Need For Caution

There were 8,826 disputes lodged on information held on consumer credit records for the quarter ended December 2011, which was an increase of 24.8% quarter-on-quarter.

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Civil Judgments For Debt Continue Downward

During 2011, 503,528 civil judgements for debt amounting to R5.1656 billion were recorded.

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Blacklisting For Non-Payment of Traffic Fines

The debt collectors threaten to report motorists with overdue accounts to the credit bureau – warning this could “negatively affect your personal credit report”.

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Expert Advice To Boost Your Credit Score

Reaching a settlement won’t improve you credit score per se, but it will help you get more affordable monthly instalment and mean that you pay off the outstanding balance quicker – which in the medium term will improve your credit score.

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Do You Know Your Spouse’s Credit Rating?

With the prospect of a wedding, honeymoon, new home and perhaps even starting a family to pay for, building a new life together can be an expensive business, so it is vital that couples know where they stand financially.

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Treat Customers Fairly

In enforcing TCF, the authority has imposed huge fines on many firm s for misselling. In the largest yet, the FSA has just dished out a £10,5m fine to banking group HSBC for misselling products. And Barclays was fined £7,7m in early 2011.

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NCR Update 2011

Motshegare added that the NCR had recorded over a million hits on its website since it was launched and it had also received 12,080 complaints from consumers and resolved 97% of these.

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Your Path to Freedom from Debt in 2012

The beginning of a new year offers the chance for a fresh start with your budget and financial strategy. For those in debt, it should mean the opportunity to commit yourself to saving money and reducing what you owe.

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