Archive for Debt
How To Keep Your Debt In-Check
Start with revising your budget, cutting back on unnecessary spending, and looking for better deals on everything from your car insurance to your cellphone, is a good way to make sure that you are able to make a dent in your debt.
Read moreNCR Offers Tips For Smarter Borrowing
“Before consumers sign credit agreements, they need to understand the cost of credit and the terms and conditions of different credit agreements,” advises the NCR.
Read moreTips To Avoid The Festive Debt Trap
Consumers spend too much at Christmas and fall behind with their debt repayments in the new year. Consumers need to spend wisely in the festive season and start the new year debt-free.
Read moreChristmas – 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 moreDon’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 moreGood 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 moreSouth 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 moreHow Much Do You Owe? Guess Again
And that leaves ignorance: The possibility that Americans simply don’t know how much they owe.
Read moreConsumers Curb Debt
FNB said customers had become far more aware of costs and were consolidating their high-cost credit card debts with less-expensive fixed-term debt.
Read moreSaving VS Debt
Financially it makes sense to pay off your debts first before saving. This is because you are paying anywhere from 15% to 30% for short-term debt and at most you would grow your savings by 12% in the current markets, so effectively paying off your debt provides a better return.
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