How To Keep Your Debt In-Check
John Vaughan (Financial Advisor) @ Lucid Living
With the festive season over, borrowing wisely in the months ahead can mean the difference between another financially stressful year or building a solid financial footing for your family’s future. Read more
Related Posts:
NCR Offers Tips For Smarter Borrowing
John Vaughan (Financial Advisor) @ Lucid Living
Although interest rates have come down over the past few years, an alarming number of consumers are still battling to pay off their debts. Read more
Related Posts:
Illegal Vehicle Finance Schemes
Eva Smith (Attorney) @ Lucid Living
If you are in a fix and can’t afford to keep up with your vehicle repayments, speak to a debt counsellor and avoid approaching third-party companies offering to help by taking over payments. Read more
Related Posts:
What You Should Know When You Buy A Bank’s Credit Life Assurance
John Vaughan (Financial Advisor) @ Lucid Living
1. No bank is entitled in any way to force you into an expensive credit life assurance product, even by inferring that the loan will not be available if you do not buy its product. Read more
Related Posts:
Credit Life Assurance Increases Cost Of Bank Loans
Eva Smith (Attorney) @ Lucid Living
Beware the add-ons if you take out an unsecured short-term personal loan from a bank: exorbitant interest rates – in the region of 30 percent – administration charges and credit life assurance premiums could see your paying back an additional 60 percent-plus on the loan. Read more
Related Posts:
7 Innocent Ways To Damage Your Credit Score
Tristan Powys (Credit Counsellor) @ Lucid Living
You already know that late payments or a judgment can damage your credit score. But did you realize that otherwise insignificant financial decisions can also cause your credit score to plummet? Keep your credit report pristine by avoiding these potentially destructive moves whenever possible. Read more
Related Posts:
Constitutional Court To Consider National Credit Act
Eva Smith (Attorney) @ Lucid Living
A man who failed to set aside a default judgment after he could not honour the terms of his credit agreement with a bank has brought a challenge in the Constitutional Court, asking it to interpret a section in the National Credit Act (NCA) dealing with the serving of notice on a defaulter. Read more
Related Posts:
Highlights From The NCR’s Credit Bureau Monitor
John Vaughan (Financial Advisor) @ Lucid Living
As at end of September 2011, credit bureaus had records for 19.10 million credit-active consumers, an increase of 1.4% over the 18.84 million reported for the quarter ended June 2011. Consumers classified in good standing increased by 232 000, a 0.5% increase in proportion to the total number of credit-active consumers. The number of consumers with impaired records increased by 24 000 to 8.83 million. Read more
Related Posts:
Credit Score too Low for a Mortgage? Quick Fixes
Tristan Powys (Credit Counsellor) @ Lucid Living
Thanks to the 2008 housing market meltdown, getting a home loan these days can be tough. For potential homebuyers with a bad credit report, the process can be downright difficult. Read more
Related Posts:
Consumer Judgments For Debt Continue To Decrease
Staff Writer @ Lucid Living
The decline in the number of civil judgments for debt shows household balance sheets are on the mend in South Africa, an Investec economist said on Friday. Read more
