If you have more debt than you can handle you might want to consider some form of debt relief. While South Africa offers a variety of debt relief options, you’ll need to find the best one that fits your financial situation. A debt consolidation loan might be an option, but is it the best option… Continued
The coronavirus has had a huge impact on our economy. South Africans are taking the necessary steps to combat the financial strain. Banks have stepped up by offering payment holidays to their customers. Although payment holidays will offer immediate financial relief, it will cost you in the long run. It is great that banks have… Continued
Lockdown. That dreaded word that has caused most of us to struggle financially. Between salary cuts and job losses, many of us are feeling the pressure. Although the government has stepped in to help some South Africans cope financially. These funds are not a sustainable solution. Find out more about the relief fund here. You… Continued
There is no question that we will experience an economic downturn during 2020 and for some time beyond. The current trend has created a debate as to where exactly the economy is heading. Some economists say we’re heading for a global recession, while others predict a global depression. One thing is certain though, an economic… Continued
Education is expensive. Although some families are lucky enough to save for education, it’s not always enough. Majority of students have to pay their own way through university or college. And starting a career with a ton of debt is not ideal. Pay off your student loan like a boss and build a stronger financial position for… Continued
Payday loans have become very common among young South Africans. Maybe you’ve even taken out a payday loan yourself, if not, you’ve probably heard about it before. If you haven’t taken out a payday loan before, good for you! They’re really bad! But if they’re so popular why should you stay away from payday loans? … Continued
If you’re stressed out because of money, it’s okay. You’re not alone. Studies have shown that the average person experiences 4 stressful life events each year. Those could include ending a marriage, not being able to provide for kids or being over-indebted. These are all very stressful experiences. The study found that money was the main driver for being stressed out.… Continued
Studies have shown that South Africans spend, on average, 63% of their after-tax income on debt. That’s pretty shocking. Spending most of our income on debt means that we have less to spend on the things that matter most. While consolidation loans may seem like a great idea, the long-term effects are not worth it. The… Continued
Your credit score could be the most important number connected to your name. The three-digit number contains information that shows how well you manage your credit. And creditors like to use this number to weigh you up against other consumers. They use this information to predict whether you’ll be a good or bad consumer. How… Continued
Help your employees get out of debt There are currently 25 85 million credit-active South Africans and approximately 40% of them are stinging with debt. And this likely includes your staff Employee financial wellness is a vital part of a company’s success. It helps retain top talent and job performance. With so many consumers struggling… Continued
We look forward to the opportunity to get you debt-free!
