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The dangers of leaving your savings in a transactional account

The dangers of leaving your savings in a transactional account

9 June 2021 · Harper Banks

Transactional accounts are designed to receive money, which then gets transferred to other accounts, such as your savings. However, what happens when you leave money in your transactional account?

Being caught in an accident without car insurance

Being caught in an accident without car insurance

8 June 2021 · Harper Banks

Many South Africans don’t have car insurance, even if they regularly use the roads. Given the perceived expense, this seems reasonable – until they are involved in an accident.

Does a large salary guarantee a good credit score?

Does a large salary guarantee a good credit score?

3 June 2021 · Isabelle Coetzee

If you have a large income, it may appear that you will be able to handle large amounts of debt with ease and, therefore, you should automatically have a good credit score. However, the credit bureaus may not agree.

The science behind 3-for-2 deals

The science behind 3-for-2 deals

2 June 2021 · Isabelle Coetzee

We have all stood in a store aisle trying to do the math on which three items we should choose when we opt for a “three for the price of two” deal, or a “3-for-2” deal. But is there really a science to it?

6 Factors that do not impact your credit score

6 Factors that do not impact your credit score

1 June 2021 · Isabelle Coetzee

If you have entered the world of credit, you may have been warned that you need to protect your credit score. However, there are several things that won’t impact your score.

Boost your credit score with your internet or mobile phone contract

Boost your credit score with your internet or mobile phone contract

31 May 2021 · Isabelle Coetzee

It can be difficult to qualify for credit, and you may not wish to take on further debt. An easy way to boost your credit score is to have an internet or mobile phone contract in your name.

Should you invest in senior living for your retirement?

Should you invest in senior living for your retirement?

26 May 2021 · Isabelle Coetzee

Once you retire and your responsibilities and needs have changed, you may consider moving into a senior living community. But what do you really know about these facilities?

Will new bill ensure fair treatment by financial institutions?

Will new bill ensure fair treatment by financial institutions?

23 May 2021 · Isabelle Coetzee

New legislation is regularly put in place to assist consumers. Most recently, the proposed Conduct of Financial Institutions (COFI) bill aims to assist with exactly this.

Will your credit score decline if your credit utilisation is 0%?

Will your credit score decline if your credit utilisation is 0%?

20 May 2021 · Isabelle Coetzee

The credit bureaus consider several factors when they calculate your credit score, including your credit usage and habits. But what happens if you have access to credit, and you don’t use any of it?

What alternatives are there to a credit score?

What alternatives are there to a credit score?

19 May 2021 · Isabelle Coetzee

When you apply for a credit card or a loan, your new creditor will look at your credit score to assess your creditworthiness. However, is this the only indicator they can consider?

Refinance your car or pay off the existing loan?

Refinance your car or pay off the existing loan?

18 May 2021 · Athenkosi Sawutana

When the economic climate and your personal circumstances change, it’s a good idea to review your finances to match your current financial state. Refinancing your car loan is one of the things you could consider. But is it a good idea or ...

Is there a secret to managing your overdraft successfully?

Is there a secret to managing your overdraft successfully?

17 May 2021 · Isabelle Coetzee

Having an overdraft facility on your credit card is a huge responsibility – especially since you can land yourself in too much debt. We have a look at whether there’s a one-step-fix-all action you can take.

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