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Can you cancel your credit life cover?

Can you cancel your credit life cover?

24 December 2020 · Isabelle Coetzee

When you take out a credit agreement, it often includes credit life cover to settle your outstanding debt in dire circumstance. Cover conditions include, for example, retrenchment or the onset of disability. But this cover does come at a cost, s...

Struggling to find a gift for your loved one? Help them with their debt

Struggling to find a gift for your loved one? Help them with their debt

22 December 2020 · Isabelle Coetzee

The holiday season is around the corner, but rather than being excited about the festivities that lie ahead, you may be fretting about what to get your loved ones.

What are the dangers of taking out a “Christmas loan”?

What are the dangers of taking out a “Christmas loan”?

20 December 2020 · Isabelle Coetzee

As you worked out the budget for the gifts you plan to buy your loved ones this Christmas, you may have realised that what you want to give them is outside your means. To make your budget work, you may have considered a payday loan, or a “...

4 Examples of good debt to help build your credit score

4 Examples of good debt to help build your credit score

17 December 2020 · Isabelle Coetzee

Taking out credit can cost you monthly instalments for many years, along with large interest payments and credit life cover, the latter in case you default. But as demotivating as debt may seem, there are actually good reasons to consider pursuing credit.

Debt levels reach beyond 80% in consumer group

17 December 2020 · Staff Writer

In a bid to find out how indebted South Africans are, JustMoney conducted a survey that attracted 190 respondents. The survey was conducted in November 2020, and every participant had 13 questions to answer.

Should you run your personal expenses through your business?

Should you run your personal expenses through your business?

15 December 2020 · Isabelle Coetzee

When you're the owner of a small business, your own finances are so strongly tied to your venture that the line between personal and business expenses may become blurred. However, this can land you in some trouble when it comes to taxes.

3 Tips to maintain your credit score

3 Tips to maintain your credit score

13 December 2020 · Athenkosi Sawutana

With the cost of living ever increasing, honouring your credit agreements can be difficult. However, it’s essential to make your repayments on time, as failing to do so will damage your credit score, and your ability to obtain further cre...

Prime and repo rates: How do they affect you?

Prime and repo rates: How do they affect you?

12 December 2020 · Athenkosi Sawutana

When we talk about borrowing money, terms like the repo rate and the prime lending rate tend to come up. But what are they and how do they affect you?

Could retirement savings be used as collateral for loans?

Could retirement savings be used as collateral for loans?

9 December 2020 · Isabelle Coetzee

If you’re saving for retirement, your monthly contributions will slowly grow into a noteworthy asset. But did you know that you can use this as collateral when you take out a home loan? This has been possible for some time. However, it ma...

7 Ways to repair your credit score if you are subject to reckless lending

7 Ways to repair your credit score if you are subject to reckless lending

8 December 2020 · Isabelle Coetzee

If your creditor does not follow the proper protocols when offering you credit, they may be guilty of reckless lending. As a result, your credit record may suffer a blow. If this happens to you, how can you address it?

Benefits of getting your first credit card

Benefits of getting your first credit card

7 December 2020 · Isabelle Coetzee

We outline some of the benefits of having your own credit card, and what to consider when choosing a card.

If you save your money in cryptocurrency, will you sidestep losing through inflation?

If you save your money in cryptocurrency, will you sidestep losing through inflation?

5 December 2020 · Isabelle Coetzee

At the height of their popularity, cryptocurrencies were the go-to investment for trendy millennials. They have since stood the test of time, and many consider this a healthy investment choice. So how do cryptocurrencies hold up against inflation?

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