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How youth deal with financial obstacles and manage money better
June is the month when we traditionally shout out to the youth of South Africa. However, with youth unemployment at close to 75%, it can seem as though there is little to celebrate.
Is a crypto savings account worth the risk?
Is a crypto savings account worth the risk?
Should credit bureaus notify you when your credit score changes?
Perhaps you checked your credit score today. To your dismay, you find out it’s gone down significantly. If you had realised it was going down sooner, you may have taken action to reverse the damage.
The dangers of leaving your savings in a transactional account
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
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?
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
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
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
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.
Will your credit score decline if your credit utilisation is 0%?
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?
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?
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 ...