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4 Examples of good debt to help build your credit score
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
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?
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.
Prime and repo rates: How do they affect you?
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?
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
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
We outline some of the benefits of having your own credit card, and what to consider when choosing a card.
This is why you should ask your medical scheme for an annual claims statement
Even with a strict budget, a lot can happen in a year and you may lose track of your medical expenses, especially the costs that you cover out-of-pocket. It’s important to regularly assess your medical aid or hospital plan contribution.
Make rewards programmes work for you
Many retailers and financial service providers have introduced rewards programmes, or loyalty programmes, to retain their customers and make them feel appreciated. These programmes can help you save money, but you have to know how to make them w...
These factors will fluctuate your car insurance excess
When you take out car insurance, your monthly premium is a given. However, you may also need to pay an excess amount if you claim from your policy. But which factors may increase your excess, and how can you bring it down?
Is income protection available to everyone?
If you’re involved in an accident and you’re unable to continue working, how will you ensure that your bills are paid? One way to prepare for this is to take out income protection cover. However, can you do this if you’re a ...
Aligning your financial goals in a relationship
When two people enter into a partnership through dating, marriage, co-habiting, etc, usually there‘s an enormous amount of effort spent on finding commonalities. However, this process often neglects the financial status and long term goal...