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Is it worth the penalty to settle your personal loan early?

Is it worth the penalty to settle your personal loan early?

28 September 2021

If you have a personal loan, and you just received a bonus or an inheritance, you may be considering settling your loan in one go. However, did you know that this comes with penalties?

Car subscriptions - ownership redefined

Car subscriptions - ownership redefined

9 August 2021

Having your own car allows you the convenience of travelling anywhere you wish, at will. But owning a car comes with its own problems, such as the expense of services and insurance. The process of buying a car can also be quite daunting. But is ...

Unsecured debt 101: Use it responsibly

Unsecured debt 101: Use it responsibly

11 July 2021

The emergence of COVID-19 has dramatically changed our lives. The financial impact has been sweeping and has resulted in massive job losses, business closures and salary cuts.

Stuck on a financial product? The cost of loyalty

Stuck on a financial product? The cost of loyalty

12 May 2021

When you find a financial product that works for you, you may stick with it. However, what happens when you unswervingly stick with the same product for 10 years?

Should you take out a personal loan for your wedding?

Should you take out a personal loan for your wedding?

8 April 2021

You may not have considered the costs of your wedding yet. We have a look at whether a loan could be an option, how to take one out responsibly, and what alternatives you have.

Is good debt a good reason to take out a personal loan?

Is good debt a good reason to take out a personal loan?

23 February 2021

When you’re in a pinch and you need to borrow money, you may reach out to a creditor for a personal loan. The upside of this kind of loan is that you can spend the money on anything you choose. However, just because you can use it for any...

Can a personal loan save you money?

Can a personal loan save you money?

16 February 2021

A personal loan can be a useful tool to achieve your financial goals. It can help pay for your children’s education, house renovations, and medical expenses. But can it be used as a tool to save you money?

Be careful of credit scams – protect yourself!

Be careful of credit scams – protect yourself!

28 September 2020

When people are desperate, they become vulnerable to fraudsters who are after their hard-earned money. Have you fallen victim to credit scammers? Do you know how to protect yourself when confronted by fake credit providers?  

COVID: Selling a house in the time of Covid-19

4 August 2020

Selling your house can be one of the biggest challenges you’ll ever encounter in your life. This is not only because of the time and money spent investing in it and your accompanying emotions, but also because of economic factors. But is ...

Can you get a personal loan while under debt counselling?

Can you get a personal loan while under debt counselling?

15 July 2020

You may find yourself in a financial rut, undergoing debt counselling. While you might consider taking out an additional personal loan – this may not be the answer to your problem. We explore the legalities and whether or not this is an o...

Should you take out a loan during a recession?

Should you take out a loan during a recession?

14 May 2020

South Africa recently entered its second recession in two years, after the economy contracted 1.4% in the fourth quarter of 2019.  When the country is facing turbulent times, personal finances also get affected, and sometimes debt becomes n...

7 Factors to consider when reading your loan agreement

7 Factors to consider when reading your loan agreement

18 March 2020

Many people do not properly read their loan agreements. They just sign on the dotted line without realising that they could be signing their lives away. It’s important to review your loan agreement before and after taking out your loan to av...

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