Guiding consumers since 2009

Demand for credit on the rise

By Staff Writer

Demand for credit on the rise

From Fin24

Growth in demand for credit by South Africa's private sector quickened to 20.28% year-on-year in June from 19.74% in May, central bank data showed on Tuesday.

Justmoney.co.za says:

It may not seem like it in these over indebted times, but people actually want more credit. So if you really feel the need, make sure you get the best buy out there. Compare credit cards, open savings accounts, take out a personal loan, consolidate your debt, release equity from your house. Whatever it is that you do, consider all the options and seek professional advice if you are not sure.

 

Recent Articles

Featured Times are tough, but keep your debt under control

While the whole world is going through a rough patch, you may also be feeling the pinch. With the country in crisis, it may be difficult to keep up with your debt instalments. However, abandoning your debt obligations is not the solution.

Debt Series Part 2: Interest rates - unpacked

In the second part of our Debt-ucate series we explore interest rates –from how to get a better rate to what influences it, and how this affects the cost of your debt.

Debt counselling – the two sides of the coin

Being overindebted doesn’t just put a strain on your personal finances; it also puts a strain on your state of mind. The best solution is to start the process of debt counselling so that you can escape the debt cycle. But what are the ups and downs of joining this debt relief programme?

Travel ban – how to claim for the loss incurred

As with the recent Covid-19 pandemic, governments sometimes issue travel bans to prevent people from travelling to other countries. This becomes even more complicated if you’ve already planned and paid for your trip. Your flights will be cancelled, and you may lose money from cancelled accommodation arrangements. How do you claim for the financial losses incurred due to a travel ban?

Deals

Get 30% back when you fill up with your Absa card

Price: Available on request
When: Daily
Where: Nationwide

Get 50% back in eBucks when you apply for an FNB home loan

Price: Available on request
When: Daily
Where: Nationwide

Get 50% off your online fees when you pay with Capitec card

Price: Available on request
When: Daily
Where: Online