Do you know what is considered bad credit? As many as 50 percent of South Africans may have bad credit. However, many of them aren’t aware that they have it. After all, bad credit isn’t the same as terrible credit. You might feel like you’ve done everything right,…
Most important financial decisions that a person makes have some kind of relationship to the idea of interest. Interest can seem complicated, but it’s actually relatively simple once you get the general idea. There are different kinds of interest, and all of them claim to have some kind…
In 2017, there were more than 12,027,860 cars registered in South Africa and that number continues to climb. One of the most common questions we get asked is, “What credit score do I need to buy a car?” In this article, we will explore the ideal credit score…
According to the Transunion Consumer Credit Index, South Africans are borrowing more money this year compared to last. And thanks to rising petrol prices and the potential of more expensive imports, many families borrow even more. As the same families reach their credit limits on personal and store…
If you’ve ever tried to borrow money, you might’ve heard the bank officer throw around some choice words like “credit score” and “credit risk.” Ever wondered what they all mean? Well, credit risk is the potential loss a lender will incur should you fail to repay a loan.…
Credit is a big piece of contemporary life. We use it for everything from buying music online to buying homes and starting businesses. Yet, vague terms like “credit score” and “FICO score” fill the world of credit. You might find yourself asking, “What’s a FICO Score? Should I…
If you are just starting out or if you have experienced a major financial setback such as bankruptcy, then you are well aware that establishing and building good credit can be an uphill battle. In order to get good credit, you have to have good credit, or so…
There are many important milestones in life that will require you to pass a credit check: renting an apartment, purchasing a car, qualifying for a mortgage or other loan, or even getting a job. You may have heard that, for this reason, having no credit can be worse…
