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Good debt vs bad debt – is there a difference?

31 October 2018

Living debt free is a dream many of us strive for, but the reality is that very few of us earn enough money to buy life’s important assets such as a home, car or university education with cash savings. Secondly, even if you could live debt-free, it might not be the savviest financial choice to dig into your life savings and leave yourself without any financial backstop in an emergency, or cash to invest for your retirement.

40% of credit is being provided recklessly in South Africa

06 September 2018

Around 40% of the credit provided by the country's top ten credit providers appears to be reckless according to the recently released Reckless Lending Indicator, developed by debt counselling firm DebtSafe.

Credit life insurance – what it covers, why you need it and what you should be paying

07 June 2018

Despite the fact that credit life insurance provides invaluable protection to the policy holder in the event of them not being able to service their loan repayments due to death, disability or retrenchment, most people are unaware of even having this cover, how much they are paying each month, what the benefits are, or even how and where to claim. This is one scenario where ignorance is NOT bliss, and could be costing you a huge whack of money every year that you need not be spending.

Short-term loans not a quick fix

16 March 2018

The South African retail sector enjoyed increased levels of consumer spending during the December 2017 shopping season, according to point of sale data released by BankservAfrica earlier in February. It revealed that South Africans spent a total of R5.6 billion, compared with the same period in 2016 which saw total spend of R5.1 billion.

quick poll

Question

If you had to hazard a guess, when do you reckon the COFI Bill will be signed into law?

Answer

2026, as promised 2027 looks more likely Impossible to say More consultation needed

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