Credit providers use your credit score to measure their risk in taking you on as a client before they approve or decline your application for credit, or for an increase in your credit limit. Your credit score is calculated by a credit bureau and while it is based on your Read more…
There certainly is an argument to be made that no debt is good debt. But borrowing money and taking on debt is the only way many people can afford to purchase important big-ticket items like a home. While those kinds of loans are usually justifiable and provide value to the Read more…
Sometimes, nothing beats an old fashioned book when it comes to learning about a specific topic. These 10 personal finance books can help you get started on your journey into personal finance. The internet is a great source for information about personal finance. If you want to know how an index Read more…
What’s the difference between savings and investments? A savings account is typically no-risk. You earn interest on the money you save; your initial capital is guaranteed and it’s more easily accessible if and when you need it. This type of account enables you to save money for a specific purpose, Read more…
Mashonisas are the heart of South Africa’s unregistered credit market. New research reveals that up to 40,000 of these “loan sharks” may be operating in South Africa. Mashonisa is an Isizulu term rooted in the word Shonisa; to impoverish. Roughly translated, a mashonisa is a neighbourhood loan shark, typically operating on Read more…