Tag Archive for debt

Consumers under pressure

Although budgets continue to be tight for South Africans, the majority of consumers appear to be attempting to take their debt in hand, with a slight improvement in credit health. According to the latest TransUnion SA Consumer Credit Index (CCI) for the third quarter of this year, the repayment behavior of consumers improved to some…

Keep your credit in shape for summer

At least 48.4% of credit-active women are in financial distress. Women are renowned for their love of shopping. Recent statistics from the credit bureaus back this up, showing that 48.4% of South Africa’s credit-active women have negative information – such as defaults or failure to make regular repayments – on their credit records. Robyn Farrell,…

How to avoid having your home repossessed

The eight interest rate increases since June 2006, rising inflation, and higher fuel and food prices have made it harder for borrowers to meet their home loan repayments. Some homeowners are no longer able to meet their repayments, and the number of mortgage bond defaulters has increased substantially over the past six months, the four…