Blog posts in Loan Education

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Whether you’re applying for your first loan, or if you’ve had more than a few, it can always be a daunting process. Thus off we go, looking for the best advice and tool

Fincheck got some insight from the great minds at Credit Ombud. This interview provides information around consumer credit, protecting yourself and if need be, finding help when you have fallen victim to online fraud,

Most South Africans inevitably get to a point in life where they face financial shortfall and are thus forced to become a borrower as a temporary solution. While you won’t be judged for borrowing money, your payment activities reveal a lot about your habits and your personality.

In recent conversations with users, we noticed quite a few people are confused with the idea of being blacklisted. People don't fully understand how their credit reports work and therefore think they get rejected for loans because they are "blacklisted".

Credit life insurance is an insurance product that covers you (and your family) against the cost of outstanding debt in the case of death, disability or something like retrenchment. It's an important product that makes sure other people won't pay the price of your debt obligations should something happen to you.

Getting financial aid is easier than ever, but with so many loan providers that want to sell you on their product, how do you safely choose which you can trust?

We are asking all of our readers to take action with us and programs like Carte Blanche to expose fraudulent online loan operations, loan sharks and unethical loan practices by many online loan companies. Share this article with your friends and help us to help all South Africans make better loan decisions.

You’ve decided. You’ve made up your mind. You want to get a loan - and it's time to do your loan application! But, what do you need to apply for one?

Student loans are designed to help cover the costs of university tuition fees, accommodation and study material. Student loans differ from other types of loans as they may have substantially lower interest rates and the repayment schedules may be deferred whilst the person is completing their education. A Student loan enables individuals to get a degree, diploma or other formal qualifications that they would not have been able to if it were not for the loan. Luckily, there’s a host of financial institutions in South Africa, amongst the traditional banks, that focus solely on providing student loans.

We see tons of articles talking about good debt versus bad debt. But, not so many on how this is applicable for young people entering the workforce. The reality is, young employees are faced with a lot of choices and temptations! Most have just finished studying and are starting a new work. Usually, this means new-found financial freedom in the form of income!