What If I Can Not Pay My Accounts?


can't pay your accounts

There’s a large number of cases when a consumer is not able to afford to pay for their account. In such situations, the best thing is to try to negotiate an informal arrangement with creditors.

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Finance For Health: When Credit Is Crucial


Medical Loans
  • Emergencies happen when you least expect them, and it’s not always guaranteed that you’ll have cash available to cover a medical emergency, produce or appointment. What then?
  • Medical loans are a type of credit that can be used to pay for a doctor’s appointment or emergency medical procedure immediately, and repaid at a later date.
  • If you have a medical emergency, a medical loan could save your life or make a necessary medical procedure easier to pay for.

Credit Advice For About-to-Marry, Newly Married & Divorced


credit advice
  • If you’re married without a prenuptial agreement, then your assets are considered combined in marriage – and often divorce. So is your credit.
  • If you’re married with a prenuptial agreement in place, each is responsible for their own credit and credit score, and assets are often combined.
  • In community of property means no prenup, while out of community of property means with a prenup.
  • You could be held responsible for your partner’s bad credit (and the other way around) if you don’t have a prenuptial agreement in place.

What Happens To Credit After Death?


Credit After Death
  • It’s vital to think about what happens to your credit – or your partner’s – in the event of death.
  • If you’re married without a prenuptial agreement, your assets are considered combined in marriage, death and divorce. So is your credit.
  • Set up a will that says what happens to your credit and assets in the event of your death, and ensure that it can be paid if something should happen to you.
  • Credit protection and life insurance can be applied to pay outstanding credit when someone dies.

Store Credit: What it is and how to use it


Store Credit
  • Most of South Africa’s leading retailers offer the option of applying for a store card.
  • Store cards give you the option of special added benefits and discounts when you use it, and many also offer the option of credit in-store
  • Applying for a store card is easy, and usually done in-store or online
  • Store cards can be useful for building up a credit score.

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Spotting Credit Scams


spotting credit scams
  • Never give out your personal information – including your ID number or account details
  • Always verify a spe​cial offer or coupon with the company it claims to originate from (e.g. Shoprite)
  • Check whether financial service providers are adequately registered with the National Credit Regulator (NCR) by clicking on this link
  • Report scams to the relevant companies when you see them to stop the spread of scams.

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