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.

Read More

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.

Read More

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.

Read More


Latest Post