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ECONOMY-FINANCE

Common Scam in South African

Photo: Facebook According to a survey performed by consumer credit reporting organization TransUnion, digital fraud is still a problem in South Africa, even when customers are in financial distress. Scammers continue to exploit on financial vulnerabilities induced by the Covid-19 pandemic, according to Trans Union data.

  1 month ago ago
Common Scam in South African

PERSONAL-INVESTING

Bad news received for all South Africans

Most South Africans have a developing craving for credit as their possibilities decrease in the pandemic-with just 3% of studied families saying their accounts have completely recuperated. This is as indicated by an overview by TransUnion, a customer credit revealing office. It tracked down that eight out of 10 families consider admittance to credit significant, however, just 33% accept that they have adequate admittance to credit.

  2 months ago ago
Bad news received for all South Africans

PERSONAL-INVESTING

Are you blacklisted? There is a huge misunderstanding around negative a credit profiles. (Opinion).

Are you blacklisted? Why do you think you are blacklisted? Did the bank refuse to grant you an unsecured personal ? Are your accounts in arrears for more than six months? Are you under administration? Are you under debt-review? Are you sequestered? The answer to who is blacklisted is very simple.

  4 months ago ago
Are you blacklisted? There is a huge misunderstanding around negative a credit profiles. (Opinion).

AUTO

Cheapest cars available to buy from German Car makers: Audi, BMW, Mercedes Benz & VW

Thanks to the Corona Virus, the car buying habits of consumers have changed considerably and no one should blame them as the needs of their family come first.

  8 months ago ago
Cheapest cars available to buy from German Car makers: Audi, BMW, Mercedes Benz & VW

PERSONAL-INVESTING

Money Issue: South Africa Is Heading To More Bad News

Source: Families consider more loans as they 'struggle to bounce back' (timeslive.co.za) Most South Africans have a creating strive after credit as their conceivable outcomes decline in the pandemic-with only 3% of inspected families saying their assets have totally recovered. More individuals are going to advances to help their monetary circumstance.

  2 months ago ago
Money Issue: South Africa Is Heading To More Bad News

PERSONAL-INVESTING

Bad news for South Africans

Most South Africans have a developing hunger for credit as their possibilities decrease in the pandemic-with just 3% of overviewed families saying their funds have completely recuperated. This is as per a review by TransUnion, a purchaser credit announcing organization. It tracked down that eight out of 10 families consider admittance to credit significant, yet just 33% accept that they have adequate admittance to credit.

  2 months ago ago
Bad news for South Africans

ECONOMY-FINANCE

SA continue to face financial difficulties, citing job losses, salary cuts, and reduced work hours.

According to research performed by consumer credit reporting organization TransUnion, over two-thirds of South African consumers (61%) feel the epidemic continues to hurt their household income. The data was gathered before the country was rocked by the third wave of Covid-19 and related civic turmoil in July.

  4 months ago ago
SA continue to face financial difficulties, citing job losses, salary cuts, and reduced work hours.

PERSONAL-INVESTING

Families Consider More Loans As They Struggle To Bounce Back

Most South Africans have a developing craving for credit as their possibilities decrease in the pandemic-with just 3% of overviewed families saying their accounts have completely recuperated. This is as per a study by TransUnion, a purchaser credit revealing organization. It tracked down that eight out of 10 families consider admittance to credit significant, yet just 33% accept that they have adequate admittance to credit.

  2 months ago ago
Families Consider More Loans As They Struggle To Bounce Back

PERSONAL-INVESTING

Bad news for most South Africans

Most South Africans have a developing hunger for credit as their possibilities decrease in the pandemic-with just 3% of overviewed families saying their accounts have completely recuperated. This is as indicated by an overview by TransUnion, a shopper credit revealing organization. It tracked down that eight out of 10 families consider admittance to credit significant, however, just 33% accept that they have adequate admittance to credit.

  2 months ago ago
Bad news for most South Africans

BUSINESS

The importance of checking credit scores

There are many credit creck applications that one can check his or her credit worthiness. The most trusted one is TransUnion that gives a detailed access to your credit profile based on information provided by your credit providers. Though there is a certain about that needs to be paid inorder to receive the fully flesh fresh information about credit viability. At a high level your credit report is comprised of your personal information, payment profile, credit listings (such as defaults and judgments) and TransUnion

  1 year ago ago
The importance of checking credit scores

BUSINESS

South African families face a bad break ahead.

It has certainly been a rough year for the rest of the world and it does not look like things are going to get easier anytime soon. Life is not getting easier as well in SA, especially under the current conditions with the lockdown restrictions.  Many fellow South Africans are finding it very difficult to raise their heads above the water especially under these current conditions. The economy has been hit really hard and the domino effect is beginning catch up on ordinary South African citizens as job loss

  1 year ago ago
South African families face a bad break ahead.

BUSINESS

This is how much an average South Africa owes on their credit card

Credit reporting agency TransUnion has released its 2020 Consumer Credit Trends survey, outlining how the coronavirus lockdown in the country has influenced the average South African citizen's finances. Consumers have had to prioritize their personal finances with a decrease in GDP and the resulting spike in unemployment to deal with the drastic effects of the pandemic, TransUnion said. As the crisis progressed, during Q2 2020, the number of customers seeking credit, observed by the amount of inquiries, plummeted.

  1 year ago ago
This is how much an average South Africa owes on their credit card

ECONOMY-FINANCE

Consumer Finance Survey Reveal Millennial's Big Brunt Since The Global Economic Meltdown

Global consumer credit reporting agency, Transunion conducted an income level survey in all provinces. In the first week of the survey that started on 6 April, it was discovered that 79% of household income levels were impacted by COVID-19. On the second week of the survey, the number escalated to 84%.  To make matters worse 31% of consumer's working hours were reduced. Mpumalanga's unemployment rate escalated from 12% to 21%. Majority of employers struggled to pay employees a full salary. While other emp

  1 year ago ago
Consumer Finance Survey Reveal Millennial's Big Brunt Since The Global Economic Meltdown

COVID

Nine out of 10 South Africans worried about paying bills as Covid-19 bites further

The same number of as 91% of South Africans are worried about having the option to cover tabs and credits four months into the Covid-19 pandemic, as indicated by a TransUnion study discharged on Monday.  TransUnion has led week by week studies on how much shoppers in SA have been influenced by the lockdown.  In the past reviews, lease and utility installments were the two bills that buyers were generally worried about having the option to pay.  "In any case, this month the best two bills that buyers are generally

  1 year ago ago
Nine out of 10 South Africans worried about paying bills as Covid-19 bites further