Bank credit assurance can ramp up cost of loans
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Bank credit assurance can ramp up cost of loans

Bank credit assurance can ramp up cost of loans Beware the add-ons if you take out an unsecured short-term personal loan from a bank: exorbitant interest rates – in the region of 30 percent – administration charges and life assurance premiums…
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SA needs to dig itself out of the chasm of debt

SA needs to dig itself out of the chasm of debt Mr  X was awarded 12 loans from one bank over a nine-month period – without being able to cover the payments for the first loan he took out. ” South Africans spend money they have not…
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Pay your fines or get a bad credit listing

Pay your fines or get a bad credit listing Gauteng motorists with unpaid traffic fines could get negative marks on their credit records according to threatening letters they are receiving. The National Credit Regulator (NCR) says that outstanding…
credit
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Ask for a quote before accepting credit - NCR

The National Credit Regulator (NCR) advise consumers to get savvy and that they should ask creditors for a detailed quotation before accepting credit. Further they recommend thinking about the offer rather than just signing it automatically. The…
debt counsellor
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Sign a POA with a debt counsellor to cancel debit orders

When a consumer joins debt review they normally sign a POA or Power of Attorney with their debt counsellor. This enables the Debt Counsellor to do certain things on their behalf such as cancel a debit order. Standard Bank now want to get…
consolidation loan
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No true consolidation loan

There are some credit providers who offer consumers what they call a “consolidation loan“. These loans can be used to take all the various loans (or credit) a consumer has with various creditors and lump them all together (by paying…
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NCR shift the blame

NCR shift the blame The NCR have recently been getting complaints about the NCR debt help system. This is a computer program used by Debt Counsellors at the behest fo the NCR to update them about the status of consumers under debt review. (even…
Creditors overcharging for insurance
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Creditors overcharging for insurance on credit?

Creditors overcharging for insurance on credit? At the end of last year Treasury (Along with the NCR and FSB) arranged for a special task-team to investigate insurance products which are bundled with credit products ( Credit Insurance ). When…
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When a consumer applies for debt counselling

When a consumer applies for debt counselling When a consumer applies for debt counselling the Debt Counsellor will ask them to fill in a form with information relating to their situation. The first part of the form will be about where you live,…
Carte Blanche talk about Debt Review
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Carte Blanche talk about Debt Review

Carte Blanche talk about Debt Review After a brief look at the psychology behind consumer spending and what part of our psychology marketers use to get us to spend the Carte Blanche episode focused in on the fact that consumers are spending…