If you're in the market for a car, you have probably made peace with the fact that you'll have to borrow money from the bank in order to buy it - but is this really true? There are many good reasons to avoid taking out loans and buying a car on credit: The difficult application [...]
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It makes sense that credit giving institutions perform some form of test on each applicant in order to assess whether they will be able to pay back their loan or not, with this process actually known as a credit check. A credit check is ultimately a key determinant in whether your respective credit application is [...]
Being blacklisted in South Africa can be a crippling experience, particularly when you are being denied credit for an event that occurred far back in the past. It can also be indescribably frustrating. Fortunately, there are a number of steps that you can take to ensure that you get off the credit blacklist and back [...]
The time has come; you need to buy a car, but you’re blacklisted.... Being blacklisted is not a walk in the park. Your credit score will undoubtedly cause a lot of upset for you, especially when you need to buy a new car. Vehicle finance options for blacklisted individuals are limited, but not impossible. If [...]
We have all heard of Uber and maybe you have even made use of the service before. Uber connects passengers and drivers effectively, affordably and most importantly, quickly. Need to get to the airport to catch your flight? Want a night out on the town without the risk of driving under the influence? Uber makes [...]
Believe it or not, applying for vehicle finance with the bank is not the only way that you can finance the purchase of a new car! While there are alternative car financing routes on the market, it is always advised that you work out your budget before making a decision. Not all options are viable [...]
A sound benefit of debt review (debt counselling) is that it can ensure that your assets are protected from credit providers, meaning that no legal action can be taken against you while under protection. However, the disadvantage of this is that you won’t be able to apply for any further credit while under debt review. [...]
There’s no denying the fact that having your own vehicle is essential in South Africa. For most people, qualifying for vehicle financing is the first step in the process of owning a car – but should you necessarily opt for bank vehicle financing? Here are a few reasons why you may want to give the [...]
Many people overlook the option of renting or leasing a vehicle when looking to buy a car. The concept of rent to own car programmes is in many ways a great deal more beneficial to consumers than acquiring vehicle finance and buying your own vehicle outright. An initial and welcome benefit of rent to own [...]
Knowing what your credit score is can be truly empowering, especially if you plan to apply for finance in the near future. In South Africa, the credit score is what determines the outcome of a loan application. Whether it is vehicle finance, a bond or similar – the credit score is vitally important. As a [...]