Debt free solutions in South Africa are being sought after more frequently in the wake of the economic recession. Many people are finding that they are no longer able to cover the costs of their credit card. Let alone their numerous debit orders and account bills. Most people have never been in this situation before. And are thus completely overwhelmed by the scope of their spending. If you are one of these people and are worried that you may become bankrupt if something is not done, there are solutions for you. Your bank and other lending institutions have programs in place. That can help you to relieve your stress. Everyone has to borrow money at some stage of their lives and debt free solutions are great programs. That allow you to manage your money responsibly. One of the ways that you can do this is to find out more about a debt consolidation loan. One Solution A debt consolidation loan simplifies your debt. By allowing you to make one monthly payment at a lower interest rate to your bank. This may interest you: Getting Help With Debt How? It’s simple really. You approach your bank with clear information about your… Read More

Finance for widows and divorced Women can help when you feel stuck for cash. Assistance and planning is available to those who have no husband through death or divorce. For women who previously relied on their husbands as the primary breadwinners, financial assistance is important to consider. Nowadays, women are not confined to the four wall son the home (barefoot and pregnant in the kitchen!). But are active members of outside society and contribute to and participate in the global economy in significant ways. Essentially, the way women manage money is different to the way in which men manage their finances. Often since they balance a family life and career and have less time to consider financial factors. Nevertheless, all women to engage in sound financial planning to protect themselves in times of crisis or stress. When it comes to finance for widows and divorced women, prevention is better than cure. Acting before you become widowed or divorced allows you to plan effectively for your financial future. Whatever the future may bring. In fact, by the age of 64, 1 in 4 women on their own due to separation, divorce, or the deaths of their husbands. And of the widows… Read More

The following second bond tips are to help you with your finance options. Options on how and why you may want to apply for this kind of financial solution in South Africa. Most people don’t have the stashed cash to buy a property without some kind of financing option. And if they want to upgrade their home or do renovations, they may need some second bond tips and finance options. Perhaps you have bought a property at a good price. With the intention of doing it up and making it into the home of your dreams? Yes, your first bond will finance your brick bargain. But where do you get the money to turn it into somewhere you would actually like to live? This is where taking out a second bond can be your only choice. And is a convenient finance option since you already have taken out your first bond. This may also interest you: 3 Ways to Qualify for a Home Loan A bond is a kind of debt security and often refers to a home loan. Because houses are expensive assets, people don’t often have the cash in hand to pay for the property outright. And will… Read More

With the capabilities of the internet you can get online vehicle finance to help you buy a car. Cars are expensive assets, and getting your dream wheels without some kind of finance is often just that... a dream. Getting finance online means that you often don’t even have to leave the comfort of your own home. To get your hands on the money you need to buy the set of wheels you’re after. With more and more of our lives being conducted online, vehicle finance solutions have not been left out of these convenient technologies.  How to Qualify for Online Vehicle Finance To qualify for online vehicle finance you need to: Have a valid South African driver’s licence Be a South African citizen You must be permanently employed Have a clear credit record You must earn over R6500 per month What documents you need Although some lending institutions may require different documentation, the most common documents you will need for individual application are: A valid copy of your identification document. A valid copy of your driver’s licence Three of your most recent bank statements Your most recent payslip A document showing proof of your residential address. This document cannot be… Read More

Here we look at the difference between home loans and bank bonds in South Africa. Only a very lucky few are able to buy a property without some kind of loan. So for the rest of us, we can choose between home loans vs bank bonds to finance our home. What is a home loan? A home loan is money lent with interest for the purpose of buying a house or similar property. The lending institution will require regular payments with interest from the borrower to cover the cost of the property over time. This may also interest you: 3 Ways to Qualify for a Home Loan What is a bank bond? A bond is a formal contract in which a borrower is required to repay money lent from an authorized lender. With interest over fixed, regular periods. The interest on the bond is compound interest either monthly or annually. The term “bond” is often used in connection with money lent to pay for a house or property. A bank bond refers to a bond between the borrower and a bank that has lent him or her the money to buy the property. In other words, a bond is a… Read More

Finance relief for pensioners has recently increased due to the fact that the city of Johannesburg has recently increased the pensioners income rebate level. Before July 2011, pensioners were entitled to a R5300 income rebate on the lower levels and R9600 on the upper level, however this has now increased to R5600 for the lower level and R10300 for the higher income. Now you may be wondering exactly what this means?  Well firstly pensioners earning less than R5600 will receive a 100 percent rebate on property and those earning R5600 to R10300 will receive a 50 percent rates rebate. What is more is that if you are a pensioner on a national security grant will receive a 100 percent rates rebate. The reason for this increase says Geoffrey Makhubo, a member of the mayoral committee, is because the city has realized that pensioners are faced with financial difficulties and as a result they felt that they needed to provide them with some much needed relief. The cap for property rebates in Johannesburg is that of R1.5 million. However, should you not live in the city of Johannesburg and you are wondering why there is no finance relief for pensioners in… Read More

Finance with Real People loans and instead of gaining a creditor, why not form a partnership to help you with your endeavour. Real People was established in 2001 with the aim of “creating the operational capability of collecting on partial and non-performing consumer finance portfolios in South Africa”. They claim that their core competence is to collect unsecured debt from high risk areas in the market and turn this debt in to opportunities for a number of business sectors such as: Unsecured Credit in South Africa and East Africa Affordable Housing Assurance Educational Products Cellular Products This may also interest you: Home Loans vs Bank Bonds in South Africa If you are in the market for a personal loan and are not sure where to get one from, then why not obtain finance with Real People loans. The personal finance division of Real People offers a wide range of products that range from emergency finance, planned purchases and many other areas. The products offered by Real People offer the following benefits to customers: Flexible repayment periods No security is required Each amount is granted is based on the individuals needs and what they can realistically afford All products are priced… Read More

Edgars financial services are not what you might think. When we first heard that Edgars had financial services, we thought instantly of a store account. Which allows you to purchase products on credit. However what most people do not know is that Edgars have a wide range of financial services such as the following: Motor and household insurance Edgars offer their financial services customers the chance to cover all of the contents of their households as well as their vehicles. Their policy is underwritten by Hollard Insurance who are one of the leading motor and household insurance providers in South Africa. What is great about this service is that you can tailor your policy to suit your needs. Cellphone insurance Unfortunately all of us have had to experience either our cellphones being stolen or breaking unexpectedly. If you however get cellular phone insurance from Edgars, you will be able to replace your phone with the same model. Or something of similar value. All of this can be done for a small cost per month. The cost does however increase depending on the value of the phone. But at most, you won't be paying much every month to ensure that you… Read More

If you need to check credit records to see if you are blacklisted then there are a few different ways to go about it. Knowing if you are blacklisted will help you choose what car finance and personal loans you can apply for in South Africa. If you are wondering what a personal credit record is then Trans Union ITC explains: Your credit report contains information that has been gathered by the bureaus on an ongoing basis. From many sources that you have applied to for credit or services. Your credit report is a record of your past and current credit obligations. And shows your credit behaviour and payment conduct with your account holders and service providers Therefore it's important to know your financial history. Because you may want to apply for credit on something like a car or a home loan. Only to find out that you have been blacklisted and have no idea why or by who. This may also interest you: Vehicle Finance For Blacklisted People So now that I have gotten your attention, here are some easy steps for you to obtain your credit report. Check credit records with an annual credit report Every year South… Read More

Get loans for low credit scores under 500 and 600 points in South Africa. Because finance is available for even the lowest credit scores. 5 types of loans for low credit scores include the following: Urgent loans for low credit Personal low credit loans Car loans for low credit Debt consolidation loans low credit Microloans for low credit Loans for people with low credit scores may seem like something that are impossible to get. However this is not the case. Because more and more creditors realise that there is a market that is being neglected by the banks. Therefore people with lower than average credit records can capitalise on this kind of borrowing. If you don't already know how low your credit score is you can check on this website. Getting a loan from the bank is generally considered the safer option as banks are governed by credit laws. However if you are unsuccessful there are other avenues open to you. There is no need for you to keep buying things on your credit card and get yourself further in to debt. Because you can investigate the following options available to you. Urgent Loans for Low Credit Urgent loans are… Read More