A major problem with credit life insurance in South Africa, is that consumers are very uninformed when it comes to this type of insurance. We explain more in today's lesson in Part 2 of 4 about Credit Life Insurance.
In this blog series, we will be taking a close look at what credit life insurance is and why it is important that you know more about it.
Most of us have heard the term ‘bankruptcy’, but not many of us know what declaring bankruptcy means and what the process entails. In short, people who declare bankruptcy are those individuals or entities that have more debt that they can realistically repay.
Defaulting on your payments means that you stop making your payments. This can have different effects depending on which accounts you default on. For example, the results of defaulting on your home loan is different than defaulting on your credit card accounts. Read more here...
Credit cards can be very useful, but if they are used incorrectly, they can cause you severe financial strain. Consumers often struggle with controlling their credit card debt. Compuscan would like to offer you five things you should and shouldn’t do for safely using your credit card.
While most of us have gone through the process of FICA and RICA, it’s not always clear why they are necessary and what is required for either process. Let's have a look at both!