Credit Matters

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So far Credit Matters has created 129 blog entries.

Where to Get a Copy of Your Credit Report

Where to Get a Copy of Your Credit Report Every individual living in South Africa is entitled to receive a credit report every 12 months. Regardless, just because all residents are entitled to reviewing their credit reports, doesn’t mean that they do, which is why they should take initiative to get a copy of their [...]

By |2019-07-15T03:55:52+00:00July 15th, 2019|Credit Score|0 Comments

4 Ways to Effectively Get Rid of Your Debt

4 Ways to Effectively Get Rid of Your Debt Looking to get out of debt fast? Well, the first and best way to do so is to increase your income and reduce your expenses as much as you can. While this is easier said than done, particularly in South Africa where it is difficult to [...]

By |2019-07-10T04:05:20+00:00July 10th, 2019|Debt|0 Comments

What Happens After Debt Review?

What Happens After Debt Review? When consumers get into trouble with debt, some of their first worries include the fact that they may damage their credit record or not be permitted to use it in the future. There are many solutions you may come across once you’ve acknowledged the fact that you indeed require debt [...]

By |2019-07-07T17:34:55+00:00July 7th, 2019|Debt Review|0 Comments

Tips for Reaching a High Credit Score

Tips for Reaching a High Credit Score The term "credit score", refers to a numerical expression, which is primarily based on the information of an individual's credit profile, which indicates whether that individual is worthy of obtaining a credit of any means. Credit scores are primarily based on the consumers' credit report and get sourced [...]

By |2019-07-07T17:36:07+00:00July 7th, 2019|Credit Score|0 Comments

Disadvantages of Debt Restructuring

Disadvantages of Debt Restructuring Debt restructuring refers to a process that is used by companies, primarily to avoid any risk of default that may occur on their company’s existing debt, as well as to take advantage of decreased available interest rates. Companies usually choose to make use of debt restructuring when they are close to [...]

By |2019-07-04T03:58:23+00:00July 4th, 2019|Debt|0 Comments

Facts About Debt Review

Facts About Debt Review As an over-indebted consumer in South Africa, you’re most likely stressed out and looking for a solution to repay your debt without getting involved in any legal troubles. The biggest problem with consumers being over-indebted is that they don't know what to do once they are unable to make payments to [...]

By |2019-06-30T18:58:11+00:00June 30th, 2019|Debt Counselling|0 Comments

The Positive Effects of Debt Rescue

The Positive Effects of Debt Rescue Debt rescue can help manage the current over-indebted state of South African consumers. Debt rescue, also referred to as debt consolidation, involves combining all your current debt and then being granted one big loan to repay your all your debts, in which case you then repay the individual or [...]

By |2019-06-30T18:58:03+00:00June 30th, 2019|Debt Rescue|0 Comments

Problems with Debt Counselling

Problems with Debt Counselling Thanks to the National Credit Act (NCA), debt counseling was introduced to South African residents in 2007, allowing for hundreds of thousands of consumers to apply for the now preferred debt solution. Within six years of the Act's commencement, consumers have successfully paid R10 billion. Debt counseling was designed to give [...]

By |2019-06-25T03:52:41+00:00June 25th, 2019|Debt Counselling|0 Comments

Does Debt Review Effect Your Chances of Getting Employed?

Does Debt Review Effect Your Chances of Getting Employed? Debt review/ debt counseling or any other debt solution offered to you may seem like a bad idea for your record. This is usually the first thought that enters the consumer's mind. Most people aren’t only worried about the fact that making use of a debt [...]

By |2019-06-23T20:57:17+00:00June 23rd, 2019|Debt Review|0 Comments

Does Debt Counselling Hurt Your Credit Score?

Does Debt Counselling Hurt Your Credit Score? Debt review has been described as the solution that doesn't have a negative effect on your overall credit record. However, what many consumers don't know or that isn't highlight in debt-related information, is that debt counseling can indeed have a negative effect on your credit score. After debt [...]

By |2019-06-23T20:52:16+00:00June 23rd, 2019|Credit Score, Debt Counselling|0 Comments