8 tips to manage your debt better today
Credit can be a useful tool in achieving a financial goal, however only if you understand what credit is and how to use it wisely. Good debt vs bad debt Good debt is using the money lent to you by a financial institution in order to make more money. It is the type of debt […]
How credit insurance can cover your debt
Many South Africans may be worrying about making the minimum payments on their credit accounts such as credit cards, loans, and other forms of credit. Here’s what can be done. Many consumers may not be aware that they have credit life insurance in place. Credit life cover is insurance that a consumer signs up for […]
4 Common credit myths that people still believe today
While establishing a good credit score is a vital piece of your financial picture, there are many common misconceptions about what affects it. Telling fact from myth, though, is crucial, as consumers strive to do what they can to improve their credit score. Here is the truth behind 4 common credit score myths that people […]
How is my Splendi score calculated?
Your Splendi credit score is a reflection of your creditworthiness. It is a calculation of all available data to XDS on how you spend, lend and pay back your debts. 1. PAYMENT HISTORY: 50% OF YOUR SPENDI CREDIT SCORE Paying your bills on-time reflects well on your credit score. Your ability to diligently honour your […]
7 ways to teach your children about saving money
Every year, one day in April is designated as “Teach Children to Save Day.” This day, is all about helping kids become smart about money from an early age. It encourages parents to teach their children about money. As a parent, you want the best for your children. This doesn’t necessarily mean you want them […]
How to protect your identity
If you suspect that someone has stolen your identity, chances are that you’ve become one of a growing number of South Africans who have become victims of identity theft – and you need to act quickly to limit the damage. The problem with identity theft is that victims typically only find out about the theft […]