Credit Scores Decoded: What They Mean & How to Improve Yours
Introduction Your credit score is more than just a number—it’s a key factor that influences your financial future. Whether you’re applying for a loan, renting a home, or even getting a new job, a good credit score can open doors, while a poor one can hold you back. But what exactly does your credit score […]
The 50/30/20 Rule: A Simple Budgeting Hack for Financial Success
Introduction Managing money can feel overwhelming, but it doesn’t have to be complicated. One of the most effective and easy-to-follow budgeting methods is the 50/30/20 rule. Popularised by U.S. Senator Elizabeth Warren in her book All Your Worth: The Ultimate Lifetime Money Plan, this method divides your income into three simple categories—50% for needs, 30% […]
Financial Mistakes to Avoid in Your 20s, 30s, and Beyond
Introduction Each stage of life presents unique financial challenges and opportunities. The decisions you make in your 20s, 30s, and beyond can either set you up for long-term stability or create setbacks that take years to recover from. Many people fall into common money traps—overspending, failing to invest, or not planning for the future. In […]
What is Financial Literacy & Why Does It Matter?
Introduction Money plays a crucial role in our daily lives, yet many people struggle with managing it effectively. From budgeting and saving to investing and retirement planning, financial literacy is the foundation of financial security. But what exactly does it mean to be financially literate, and why is it so important? This article explores the […]
Debt Review & Divorce: What You Need to Know
Introduction Divorce is already a complex and emotionally charged process. When combined with debt review, however, the challenges multiply. Whether you and your spouse have applied for debt review as a couple or only one partner is under review, understanding how these processes interact is crucial to protect your financial and legal interests. This guide […]
The Truth About Debt Review: Myths vs. Facts
Introduction Debt review is one of the most misunderstood financial processes in South Africa. Many people avoid it due to widespread misconceptions, while others enter the process without fully understanding what it entails. This article aims to separate myth from fact and explain how debt review—a legally regulated process under the National Credit Act—can help […]
Debt Review in South Africa: The Ultimate Guide
Introduction Debt can be overwhelming, and for many South Africans, debt review provides a structured way to regain financial stability. However, confusion surrounds how it works, who qualifies, and its long-term effects. Whether you’re considering debt review or want a deeper understanding, this guide will address key questions and common misconceptions. What is Debt Review? […]
New Information on Your Credit Profile
Starting March 1, 2025, overdraft data will be reported to credit bureaus, and you may start seeing new information on your credit profile in Splendi. What is an Overdraft? An overdraft is a financial product offered by some banks, allowing you to borrow money through your checking (cheque) account. This lets you spend more than […]
Exciting New Offers Have Just Dropped on Splendi!
At Splendi, we’re committed to bringing you financial solutions that make life easier. Whether you need quick cash, are navigating the property market, or looking for a home loan, our latest offers are designed to provide real value when you need it most. Get Money: Short-Term Loan Need cash fast? Our new short-term loan is […]
Credit Approval Process: What SA Credit Providers Look For
Applying for credit can feel like navigating a maze. In South Africa, understanding the credit approval process—focused on credit behaviour, affordability, and employment verification—helps you build a strong profile. Let’s explore these pillars and how they shape your creditworthiness. Understanding Credit Behaviour in the Credit Approval Process A borrower’s past financial actions tell a compelling […]