HOT TOPICS
ARTICLES RELATING TO CREDIT

SA’s secured loans will see only limited weakness – Moody’s

2017-09-08 20:09

Despite SA’s subdued economic growth, high unemployment and overall weak consumer credit, the performance of secured loans is likely to hold up over the next 12 months, says Moody's.

Shoprite guilty of reckless lending, fined R1m

2017-09-06 11:00

The National Consumer Tribunal has fined Shoprite R1m, after a probe showed the retailer did not conduct adequate checks to find out if its lenders could service its loans.

SA consumers' credit health improves despite uncertainties - index

2017-08-24 14:35

The credit health of South African consumers continues to improve despite major political uncertainty in SA, according to a TransUnion index.

UK banks told to justify consumer credit as risks mount

2017-07-04 12:15

The Bank of England has told UK banks to prove that their policies on consumer lending won’t leave them weaker in a downturn.

Paid most debts, yet rejected for car finance - why?

2017-05-09 18:30

A Fin24 user has been paying off his debts, but was still rejected when he applied for a car loan, due to his bad credit record.

More consumers pawn cars to get loans

2017-03-12 12:25

The National Credit Regulator is concerned about the rising number of consumers who pawn their motor vehicles in order to obtain loans.

Is the age of the access bond over?

2017-02-02 17:42

Investors and small business owners could get a nasty surprise when trying to access capital through their home loans, says an independent lender. Banks do not necessarily agree.

SA suffers business credit risk downgrade

2017-01-31 20:19

The international trade credit insurance company Coface explains why it has changed its business credit risk assessment of SA from fairly high to high.

6 questions to see if you are ready to buy a home

2017-01-06 18:30

A property expert suggests a few handy questions to answer before asking your bank for finance to buy a home.

No credit history? No problem: Lenders start peering at phone data

2016-11-25 13:48

Financial institutions, overcoming some initial trepidation about privacy, are increasingly gauging consumers’ creditworthiness by using phone-company data on calling patterns and locations.

 

SA banks: Slow but steady progress

2017-09-08 14:03

Despite various setbacks, the country’s banks have proven resilient. So what is the investment case for SA’s big four?

Credit card myths debunked

2017-09-05 21:35

Few consumers really know all there is to be known about how a credit card works and how it can be used effectively, says the head of collections at FNB.

Slowdown in credit extension - NCR

2017-08-11 07:00

There has been a seasonal slowdown in credit extension, according to the latest Consumer Credit Market Report and Credit Bureau Monitor.

DTI proposes debt relief for retrenched workers, low income groups

2017-05-17 17:09

The Department of Trade and Industry recommends changes to the National Credit Act that will allow for occasional debt relief measures to over-indebted households.

#Zumaconsequences for SA motorists

2017-04-10 10:50

'While the dust has far from settled from President Jacob Zuma’s cabinet reshuffle, the following credit downgrade means the costs to you the motorist can be clearly laid out,' writes Alexander Parker.

Low growth dampens SA banks' outlook - S&P

2017-02-12 14:41

Low growth and debt-defaulting households contribute to the negative outlook for South African banks, said ratings agency Standard and Poor's.

Consumers wary of taking on more credit

2017-02-01 19:31

Growth in household credit balances, including mortgage balances, is forecast to remain relatively low in 2017, according to an analyst.

Bank to fight court bid after consumers complain of debt set-off

2017-01-18 07:39

Standard Bank will oppose a court bid by the National Credit Regulator, which wants a court to order that the common law set-off has been superseded by the National Credit Act.

Consumer confidence hits highest level since 2014

2016-12-08 11:28

Consumer confidence improved in the third quarter, on the back of municipal elections outcome. But it remains below average levels, says FNB.

Lewis profit dives 40% as new credit rules hit sales

2016-11-09 09:30

Lewis has reported a 39.6% decrease in headline earnings per share in the six months to end-September, as low domestic growth and new credit rules hampered sales.

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