A Fin24 user wants to know if it is the right time to take out a loan, given that the economy is not in its best form at present.
He writes: "I currently earn R9 000 per month and my debt repayments are R3 500 per month. I was going to take out an R100k loan next year and build a house, and maybe get a second hand car. Is it advisable to go into debt with our economy and can I afford this loan, given my current situation? Please advise."
Wikus Olivier of Debt Safe answers: