The ABCs of loans

Customers should be confident to ask questions about their loans
Customers should be confident to ask questions about their loans

Understand the small print; Thabo has been struggling with his debts for the last eight months; seemingly the debts are not getting any smaller or any less.

Thabo decides to take control of his financial situation. He decides to write all of his debts down on a piece of paper, prioritising them in terms of the cost of each one.

He then writes down the monthly interest each one is incurring. Thabo soon realises that by doing this, many of his debts are costing him more than what he thought.  Thabo decides to seek advice from his bank. Thabo’s bank manager discusses his options with him, and although he/she wants to assist; is not able to do more than advise him due to the contract Thabo had signed with the bank. His loan with his bank was a set term, and not flexible.

Editor's Comment
Congratulations Anicia Gaothuse!

The contest had 10 beautiful young girls as finalists and unfortunately only one could wear the crown.The judges picked Anicia Gaothuse. To all those who feel their contestant should have won ahead of Anicia for whatever reason, hardly; the judges found Anicia to be the best among the best, so desist from disrespecting our newly crowned queen on social media or anywhere else, for that matter! Each of the 10 beautiful young women had supporters...

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