Your credit score matters
Oct 08, 2021
2 minutes
By Joseph Phiri
lthough South Africa has Africa’s most developed financial system, the country faces a worsening household debt problem which is affecting the financial wellbeing of many families. While responsible credit access helps households to acquire assets and supports economic growth, there are unintended negative consequences when people are overindebted. These include lower savings, pressure on disposable income and the risk of retiring without an adequate financial buffer.
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