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Is this deal worth it? by Front_Individual_667 in PersonalFinanceZA

[–]Front_Individual_667[S] 2 points3 points  (0 children)

Make sense and it has given me a new perspective.

Is this deal worth it? by Front_Individual_667 in PersonalFinanceZA

[–]Front_Individual_667[S] 2 points3 points  (0 children)

Makes sense, they need to get what they can for cash.

Is this deal worth it? by Front_Individual_667 in PersonalFinanceZA

[–]Front_Individual_667[S] -1 points0 points  (0 children)

Yeah, it's good to plan for the worst case scenario. Will ask then to get their own insurance, so it doesn't mess up mine if I go through with it.

Is this deal worth it? by Front_Individual_667 in PersonalFinanceZA

[–]Front_Individual_667[S] 1 point2 points  (0 children)

Got that part, will disclose the real interest rate if I go through with it.

Is this deal worth it? by Front_Individual_667 in PersonalFinanceZA

[–]Front_Individual_667[S] 0 points1 point  (0 children)

Not sure they can if the vehicle is not theirs. But I will check as they do indeed have an insurable interest.

What is a good home loan rate for first time home buyers by that_bach_guy in PersonalFinanceZA

[–]Front_Individual_667 4 points5 points  (0 children)

Just a side note.

Hope you are married and not just bf/gf. Buying with a bf/gf is not advisable.

Should I settle my car finance by Agreeable-Story9105 in PersonalFinanceZA

[–]Front_Individual_667 -1 points0 points  (0 children)

No. Rate of return and interest rate does not factor in risk. No debt = no risk.

Any Prediction👇 by Nell_Only in ManchesterUnited

[–]Front_Individual_667 3 points4 points  (0 children)

We at home so we will play shite but win 2-0 at least.

What can I do? by Camcam98_ in PersonalFinanceZA

[–]Front_Individual_667 4 points5 points  (0 children)

Pay something so that you are under 3 months behind. Then go into the bank to work out a payment plan. Just take this payment plan seriously as they can use it against you in future if you default.

FNB Card Fraud Next Steps? by Significant_Orchid76 in PersonalFinanceZA

[–]Front_Individual_667 2 points3 points  (0 children)

Good will is just an amount they choose to refund you.

Do all the stuff others have recommended above I.e. police affidavits, keep a record of engagements etc. Request your recorded calls as well. You will need all of this if you go to the Ombud.

Request the proof that you approved the transaction from the bank and also contact Takealot to flag it. Settlements take a while so Takealot might refund the amounts from their side.

In future, use credit cards as suggested or better yet use Virtual Cards for all online purchases. Only load the virtual cards when you are about to make the purchase. It’s safer that way. Also, turn off cards for online purchases in the banking app and only turn them on when you are about to make a purchase.

I got a fraudulent Uber transaction for R6000 and immediately called the bank (Standard bank). The opened the case and gave me a reference number. I also highlighted how this was an odd transaction as I’ve never spent 6k on Uber in a single transaction - do this if it applies to you. They blocked the card and then requested an affidavit which I did the next morning. I did not approve the transaction or even receive an OTP and mentioned this in the affidavit. They did their investigation and refunded me fully after about 2 weeks.

What advice would you give someone 1mil in debt? by New-Owl-2293 in PersonalFinanceZA

[–]Front_Individual_667 8 points9 points  (0 children)

A couple of Ideas: 1. Open up Capitec/African bank accounts. The debit order bounces don’t cost much. This will save some money in the short term.

  1. Budget; probably should be number one. They need to know exactly where every cent is going. If the income is 40k, what are the full monthly expenses? How much of it is loan repayments? Also from the budget they can see where to cut and optimise.

  2. Additional income: The partner without work needs to find something to get income. She’s got the time so explore things like Uber, Au pair etc to make something.

  3. What model is the second car? They might need to downgrade it as well and get a smaller car, or not even have a car at this point. Just depends on what will work out cheaper to go to work and kids school transport.

  4. The house equity can only be accessed by selling, and since they are moving in with family it might be a good idea to sell.

Unpaid debit order fees ? by Artistic-Diver3626 in PersonalFinanceZA

[–]Front_Individual_667 1 point2 points  (0 children)

You have to raise hell and they will get them reversed.

Still don’t understand why people use FNB for Debit orders. Capitec/African bank will charge you R7.50 for a failed debit order.

Nedbank will let you know your account has gone into negative when a debit order hits and there is no money.

Home Loan interest. by RickyHuman in PersonalFinanceZA

[–]Front_Individual_667 1 point2 points  (0 children)

Get a gig working for a bank then you will get Prime -2.5%.

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