‘The consumer credit industry in South Africa is worth about R362 billion and provides credit to about 15 million consumers who are largely vulnerable to the exploits of unscrupulous credit providers. Now the government has stepped in with powerful draft legislation to protect consumers.
South African consumers can look forward to a single law that will […]
Phily.com’s Jeff Brown answers a question from a 21 year old seeking to build wealth:
‘Start with a list of your financial goals. That should include some long-term issues such as financing your retirement and perhaps children’s college educations, even if those seem pretty distant now.
But as a 21-year-old, look at the next five or 10 […]
‘European stocks declined, paced by microchip-related companies including ASML Holding NV after STMicroelectronics NV said fourth-quarter profitability missed forecasts because of the stronger euro, lower prices and lower- than-expected factory use.
“Sales are hurt by pressure on prices,” said Laurent Vallee, a fund manager at Richelieu Finance, which manages about $1.7 billion. “There’s too much […]
‘Homeowners could run into financial hot water with today’s new breed of home-equity lines of credit.
Lenders are making home-equity lines of credit easier to use. But the FDIC warns that this flexibility also could lead to trouble. Home-equity credit lines typically charge variable rates and most of the world currently expects interest rates to rise. […]
‘For about a month people here in Arizona have been able to get a free copy of their credit report.
And while a lot of people have done it very successfully, others have had problems.
The good news is that while there were plenty of problems the first few days. Since then, the federally mandated web site […]
‘There’s no better application than Quicken for manag-ing your personal finances. With a slew of features that let you track everything from how much money you spend on Pop-Tarts to your current net worth or how much you’ve racked up in ATM fees, Quicken can tackle the ordinary, the unusual, and everything in between.
As is […]
‘Like many Americans, the state of California has racked up enormous debt over the years — billions and billions in borrowing.
It is with that in mind that Gov. Arnold Schwarzenegger introduces his second budget today, tackling an estimated $8.1 billion shortfall. Long term, though, there’s more than $50 billion in debt on the state’s books […]
‘There’s a growing industry of financial predators and telemarketers who devise creative ways to relieve seniors of their money. At the same time, there’s increasing awareness in the banking community about possible signs that a bank customer is being taken advantage of and doesn’t know it.
Elder Financial Protection Network, a nonprofit group based in Novato, […]
PC Mag reviews the MYOB Business Essentials Pro financial software package and writes - ‘The new MYOB Business Essentials Pro is a top-of-the-line offering aimed at small businesses that want more than just an accounting package. The core accounting product has been enhanced with several new ease-of-use features, and it gives extra attention to payroll […]