[LISTEN] How to prepare for rising interest rates
Peaking interest rate will more likely become the norm. ‘The Money Show’ host Bruce Whitfield speaks to Credit Ombud, Nicky Lala-Mohan, on how to prepare for it.
JOHANNESBURG - We are now in what is known as an "interest rate hiking cycle" which may affect your credit status.
In the clip above, Credit Ombud, Nicky Lala-Mohan explains how living from month-to-month may lead to more debt in this period and gives consumers advice on how to lessen the inevitable blows.