As more and more garages accept credit cards for fuel, it appears that the banks now charge interest from date of purchase for this type of transaction.
The banks on the other hand argue that fuel transactions on a credit card carry no costs as this is regarded as a regular retail purchase. But credit card
statements indicate otherwise.

The Star’s Personal Finance looked at the cost of using cash, debit cards and petrol cards and of all the methods of payment – credit cards came out the most
cost-effective. However, readers reported to Personal Finance that the story was inaccurate – they are charged a transaction fee as well as interest from the
date of purchase when using a credit card to pay for fuel.

In the end Sugendhree Reddy director of banking at Standard Bank admitted as much. The article also quoted Arif Ishmail of the Payments Association of SA
as saying “a fuel purchase must be treated as a retail purchase and not a cash advance”. Reddy said Standard Bank was reconsidering its position and by the
end of January would like to have rectified this.

Personal Finance then contacted ABSA, Nedbank and FNB and all confirmed what Ishmail had said. Barrett Whiteford, head of FNB Credit Card Marketing
says a Linked Petro Card is a non-Visa labeled FNB card that is linked to a credit card account and the way the banks charge for these products is
different. But at the end of the day there are two cards and one statement.

After Standard Bank owned up to treating fuel transactions as cash advances (so did FNB) Personal Finance asked Pasa what it was doing about this
breach of rules by its members to which it replied that this matter would be dealt with in terms of the Pasa constitution and policies. Pasa constitution allows for
the Council to impose a fine not exceeding R1 million and penalties would be based on factors such as the nature, duration, gravity and extent of the matter.

Benefits Are Numerous When Your Estate Planning is Properly Conducted

There are many benefits when you are up to date with all your admin when planning your estate. Estate planning is complicated, therefore it is advisable to call on the experts to assist so that your loved ones do not have to suffer unnecessarily when you, the breadwinner, dies.
The sad reality is that not everyone has a will, and many die intestate which means that the winding up of the estate will take twice as long, and the heirs often suffer, not only from the grieving process, but a lack of planning and therefore there is little closure.

What comprehensive estate planning means: 

* Comprehensive estate planning winds up and finalises deceased estates.
* Comprehensive estate planning manages the taxes and any fees that are to be paid out.
* The appointed executor will ensure that heirs receive the monies owed to them from the estate.
* Comprehensive estate planning can assist with forming a trust, which is usually advisable should minors be involved.
* Comprehensive estate planning will ensure that regulations and the law regarding estates are taken into account.

If you are interested in finding out the intricacies or the benefits of comprehensive estate planning, you are already half-way there by being on this page. Simply contact us if you require any further information regarding your estate planning.

It is more tiresome to move to your new place when you remove your essential household goods one by one as it definitely not point at all to do that. motive behind is that when you move your goods onetime you tend to avoid lots of drama as you leave the drama behind such as losing your precious goods, or even damaging them by driving them by yourself. So leave that task of removing your furniture to the hands of those who specialize in doing all of that fair and square you’ll love that service afterwards taking place…that seeing all of your goods arriving safe and sound at your destination. And the right kind of company that can serve you well is none other than Johannesburg Movers which is just around the vicinity of your place since it in and around Johannesburg. The way it works, you will love their service as it caters both the local and long distance furniture removals as they specialize in professional and insured furniture removal services, we have years of experience and we will deliver your furniture swiftly and safely. We guarantee that your furniture removal will happen hassle free.  

No doubt about it because even if you are into business still they can provide you with that service since they offer professional furniture removals to safe and secure storage units where we will look after your valuables. Thanks to the top notch systems they use which is through their vehicles they use as they are maintained at excellent roadworthy conditions. The vehicles are pre checked every morning before departure. Also, their vehicle carry blankets for packing to ensure your belongings are not damaged. The vehicles carry trolleys with them. All trucks are allocated with cell phones to monitor.

I mean what more would love to get when you have such kind of courteous service form Johannesburg Movers? Surely you need something that you never bargained which truly speaking is just right upon your fingertips. Kindly follow them by any means of communication that will directly lead you to them to conclude your deals as you don’t have the whole day to do all that.

Debt consolidation loans for people with bad credit really can, in many ways, benefit you because if you’re
looking for a way to get your finances back under control, then debt loans could be the very solution.
Service fees, initiation fees and insurance charges are not duplicated, which represents quite a saving for
customers. This obviously means more money left at the end of the month – or a quicker repayment of the total
debt consolidation loan amount. A typical basket of costs can be reduced by as much as 20% per month
through debt consolidation.

Cost of a debt consolidation loan

Loan amount                       R12 000    R15 000    R25 000    R32 000
Loan term (months)           36               42               48                  60
Fixed monthly repayment    R733       R830        R1,199        R1,351
instalment as a % of capital   6.1%    5.5%         4.8%            4.2%
TOTAL REPAYMENT          R26 385    R34 864    R57 537    R81 086

Ask for a settlement quote from each of the institutions with which you have loans then take the quotes to one
bank and get a quote on consolidating the debt. This quote should detail every cost involved in a debt
consolidation loan, including administration and insurance fees. And if the bank is not giving you this, then you
are at the wrong place and need to do some further shopping around for the best possible debt consolidation
package. Never mine all the extra trouble, the saving will be worth it.

By placing several of your debts into one account you simplify your life at the time when unnecessary complications are the last thing you need. Dealing with debt at this early time is crucial and an ongoing management task. What occurs is that if you have debt of varied interest rates an average of those will generally be set as the interest rate of the consolidation loan.

You may be asking yourself why such an avenue exists. How is money made from such an arrangement?

It is simple. The loan has most commonly a 10 year plan whereby although your monthly payments are lower, over the extended time frame the interest evens out against the amount you save. Provided of course you pay back exact the same amount monthly through the entirety of the plan. There is no penalty for early repayment, so as you reap the benefits of your hard won education there is no doubt that due to your debt consolidation action plan the loan will be settled at substantially less than otherwise.

Debt consolidation is an effective management tool to guide your first financially independent steps in the world.