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Peter Kibe Njuguna


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What @Bandit said - please do not take on a loan if you do not need it (like last resort) and then if you do decide to take out a loan, try to do it via your bank - generally they are regulated enough to not destroy you.


If the loan repayment percentage is higher than 22% then you should rather try hard to reduce expenses enough so that you do not have to take the loan. Capitec has a generally easy to understand rate table for personal loan which you can read up about here: https://www.capitecbank.co.za/global-one/credit/rates-and-fees/ 


As for credit cards, please read this article by Bruce Whitfield https://www.businessinsider.co.za/beware-these-fiendish-credit-card-tricks-2018-12 

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