The National Credit Regulator urges consumers to borrow wisely this month.

VAAL TRIANGLE - The National Credit Regulator urges consumers to borrow wisely this month to navigate the financial challenges often faced after the festive season. With the long gap between December and January paydays, some resort to excessive borrowing for essentials like rent, food, and school fees, leading to impaired credit records. The regulator suggests planning repayments, understanding credit agreements, and encourages consumers to be aware of credit costs. Consumers are cautioned against desperation-driven loans and to avoid unregistered credit providers to safeguard their financial well-being.