5:54 PM
Money and sense - use credit life insurance to cover your debts this time. Can’t pay your bond etc because you lost your job? Credit Life Insurance can help.
If you are one of the many employees retrenched or put on short pay or unpaid leave as a result of the pandemic is and lockdown, you will be wondering how to cover the monthly instalments on your mortgage bond and other credit agreements.
You have no doubt heard of the “payment holidays” banks are offering, but remember that although these are a lot better than losing your house, car etc, they are no free lunch. Interest and fees will still be building up.
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