MONEY CLINIC | How can I avoid falling into a debt spiral this year? | Business

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TransUnion CEO Lee Naik shares five tips that could help to resolve financial strains. | News24_Business

Protect your credit score

by making debt payments on time so that you can still access credit in the future. Your payment history, including whether you have paid your bills on time, plays the biggest role in calculating your credit score.– talk to your bank and other lenders early and often, and arrange payment plans with them should you experience financial strain. Be sure you understand what is required of you – and what they expect in return.

 

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