Understanding credit and qualifying for credit

Head of Collections and ECM Strategy at Old Mutual Finance, Senzo Lubisi speaks to Motheo Khoaripe about the Credit. What is credit? What is the cost of credit? In this episode of the Old Mutual Finance Podcast Series, Senzo Lubisi outlines the information credit providers consider when evaluating credit applications, including living expenses, existing debt obligations, and net disposable income. He stresses the importance of honesty from consumers and doing research to find the best credit product that suits their needs and affordability.