Tips on how credit works this 'Get smart about credit' day


28 days ago

Today is 'Get smart about credit' day.

Xolani Gwala spoke to senior director for the Consumer Division of TransUnion Garnet Jensen about the initiative to educate consumers about credit.

In case of an emergency which one is best to have, a credit card or an overdraft asks Xolani?

When it comes to an overdraft and a credit card, it really comes down to what the terms of either or are.

Garnet Jensen, Senior Director for the Consumer Division of TransUnion

They have been both been classified as unsecured lending. So it's really where you are getting the best interest rate at either of those.

Garnet Jensen, Senior Director for the Consumer Division of TransUnion

Jensen says it is important to observe this day because many of us rely on credit for our day to day lives.

This day is really about understanding how credit works and understanding how credit providers view consumers.

Garnet Jensen, Senior Director for the Consumer Division of TransUnion

Also understanding how credit providers assess consumers and the costs of credit are.

Garnet Jensen, Senior Director for the Consumer Division of TransUnion

Listen to the full interview here:

This article first appeared on 702 : Tips on how credit works this 'Get smart about credit' day

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