Today our guest is Mint Fresh Director and financial wellness expert Thuli Magubane.

• Debt Rescue chief executive Neil Roets says the two biggest reasons they see for new credit being taken out at the beginning of the year are as a result of the impact of expenses over the festive season, and general annual costs that are incurred at the start of the year, like school expenses for parents.
• In some instances, accepting an offer of credit from a reputable lender is necessary and even smart for building that all-important credit record.
• A Capitec Bank spokesperson says a good credit record means better personalised interest rates, which is beneficial in reducing the cost of credit when applying for credit in the future such as a home loan.