The 72% Problem: How to Build Your First Credit Score & Avoid the Retail Debt Trap
Workshop Description
The 72% Problem: How to Build Your First Credit Score & Avoid the Retail Debt Trap is a practical, eye-opening 2-hour workshop designed specifically for South African university students who want to take control of their financial future before graduation.
Did you know that most young South Africans enter adulthood with no credit history at all? This can make it difficult to rent an apartment, get a car loan, or qualify for essential financial services after university. At the same time, many students are exposed early to retail accounts, “buy now, pay later” offers, and easy credit options that can quickly turn into long-term debt traps.
In this workshop, you will learn how the South African credit system actually works in simple, clear terms, and what really affects your credit score. You’ll also discover how to budget effectively on a student income (including NSFAS allowances, bursaries, or part-time work), how to build credit responsibly from scratch, and how to avoid common financial mistakes that lead to blacklisting and debt stress.
We also unpack real-life student money challenges such as supporting family, managing transport and data costs, and handling pressure to “keep up” socially, giving you practical tools you can use immediately.
By the end of the session, you will leave with a clear understanding of:
- How credit scores are built and maintained in South Africa
- The risks behind retail accounts and student debt traps
- How to create a realistic, workable student budget
- Safe ways to start building your credit history
- How to make smarter financial decisions while studying
This workshop creates a safe, non-judgemental space where students can anonymously ask questions about debt, credit, and money stress without fear of embarrassment.
Whether you are just starting university or preparing to graduate, this session will help you avoid costly financial mistakes and build a strong foundation for life after campus.
Academic Workshops
27 August 2026
17:30
2 Hours 30 Minutes
Google Meets
27 August 2026
R 390
This is our promise to you, that we will provide you with the highest quality tutors to aid in your learning. Helping you acheive the best possible results.
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