The Truth About Debt Mediation and the pitfalls
This week we are talking about debt mediation and the pitfalls. In South Africa, countless consumers grapple with the onerous task of meeting their monthly debt obligations, often experiencing overwhelming feelings of despair and an urgent need for assistance in reducing their debt instalments. Yet, all too frequently, individuals lacking a comprehensive understanding of their […]
Debt prescription
You’ve worked hard to improve your credit rating, aiming for that dream home or car, only to face disappointment when an old, prescribed debt reappears on your credit report. Often, creditors sell old accounts to debt collectors who claim you must pay, even after the debt has prescribed. What is Debt Prescription? In South Africa, […]
Consumers digging deep to afford monthly debt obligations and living costs
South Africans with credit agreements are feeling the pressure of increasing instalments of debt repayments South Africans are financially exhausted after three tough years, surviving the Covid pandemic, growing inflation, rising interest rates, groceries and fuel price increases and living costs becoming more and more expensive, forcing consumers to cut down on essential family spending […]
Black Friday can become a January debt trap
South African’s are facing a festive hype whilst waiting for brochures for this year’s Black Friday deals in preparation for the 25th of November 2022. Consumers had been financially planning for this event of special deals and picking up great bargains just before Xmas. The reality is that many consumers could face overspending on the […]
Debt Counselling guide and everything you need to know
YOUR DEBT COUNSELLING GUIDE FROM START TO FINISH: South African consumers have been tested and punched financially with the increase of higher interest rates, fuel prices that cause cash flow strain, the cost of food and groceries has increased where an ordinary family is now paying approximately R800.00 more on the basic food needs. All […]
