Vehicle arrears as consumers struggle to service debt South Africans are faced with financial difficulty mainly caused by the onset of the lockdown levels due to the pandemic to curb the spread of the Coronavirus. Many families have lost loved ones due to the COVID-19 SARS virus. Others have lost...
Consumers with accounts in arrears left to legal collections
Covid-19 hit South Africans hard since March 2020 and left many consumers with challenges regarding the stability of income that was affected by the lockdowns. The lockdowns directly impacting on companies, the ability to keep their doors open, and coping with the strain of financial loss forcing them to cut...
Consumers battle more and more with credit agreements payments
The dreadful and ongoing COVID-19 Pandemic took its toll on everyone all over the world. South Africa was not spared from very high sustained statistics of infections and a death toll that left countless families in shock and pain. Thousands of households fell in despair, and breadwinners found themselves at...
Consumers take negative budgets into 2021
We are all very much aware of the devastation and poverty, the aftermath of the Covid – 19 pandemic, and the ongoing lockdown caused the country as a whole. Statistically, hundreds of thousands of people lost their jobs and homes, other’s salaries were reduced to avoid further more cuts and...
Online Money Scams and Misleading Advertising – Consumer Awareness
CONSUMERS caught in ONLINE MONEY SCAMS and MISLEADING ADVERTISING The Debt Industry has been overwhelmed by unsuspecting consumers that became victims to online money scammers, especially on Facebook and Instagram. There are numerous attractive advertising videos and invitations on social media showcasing stacks of cash with testimonies of ordinary looking...
