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...
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...
The role of the consumer and debt counsellor in the debt review process
DEBT REVIEW processes vs CONSUMER vs DEBT COUNSELOR and the facts you should know The latest statistics show that about 10 million South Africans have bad debt due to three or more missed monthly payments during the Covid-19 lockdown time. If you are one of them, it is now critical...
8 ways How Reckless Lending can affect you
In this week’s blog, the Founder of Consumer Debt Support (CDS), Annienne Nel will be sharing an in-depth look into Reckless lending with the our readers, and how it should be dealt with, related to a credit application, and the legal aspects thereof. The Need In life, we need...
