SA Consumers Rely on Credit Cards for Unhealthy Food
Debt Rescue · Listen as Radio 786 speaks to Annaline van der Poel
Vehicle finance defaults now at R4bn
Neil Roets, CEO of Debt Rescue, spoke with Jeremy Maggs on Moneyweb about the concerning rise in vehicle payment defaults, reaching R4 billion. He explained that increasing loan installments and rising interest rates on vehicles and homes are placing immense financial strain on consumers. Coupled with stagnant salaries and rising costs of essentials like petrol […]
Desperation as payday loans and credit are used to afford food
By Dohne Damons A stark reality has taken hold in South Africa, as a staggering 66% of its population found themselves skipping meals in the past three months due to the inability to afford three square meals a day. The dire state of affairs has been highlighted by Debt Rescue Africa, shedding light on the […]
Under pressure South Africans are turning to credit cards to live, while many are skipping meals to survive
By Lee Rondganger South Africans are broke. And more and more people are turning to credit cards to cover their living expenses. The latest report from the Experian Consumer Default Index (CDI) paints a concerning picture of the financial health of South African consumers, with the rising cost of living taking centre stage. And while […]
Loans for Clients Under Debt Review (Read This First)
Navigating the complex financial landscape can be daunting, especially when under debt review. In South Africa, being under debt review is beneficial for many, as it offers a structured way to handle overwhelming debt. However, a common query that arises among clients in this process is about their eligibility for loans. Unpredictable life events like […]