The covid pandemic led to a huge economic breakdown which has an impact on mass unemployment. Many South Africans have struggled financially over the past few months and are relying on debt to help them through these difficult times. To make matters worse many individuals were in debt before becoming unemployed. If you’ve found yourself… Continued
The last thing we need right now is a petrol price hike. Fuel prices are set to rise for the third consecutive month of 2021, as oil continues to recover from the covid pandemic shock. According to the Automobile Association (AA), motorists should expect another petrol price hike for March. Fuel prices are set to… Continued
It may seem like there’s nothing you can do to spice up your Valentine’s day while we’re in lockdown. But we have a few ideas that would ignite the flame between you and your significant other. Here are 6 Valentine’s day date ideas to try even though we’re in lockdown. Check out our ideas for… Continued
Some South Africans have misconceptions about debt review, or debt counselling, thinking that the process will send them in the opposite direction of financial recovery. It is our responsibility as a debt counsellor to provide you with as much information about debt review as possible. Myth 1: Debt review is a last resort Busted: Debt… Continued
January is known by many South Africans as “Januworry”. And for many of us, it feels like the longest month of the year. Many consumers get their last paycheck of the year mid-December, during the holidays, which is not ideal. Consumers end up spending more money during December and worry about making payments throughout January.… Continued
Debt review is a debt relief process that helps over-indebted South Africans become debt-free. By negotiating with your creditors and reducing your debt repayments you’ll have more money available for other monthly expenses. Yes, debt review will have an impact on your credit score. However, this is temporary and you can rebuild your credit score… Continued
What is debt review? Debt review, or debt counselling, is a debt relief measure that helps over-indebted South African consumers get out of debt. The process aims to help consumers who are struggling to make ends meet by reducing their monthly debt repayments. By doing so, you’ll have more money available for other monthly expenses… Continued
Unfortunately, there’s no specific timeframe for how long your name will be flagged for. Your name will be flagged under debt review until all your debt has been settled and you’re up to date with your bond repayments. Once that happens you will be issued a clearance certificate which will prove that you have completed… Continued
Almost 42% of credit-active consumers are struggling to pay their debts according to the latest 2020 industry figures. If you are one of them, then you probably know all too well what it’s like to be overrun with emails, calls, letters and SMS’s reminding you to pay your debt. But what if you are still… Continued
A judgement is granted when legal action is taken against you for failing to pay off your debt, or if you fail to defend your summons. A judgment will remain on your credit report for 5 years, and if left unpaid, you will be legally liable for this debt over the next 30 years, even… Continued
We look forward to the opportunity to get you debt-free!
You can start your application process already. Simply download your assessment or fill in our online application and get one step closer to becoming debt-free with Debt Rescue!
