Did you know that 81% of households in South Africa consider access to credit important? But only 33% believe they will be granted access to credit and lending products if they apply. The National Credit Regulator found that 40% of credit-active South Africans have impaired credit records. Financial institutions consider these consumers a credit “risk”.… Continued
Your 30’s make up an exciting decade in your life. This is often a time when most people experience a series of life-changing events. You may get married, buy a house, have children and excel in your career. And along the way, you’ll have to make big financial decisions that will lay the foundation for… Continued
Many of us believe that having more money in the bank would solve our financial problems. And although we all can agree that having more money would certainly lift the pressure, it’s not really a solution. Many of us just simply don’t have the opportunity to increase our income in the way we would like. … Continued
Online Form – Black Friday Survey 2021
Let’s talk about debt recycling. And yep this really exists. It’s also incredibly risky… Debt Recycling is when you pay a balance towards your credit card, overdraft, or revolving loan but then continue to use the amounts you’ve paid towards your debt throughout the month. A study showed that as many as 70% of South… Continued
It has never been more difficult to be a single mom than it is right now… The National Debt Advisory (NDA) found that 70% of women ran out of money before the end of the month. And 65% of women experienced a reduced income while taking on more domestic responsibility during the pandemic. Single moms… Continued
There are many misconceptions about debt counselling and debt consolidation loans. Many consumers believe that this is the same process. In fact, the two are very different. And one has the potential to leave you in a worse position than before… When it comes to our finances there are many options to consider when financial… Continued
Struggling with debt is not easy. It takes a toll on your emotional and physical well being. But understanding the root cause of our financial problems is the first step to getting out of the darkness… And that often means getting back to basics. A back-to-basics method will help you figure out where you are… Continued
In 2020 the University of Cape Town found that the South African middle class declined from 6.1 million to 2.7 million between 2017 and 2020. That’s a 56% reduction. And the ultra-poor individuals have increased by 6.6 million individuals, a 54% increase. It is evident that the South African middle class is shrinking. And it… Continued
It’s Heritage Month. And as we prepare to celebrate our heritage, the worry starts to kick in about how you will budget for this. It’s important to remember that Heritage Day extends far beyond just a public holiday in our country. It’s an opportunity for all South Africans of various cultures, to celebrate what makes… 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!
