Debt Management

The industry’s top experts offer their best advice, research, how-to’s, and insights

Debt has become an intrinsic part of our lives. And getting out of debt may seem impossible at times. A recent study found that consumers with more than R20 000 take-home income per month are paying more than 60% to service their debt.  Many consumers have turned to their credit cards when purchasing monthly groceries.… Continued

Living with debt these days has become the norm. But we forget the impact that debt has on our lives, especially when we have too much debt. Studies have shown that mental health and financial health are intertwined. Too much debt can cause unnecessary stress, personal problems and even lead to depression.  While it’s easy… Continued

Even before the coronavirus pandemic, South Africans were struggling with their debt. The time to take action and to consider your debt relief options is right now. Debt review is an affordable and effective debt relief options available if you are:  Over-indebted  Earning an income (salary, pension, property rent, UIF etc.) Recent studies have shown… Continued

Debt review can change your life. It can help you structure your debt and make handling your total monthly repayments more manageable. Your debt counsellor will consolidate your debt so that you only have to make one reduced, single monthly debt repayment. You will also be provided with a payment plan that will help you… Continued

Talking about death is never pleasant unless you’re the Adams Family. Have you ever thought about what happens to your debt when you die? Debt doesn’t simply disappear once you pass away. In some cases your remaining assets would be sold off to cover your debt, leaving your family or hairs in a compromised position.… Continued

When the National Credit Act (NCA) debt review in 2007, employers who did credit report checks on their employees did not fully understand the process. This ultimately led to a false perception of debt review within the workplace. However, debt review does not affect your employment at all. In fact, employers and creditors often see… Continued

Due to the 2020 economic crisis, many South Africans have relied on credit to help them financially. As a result, consumers are struggling to afford all their debt repayments and are falling behind. Late debt repayments could lead to over-indebtedness as creditors continue to charge interest, ultimately increasing the total debt payable. What does it… Continued

If you’re under debt review and you’ve lost your job you have options. You may apply for a 30-day temporary hold on your account or you can claim from your credit life insurance. What should you do if you’ve lost your job while you’re under debt review? Losing your job comes with a lot of… Continued

Many consumers are under the impression that they won’t be able to rebuild a healthy credit score after the debt review process. However, this is far from the truth. As stated by the Head of Retail Credit at FNB, Hannalie Crouse says that banks perceive debt review as a positive because you’re taking action to… Continued

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We look forward to the opportunity to get you debt-free!

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