Debt Management

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

Did you know that the average South African household spends three-quarters of their salary to service their debt? More than half of all consumers have experienced a salary cut since the start of the pandemic.  So it’s not surprising that some consumers, struggling to make ends meet, have turned to loan sharks for financial relief.… Continued

Have you ever been in a tight financial situation? Are you struggling to pay off your debt every month? If yes, you may have already stumbled upon something called ‘debt counselling’. This process is also referred to as debt review, which is a legal process regulated by the National Credit Regulator (NCR).  Wouldn’t it be… Continued

From personal loans, student debt, credit card debt, short-term loans and the list go on. Being in the red is not good for your mental health. According to The South African Depression and Anxiety Group suicide rates, particularly among retrenched South African men, are rising because of despair over spiralling debt, say financial and telephone,… Continued

Debt counselling, or debt review, was introduced by the National Credit Act (NCA) in 2007 to help over-indebted consumers with their debt. The process was established to prevent consumers from being blacklisted. With debt counselling, you can legally reduce your monthly instalments through an affordable repayment plan as agreed to by your creditors.  Debt counselling… Continued

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

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

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