In The Press


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

Credit amnesty will only provide temporary relief to deeply indebted consumers. The near-certain decision by government to introduce a second “credit amnesty” after the spectacular failure of the first one in 2006-2007, will only provide temporary relief to deeply indebted consumers and drive many into even more profound indebtedness requiring debt counselling. Neil Roets, CEO… Continued

More South Africans are falling into the debt trap and last year was one of the worst for a long time with record numbers seeking protection under debt counseling. Debt Rescue CEO Neil Roets says more than double the number of deeply indebted individuals applied for relief in 2012. Roets says most consumers seeking help… Continued

More South Africans are falling into the debt trap yearly and this past year has been one of the worst for a long time with record numbers seeking protection under debt counselling legislation. CAPTION: Cartoon by Yalo RELATED ARTICLES ‘Consumers are getting into debt to cover basic needs’ Neil Roets, CEO of national debt counselling… Continued

WHEN over-indebted people enter the debt-counselling process, their creditors are supposed to obey the letter of the law in allowing that process to unfold. Although the system is for the most part effective in addressing the needs of both parties, some creditors bend or break the law in an attempt to force the person out… Continued

As the Banking Association announces plans to cut interest rates for people under debt review, one can’t help but question the sincerity of SA’s biggest lenders. It would be “extremely helpful”, but it remains to be seen whether they would do so without any preconditions said Neil Roets, CEO of debt review counselling company Debt Rescue.… Continued

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