ebt review, also known as debt counseling, is a debt relief option available to South African consumers who are struggling with overwhelming debt. It is a process regulated by the National Credit Act (NCA) that aims to assist individuals in managing their debts and avoiding legal action from creditors. But is debt review a good […]
Understanding Debt Review in South Africa: Is it a Good Choice? Read More »
Debt can be a significant burden for many South Africans, causing financial stress and affecting overall financial well-being. However, with strategic planning and disciplined financial habits, it is possible to pay off debt faster and regain financial freedom. Here are some practical tips for South Africans to accelerate their debt repayment journey. In conclusion, paying
Paying Off Debt Faster: Practical Tips for South Africans Read More »
Debt has become a pressing issue for many South Africans, with increasing numbers of individuals and households struggling to manage their financial obligations. According to recent reports, South Africa has one of the highest levels of household debt in the world, with many individuals grappling with various forms of debt, including credit card debt, personal
South Africa’s Debt Problem: Understanding the Challenges and Solutions Read More »
The South African Reserve Bank (SARB) recently announced a repo rate increase, which has significant implications for those who are in debt. Repo rate refers to the interest rate at which commercial banks borrow money from the central bank. When the repo rate increases, it becomes more expensive for banks to borrow money, and this
Understanding the Impact of South African Repo Rate Increase on Debtors Read More »
Debt can be a double-edged sword. While it can provide us with opportunities and financial flexibility, it can also lead to financial stress and hardship if not managed wisely. Unfortunately, many people fall into bad debt habits that can have long-term negative consequences on their financial well-being. In this blog post, we will explore some
Breaking Bad Debt Habits: How to Avoid Financial Pitfalls Read More »
Many people do not know this but debt doesn’t last forever and has a shelf life that eventually expires. So how many years it would take for a debt to be written off? What is old debt? Old debt is known as prescribed debt is old debt that has not been acknowledged, verbally or in
Will Debt Be Written off in South Africa? Read More »