The S&P downgrade of SA’s foreign currency debt to junk status has been all over the news of late and a talking point for many South Africans. It’s media hype my die down eventually but its actual effects will have a longer stay. It will undoubtedly the economy on a large scale and affect consumers, […]
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The cost of living is extremely high, and there are many South Africans who simply don’t have the extra money to put into a savings account right now. We therefore need to seriously look at saving money by cutting costs and changing our lifestyle. Prioritise your wants and needs We need to be honest about
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This post was last updated on 25 March 2022 In this day and age it is difficult to find a reliable debt counselling company, many companies sell mediation (Which is not Debt Review and has no legal protection). We here have put together a list of debt review companies that can assist you nation wide
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WHAT IS A CREDIT SCORE In South Africa a credit score is a three digit number that allows various credit providers (companies that offer your credit) to assess your credit worthiness and ability to to pay back your loan. The shortest answer would be simply its a risk factor indicator. If your score is low
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In terms of the National Credit Act, 34 of 2005 (s131) when a consumer surrenders the goods, the credit provider must then follow the process set out in Section 127 (2) – (9) in order to realise the value of the goods. Once the goods have been sold, this amount is credited to the consumer’s
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Debt counselling is a debt relief mechanism for over-indebted consumers. A consumer can seek the assistance of debt counselling on his or her own, or he or she might be referred to a debt counsellor by a credit provider, the court or the NCR. The main purpose of debt counselling is to:• Assess a consumer’s
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