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 »
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 »
Unfortunately, not every South African has the luxury of not “paying back the money” and for those who don’t, this can result in penalties to your credit score that will affect your financial well-being well into the future. Having a poor credit score can result in you struggling to finance big-ticket items you may need
What is a Credit Score in South Africa? Read More »
What are the consequences of being blacklisted? So you’ve heard the dreaded term before, blacklisted, but how do you get blacklisted in South Africa?. In the current financial climate in South Africa, many people are under some form of financial stress. You may even have fallen behind on some of your credit payments and tried
What Does it mean to be Blacklisted In South Africa? Read More »
The dreaded debt cycle, no one wants to talk about it and that’s why it affects more people than you know. Plenty of people are creating larger debt cycles they cannot get out of every day and are only making it worse because of poor decision making and not having enough information on how to
Can Debt Affect Your Health? Read More »
outh Africa could see a spike in bad loans as the first recession since 2009 hits millions of chronically indebted consumers struggling to pay back credit totalling R1.7 trillion ($133.19 billion), the National Credit Regulator (NCR) said on Wednesday. Africa’s most developed economy slipped into recession in the first quarter, compounding a slew of negative
National Credit Regulator Sees Rise of Recession Ahead Read More »