Debt Review Awards: Large Debt Counsellor Nominee Debtline was again recognised as a leading debt counselling practice in South Africa for 2023. We have been nominated in the Top 10 Large Debt Counsellors category in the Debt Review Awards 2023. The Debt Review Awards website describes the process as follows: […]
In today’s challenging financial conditions, where interest rates are rising and monthly expenses keep climbing, many South Africans need help managing their debt. The fear of vehicle repossession and the burden of increasing loan instalments have become all too real for many. Moreover, financial stress takes a toll on mental […]
Vehicle repossession can be a real concern, especially as South Africans are currently facing a very challenging financial climate where monthly expense rates keep increasing. With expenses increasing due to a range of interest hikes, loan instalments may continue to increase, too. This has more and more people defaulting on […]
When paychecks come in, we’ve been taught to split the funds into categories of monthly expenses, essentials, luxuries, and savings. In normal circumstances, it would be easy to split funds across these different categories without a worry. However, the current financial climate is making it impossible for South Africans, forcing […]
South Africans across the income spectrum are struggling to pay their debts, with many under debt review. Many are being ably assisted by experienced professionals to shed the yoke of outstanding debt. There are a myriad of reasons for this – the high cost of living, salaries not keeping pace […]
South Africa’s middle class is drowning in debt, and stresses are mounting, with ordinary folk dealing with serious financial difficulties. Over 60% of the middle class is said to have unsustainable debt levels, with many hoping that rate cuts are on the cards. In an environment of rising interest rates, […]
Just as the South African Rand changes its design occasionally, so do tax laws get revised and revamped. The time of the year has fallen upon us for the National Treasury to publish the annual draft of tax law amendments, and this year, it is bringing non-compliant taxpayers into the […]
With the interest rates continuously rising, more and more South Africans are struggling to keep up with their debt. Recent stats have revealed that many South Africans spend 65% of their net income on servicing debts. The snowball continues to grow, leaving more South Africans struggling to make ends meet. […]
Times have changed, and rent-to-own is now a possibility for almost any item in your home. For those who need a new vehicle, there’s even the option of rent-to-own cars. But is this a good idea? Let’s take a closer look at what this means and if it really can […]
As the Rand has weakened, the past couple of years have been a wild time riding the rise of inflation and repo rates. The constant increase in expenses has been hard on South Africans, particularly for those in debt. The Rand is slowly but surely strengthening in value, which comes […]
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