The term over-indebtedness applies to those who currently have credit repayments that exceed their current income. In such cases, you could be turned down for a credit application as taking on the additional financial commitment could cause you to be over-indebted. Read: 10 Warning signs that you have a debt […]
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Banks and financial institutions across South Africa offer loans of different kinds to customers every day; one of these loans is the personal loan. A personal loan is available to fill any need and doesn’t have a specific purpose. Unlike a home or car loan, you can use the funds […]
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In today’s economic climate, retrenchments occur regularly, and if you are under debt review, you need to know your rights and the options available. Between businesses struggling to keep their doors open and there being too many people searching for employment, being retrenched is not uncommon. But if this happens, […]
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Debt can impact your loved ones on multiple levels and it is therefore important to face it together. Debt slowly creeps up on you until you struggle to escape its grip. While many believe that it affects only you, it may affect your relationship or marriage too. When you’re linked […]
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There is such a thing as good debt, and in this article, we break it down for you. Today being in debt is a fact of life. No matter who you are or where you live, chances are you’re in debt, either from mounting credit cards, personal loans, or all […]
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Are you concerned that you may have a debt problem? Perhaps you find yourself dodging calls and emails from debt collectors, or you’re not sure how you’ll make it through the month. Falling into unmanageable debt can happen to anyone. If you still need to figure out if you have […]
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Garnishee orders are a last-ditch resort for creditors to get back the debt owed to them. While they aren’t as common today as they were a few years ago, they are still a reality for many South Africans. What is a garnishee order? A garnishee order is when a creditor […]
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According to debt collection laws in South Africa, creditors are obliged to talk to a debt counsellor while you are under Debt Review. They cannot legally reach out to the individual. So what happens if a creditor does try to contact the person? Debt collection laws in South Africa First […]
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Thousands of people regularly borrow money from friends and family members to start businesses, purchase assets, or even just make it through the month. In fact, a recent study commissioned by TymeBank revealed that 57% of South Africans are out of pocket before the 15th of the month; of this […]
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Happy Dare Day! Today is dedicated to daring those around you to do the things they wouldn’t usually do – things they may be afraid to do. It’s a day for action, and for taking risks. One major factor that often stops us from taking action and reaching our goals […]
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