There are numerous Debt Review misconceptions individuals simply accept. Having inaccurate or inadequate information can undermine your capacity to choose the correct debt solution for your money related situation. Below, we take a look at a few misconceptions that have plagued the Debt Relief industry for years. Misconception #1: Debt review takes longer than 5 years to complete. This…
“By staying calm, you increase your resistance against any kind of storm.” ― Mehmet Murat ildan The outbreak of the coronavirus, and its classification as a pandemic by the World Health Organisation on 11 March 2020 has sent the world into a flat spin. One of the biggest questions is how this situation is going to impact the global economy.…
In the golden days of a new relationship, money is typically the last thing on anybody’s brain. Hearts are beating fast, connections are being made and love is all around – so why would anybody want to ruin that with a discussion about rands and cents? Be that as it may, as the relationship progresses, the importance of talking about…
Fortunately, not! One of the numerous benefits of the debt counselling process is that your assets, such as your home or your car, are protected against repossession under the national credit act (NCA). When you are under the Debt Review process, your debt counsellor takes on a role as the go-between for you and your credit providers, which means your…
We have a never-ending relationship with debt. Consider this scenario: After years of taking care of your debt, you’re at long last without a worry in the world – and you would like things to stay that way. So, what now? If you’ve recently taken care of your debt – with a little help from our debt counsellors – and…
Moody’s Investors Service has announced it is too early to know whether the state of the Rand is going to improve before the next rating. The service is in the process of looking for a credible vision for the South African economy. The outcome of the next rating could have an impact on citizens, influencing how much tax is paid…
There is nothing quite like kicking off your shoes, getting comfy and diving into a great book. As 2020 comes into full swing, what better book to open than one that will help you put your finances in order? To help assemble your arsenal of personal finance books, we have put together the best books that offer an abundance of…
Debt Counselling was introduced by the National Credit Act (NCA) as an answer for people with an excessive amount of debt in 2007. The motivation behind Debt Review is to offer a way out of debt for those who can not make their repayments each month. Debt Review is a highly successful option compared to traditional solutions such as Administration…
“You should not spend more than what you earn.” You’ve probably heard it before. And it sounds simple, right? In principle, it is. But in reality, it isn’t. This is because the economy is designed for you to face debt at some stage in your life. But that doesn’t mean it’s inevitable to fall into – and stay in –…
New Year’s Resolutions – the good intentions people have to be better at something in their life over the year. People often set too-difficult goals and ultimately fail. Setting up the right goals is the first step to achieving success. If “saving more” and “budgeting better” are goals on your list of resolutions this year, set up for success by…
