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Debt Counselling Blog

South Africans Are Sinking Under Debt
South Africans Are Sinking Under Debt

South Africans are sinking under debt – and the credit amendment bill won’t pull us out. Quick cash and easy credit is available everywhere you look, but as SA faces off against a vicious credit storm, the new credit amendment bill presented by the ministry of trade and industry doesn’t go nearly far enough to reform a reckless industry. By…

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Representative Example
Loan Repayments are full of variables and things such as rates and once-off initiation fees. These vary depending on your individual credit profile. The terms of the repayment period can range anywhere from three months to a maximum of 6 years, with varying Interest rates from creditor to creditor up to a maximum of 28% per annum (compounded monthly).

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