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, […]
If you are experiencing financial difficulties, you may have come across consolidation loans (also known as debt consolidation). Many people confuse debt consolidation for debt review, but the two are actually entirely different processes.
It’s been a rough few years for South Africans, and consumers are having to find new ways to cut expenses to make it every month. With prices of everything continuously increasing since late 2021, more SA residents are struggling to keep their heads above water. The latest data by Old […]
So, you took the first step and decided to be under debt review, but you may wonder, “What happens after debt review?” Or perhaps you’re considering tackling your debt head-on, but you wonder what the future holds. Once you’ve paid off all of your debt, a few things will take […]
The fear of losing assets while under debt review is a genuine concern for people and prevents many from seeking debt counselling. However, the fear is unfounded as debt review protects your assets. Read: Car repossession rules while under debt review One of the numerous benefits of debt counselling is […]
If you have no experience with how debt review works, you probably want to know what the car repossession rules may be. For example, will your car be safe? Does being under debt review mean giving your vehicle back to your creditors? We know it can be intimidating when all […]
If you’re struggling to cope with your debt, you need to know what Debt Review is, both the positive and negative aspects. However, for someone struggling with debt, it is undoubtedly one of the safest options. With loan consolidation, careful budgeting, self-discipline and other options available to get rid of […]
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, […]
Removal from debt review could be complicated and require you to adhere to strict guidelines. We’ve broken down the process to help you to exit successfully. If you find yourself under debt review, but you’ve had a change of heart or your financial circumstances have changed, you may be considering […]
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