Understanding your credit score is essential in today’s financial landscape, especially in South Africa. Your credit score plays a crucial role in determining your eligibility for credit and the terms you’ll receive. In today’s financial landscape, your credit score holds significant sway over your ability to secure loans, mortgages, and […]
Drowning in debt? You’re not alone. Many of South Africans are battling to meet their financial commitments. If your monthly repayments on your house, car, credit cards and other accounts have risen so high that you’re facing blacklisting, one option is to go into debt counselling or debt review. The […]
When you’re under debt review, making manual repayments every month can slide through the cracks easily. This is why the Debicheck option is a great way to make sure your repayments are always on time and up to date. If you’re not sure how to use Debicheck as a South […]
Debt isn’t exactly a fun topic to chat about. It’s often misunderstood, and the stigma surrounding it can make you feel isolated – especially when over-indebted. But here’s the truth: debt is more than just a financial responsibility – it can quickly spiral from a manageable tool to a full-blown […]
The festive season is a time of joy, family connection, and celebration – but let’s face it, it can also bring financial stress. If you’re worried about overspending this year, don’t fret! With a little planning and some savvy strategies, you can celebrate without breaking the bank. Here are some […]
They say money makes the world go round, but it can just as easily send you spiralling into stress and frustration! Many South Africans are weighed down by heavy debt and no clear plan to break free from it. If you’re stuck in the exhausting debt cycle and considering debt […]
Finance Minister Enoch Godongwana’s recent budget revealed a deepening deficit of 4.9%, indicating that times are tough. The South African government has racked up an additional R356 billion in debt, and the cost of living is straining economic growth. In an ideal world, we’d all have six months’ worth of […]
As the year slowly draws to a close, it is a sensible time for South African workers to reflect on their financial well-being and explore tips to enhance their financial security. Whether just starting your career journey or nearing retirement, implementing sound financial practices is essential for long-term prosperity. In […]
For many South Africans, the two-pot retirement system has become a go-to solution for paying off short-term debt and covering expenses like homes and cars. But while fewer people than expected have dipped into their retirement savings, it’s still a cause for concern. Read: Three Ways To Tackle Credit Card […]
How to avoid blacklisting is a common question. However, “blacklisting” isn’t used in the credit industry. This is because the credit bureaus now keep both the bad and good aspects of your credit history, whereas previously they used to keep only the negative information. Read: Demystifying What Blacklisting Means in […]
One thing that is undeniable is that an increasing number of South Africans are really feeling the pressures of credit and falling into a debt trap. These financial pressures are making it extremely difficult for many South Africans to get ahead of all their debts. South Africans have a debt […]
The numbers don’t lie – there’s over R2.5 trillion in personal debt in South Africa right now. Even more staggering is that R70 billion to R100 billion of that belongs to consumers already undergoing debt counselling. According to Benay Sager, Chairperson of the NDCA, South Africa has a world-class debt […]
Did you know that 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 […]
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