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 […]
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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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In September 2024, the South African Reserve Bank (SARB) finally delivered some financial relief, cutting its repo rate by 25 basis points (bps) from 8.25% to 8.00%. The rate cut indeed kicked-started a gradual interest rate easing cycle after more than four years without cuts. Although an apparently small adjustment, […]
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The first rule of thumb with the Debt Review journey is that you need to entrust your finances with reliable debt counsellors. While an array of debt review specialists are available online, selecting the first Google search result isn’t always the best idea. It would be advisable to find an NCR-registered debt […]
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Do you have a lot of debt and struggle to keep up with your monthly payments, worry not – you don’t have to handle the stress of counting your cents to survive any longer! Believe it or not there are options available that could change the way you spend and […]
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Many South Africans are in spiralling debt and feel overwhelmed by the situation, unaware of their financial future. You might be among the many struggling to keep your head above water and thus heard that debt review might be the answer. Read: 3 Common Misconceptions about Debt Review But what […]
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Having your name removed from debt review could be a complicated process and require you to adhere to strict guidelines. We’ve broken down the process to help you to exit successfully. If you previously found yourself under debt review, but have had a change of heart or your financial circumstances have improved, you […]
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