Consumers can get their lives back after going under debt review although the process is not easy
Debt-strapped citizens are taking short term loans to ‘balance’ cash flow as wages fail to keep up with the cost of living
The debt counselling process is not always smooth, as a Durban homeowner who fell into arrears on her mortgage has discovered
Stay vigilant and really understand what higher interest rates mean for you, says one expert
Unsecured lending continues to boom in households but it appears that corporates have lost their credit appetite.
Over the festive season and into the New Year, debt counsellors DebtBusters has seen a doubling of enquiries compared to the same period last year.
You need to find out the terms of your debt review first. You can also just pay off your debt quicker.
What to do if your debt review is terminated.
Rules for debt review: check out your debt counsellor and never miss a payment
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/ 2 February 2011
A landmark legal judgement means consumers and debt counsellors have won a battle against some major credit providers.
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/ 10 December 2010
A code of conduct between credit providers and debt counsellors should iron out the problems that stymied many of those seeking protection.
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/ 7 December 2010
Banks and debt counsellors agree to a set of rules to resolve the debt crisis.
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/ 16 October 2010
If your debt has been handed to a debt collection agency, knowing your rights can save you money.
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/ 30 September 2010
Debt consolidation works if you have the discipline
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/ 8 September 2010
Nearly half of credit-active South Africans are in financial trouble. They can now call a single number to get advice on how to manage their debt.
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/ 3 September 2010
Motorists welcomed the announcement by the Department of Energy on August 27 that the retail price of all grades of petrol would decrease by 10 cents.
Single mothers make up 75% of women in debt counselling.
One cannot overestimate the national importance of a proper debt-review process and the role that the regulator has played in bringing this about.
More than eight million in SA are struggling to clear debts, which is why the success of the National Debt Review Committee is a national imperative.
There is such a negative stigma around debt that consumers try to pretend it is not there, writes Luke Hirst, MD of Debt experts Debtbusters .
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/ 11 January 2010
Consumers have flooded debt counsellors’ offices nationwide after over-extending themselves during the holidays.
South Africa needs 2 500 more debt counsellors to cope with its growing consumer crisis, according to debt counselling company Consumer Assist.
Debt: Combined with higher fuel and food prices, middle-income earners have hit a wall — and further interest rate hikes have not been ruled out.