Blog - Debt Consolidation

Blog - Debt Consolidation

Overwhelmed by Debt? What is the Next Step?

It can be tough to make ends meet in these increasingly more difficult economic times. Quite often, one can find themselves sinking further into debt. If you’ve recently received a reduction in your working hours, or worse, no longer have a job, your debt may feel overw n these tough economic times it is difficult…
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How Debt Review Can Help You

Are you struggling against what feels like an endless tide of debt? You are certainly not alone. In these uncertain times, especially now that the pandemic has emerged in force, many South Africans find themselves as over indebted. This means that they are unable to meet their monthly payment obligations to their creditors. The cost…
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Will You Benefit From Debt Review?

There are a huge number of South Africans who are struggling with debt. The Covid-19 pandemic certainly added to our country’s debt, and there a still a great number of people who are over indebted. Over indebted means being unable to meet monthly financial obligations. A person is over indebted if he is unable to…
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Tips To Reduce Your Monthly Spending

Even if you have a carefully planned budget, it is easy to get carried away when you are tempted with spending more than you should. Like those gorgeous shoes that you must have, or the night out at the new restaurant. The good news is that you can reduce your monthly spending, and still have…
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I Have Too Much Debt! What do I do?

It is another new month and you find you cannot pay your monthly bills again. Statistics show that up to 80% of South Africans are over indebted, in other words, they cannot afford to meet their monthly payment obligations. Both poor money management skills and the use of credit has led to a situation in…
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You Can Reduce Your Debt

For the second month running, petrol prices are set to increase. This along with increased elecctricity and food prices. It is a fact that costs are going up and the cost of living is increasing. In order to free up a little disposable income, it makes sense to get rid of some of your debt…
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5 Step Guide to Debt Review

A large number of South Africans are struggling with debt. According to the National Credit Regulator, of the 23 million people with credit such as loans, store cards and credit cards, over 45% are considered over-indebted. This means that over 45% of people with credit cannot afford to meet their debt obligations. Fortunately, there is…
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Debt Counselling or Debt Consolidation – Which to Choose

For a large number of consumers, managing their debt is a necessary priority. You may have heard the words ‘debt counselling’ and ‘debt consolidation.’ But what are they, and which is the best option to choose? It is best to understand what each of these terms mean. Once you have a better perspective of each,…
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Will I Benefit from Debt Counselling?

Finding it a struggle to meet your monthly financial obligations? Are your bills more than your income? It may be that you are over indebted. Consider debt counselling. In 2007, the National Credit Act introduced debt counselling. In a nutshell, debt counselling is a legal process that provides for a consumer to be declared over…
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How to Deal with Financial Stress

If you’re in debt, not earning enough money, or lost your job due to the pandemic can lead to financial stress. Stress of any kind plays havoc with your emotional and physical well-being. If you can reduce your financial stress, you’ll be able concentrate on other, important areas of your life. You’ll gain peace of…
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What to do about Finances During the Coronavirus Pandemic

You may now have reduced hours or a change in your work schedule as a result of the Coronavirus pandemic. While this may feel overwhelming, there are a number of things that you can do to help you budget properly during this challenging time. First things first: Create a budget: this is always important. Have…
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The Difference Between The NCR and NCA

We are aware of the National Credit Act and what it does. There are, however, acronyms that are similar and can lead to confusion. The NCA is the National Credit Act. The NCA was signed into law on the 15 th March 2005. There is also the NCR, which stands for the National Credit Regulator.…
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