Blog - Debt Consolidation

Blog - Debt Consolidation

Free Yourself From A Debt-Filled Life

How to Spot a Dubious Debt Counsellor

If you are over indebted and have decided to approach a debt counsellor to assist you with applying for debt review, it is in your best interest to use the services of a professional. It is also in your best interest to use the services of a registered, qualified debt counsellor of good standing. Why…
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What is the NCA and How Does it Affect You?

The NCA or the National Credit Act is legislation that governs credit in South Africa. The NCA was compiled primarily to protect the consumer. The aim of this act is to, among other things, promote a fair, non-discriminatory marketplace as well as improve the standards of the consumer credit industry. This means it aims to…
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A New Year, a Perfect Time to Improve Your Finances

Why not use the new year as an opportunity to improve your financial health by making – and keeping – a few resolutions regarding your finances. Ideally, we all want to be healthier, and wealthier, so making plans for a better future, cutting back on unnecessary expenses and having a savings plan in place is…
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Are You Thinking of Settling Your Debt?

You might be thinking about settling your credit account. Regardless of whether it is a credit card or your clothing store account, now is a good time to do so. Perhaps you have received a salary bonus and have decided to do the right thing and settle your debt. Debt settlement, simply put, is where…
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Spend Less in December for a Stress Free January

How you spend your money in December have an impact on your finances in January. Will you start the year anxious about the large debt you have incurred, or will you be pleased and stress-free knowing that you haven’t overspent? Think twice about over spending your hard-earned money during this holiday season. Tis the season…
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Is Debt Review Good or Bad?

You, and probably a large number of people, have likely wondered whether debt review is a good or a bad thing. This question has been asked by sceptics since it was first introduced in 2007 by the National Credit Act. For over-indebted consumers, debt review is a very good thing. It has changed the lives…
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How Not To Overspend This Holiday Season

3 Tips for Saving This Holiday Season

Tis (almost) the season to be jolly and typically, spend lots of money. If the upcoming December holiday season makes you break out in a sweat over the huge amounts of money you know you will be handing out, consider ways in which to save your money, while still enjoying the merry season. We live…
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What Are Your Plans for Your Christmas Bonus?

The year’s end is almost here, along with the long awaited Christmas holidays. Most South African employees receive a Christmas bonus, and some receive a 13 th cheque. While this makes you feel giddy about the extra cash, the big question is what are you actually going to do with it? Should I spend my…
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How You Can Manage Your Debt

When you understand your debt profile, you will be better equipped for managing and paying off your debt. Your debt profile is your affordability, and your debt responsibilities. Your affordability can be determined by working out your debt-to-income ratio. This is your monthly commitments versus your income. Divide your monthly debt repayments by your net…
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Debt Consolidation Loans: What are they?

According to statistics released by the Reserve Bank, South African consumers are almost R1.7 trillion in debt, and that over 25 million South Africans owe money to both lenders and financial institutions. It has also been found that, on average, 72% of South Africans’ income was used to pay debt. What is a debt consolidation…
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Stuck in a Debt Rut? Consider Debt Review

If you are drowning in debt and it feels like it is taking over your life, it may be time to seek assistance. Taking responsibility for the debt problem and acknowledging that there is in fact a problem is the first step you need to take. You can also consider debt review. Some feel wary…
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Teach Your Kids a Lesson for Life – How to Save Money

Studies have shown that only 1 % of children who receive pocket save a portion of it. This is a frightening statistic if one considers that how easy it is to teach young children how to save money. As a parent, you can help teach your children the value of saving money and why it…
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