Blog - Debt Consolidation

Blog - Debt Consolidation

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,…
Read More

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…
Read More

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…
Read More

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…
Read More

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.…
Read More

Lessons You Can Teach Your Children

As parents, we are the primary influence on our children’s lives. This, too, includes finances. Children learn concepts from a young age, and even as young as three years old can make sense of concepts such as saving and spending. Use a few steps and help them in the right direction to understanding the importance…
Read More

How Does the National Credit Act Benefit You?

First signed in 2005, it is legislation brought in to assist the credit market of South Africa. The act was created to regulate South African lending with safe and responsible practices. It includes the understanding that banking services should be more accessible to all South Africans. The National Credit Act is regulated by the National…
Read More

Enjoy Your Holiday at Home This Year

The old song by The Carpenters says “there’s no place like home for the holidays.” As we near the end of 2020, these lyrics have added significance. With Covid-19 cases on the rise, many families have chosen to stay at home this holiday season. While it may be tradition to travel to family in other…
Read More

Worried About Mounting Debt?

If you are worried about bills that keep growing, it is time to get help and advice. Ignoring the problem is really not a good idea. It is best to address the problem to avoid it becoming too big to handle in the future. Finding yourself in a situation where you are unable to pay…
Read More

How to Manage Your Year End Bonus Sensibly

The end of the year is a time when most South African employees receive their year-end bonus. The very idea of receiving extra money, especially at the end of a challenging year, comes as both a relief and a delight to most. The big question is – what are you planning to do with it?…
Read More

What is Debt Review?

Are you having a hard time making ends meet? Does the end of the month equate worry and stress over paying your bills? You could consider debt review. This is a process specially designed to assist people take control and manage their debt. If you are struggling to manage your monthly debt repayments, debt review…
Read More

A Brief Guide to Debt Counselling

A very large number of South Africans are in debt, and many are behind in their debt repayments. As a result of the current economic crises, many people are incurring too much debt that they cannot repay. Not sure if you have too much debt? You can work it out by calculating your debt-to-income ratio.…
Read More