Blog - Debt Consolidation

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.…

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…

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…

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…

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…

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?…

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…

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.…

The coronavirus pandemic has caused many South Africans to take a hard look at their finances. Many have had to use their emergency or savings funds to help get by. While the reopening of our economy has brought a huge sigh of relief to many, it is still as important, if not more, to put…

We are all aware that we can save on our energy bills, but we sometimes forget that it is often the most simple of tasks that make it a reality. No one likes being cold, and it is the easiest thing to switch on a heater to warm the room at the end of the…

Honouring your monthly debt payments can be challenging, especially during difficult economic times. It may be that you have been retrenched, and are finding it a struggle to make ends meet.  Avoiding your debt payments will not help, and, as you have borrowed money or incurred debt, you have a contractual obligation to repay the…

Managing your money is always important, but it becomes essential during a crisis like the coronavirus pandemic. The entire world is facing a challenging time, and you may find yourself in a similar situation. It is a good a time as any to re-evaluate your finances, your debt and the way forward. Steps to consider:…