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National Debt Advisors – Latest Posts
Safeguard your money over the festive season
2020 has been like no other year before it. No one could ever have imagined that this year would hold so much upheaval on every level – especially on the financial front. Many people lost their jobs and even more people had their salaries interrupted and adjusted...
Your rights with regard to vehicle repossession
You must know your rights when it comes to debt collectors, especially those who want to repossess your vehicle. Let’s be clear, no one except a sheriff with a valid warrant of execution, that has a court stamp and is signed by a court official - may enter your...
2020 Savings Tips for Black Friday
Almost nothing about 2020 has been normal. Nearly everything in 2020 has been different. Yet, our advice around Black Friday shopping remains the same – specifically because of all the upheaval we have experienced this year. Lockdown hit our pockets hard! Jobs were...
Can I leave debt review?
NDA CEO Sebastien Alexanderson responded to a question from a News24 Money Clinic consumer who wanted to know if he could be removed from debt review when all his debts are not fully paid. The most frequently asked question in our industry is, "Can I leave debt review...
Debt consolidation loans – are they the answer to your financial woes?
What are debt consolidation loans? The word CONSOLIDATION effectively means the the action or process of combining a number of things into a single more effective or coherent whole. It is for this reason many people seek one loan to cover all of their debt with one...
The good, the bad, the ugly… and the bizarre of the MTBPS
The government’s Medium Term Budget Policy Statement (MTBPS) was presented by Finance Minister Tito Mboweni on Wednesday 28 October 2020 – and it wasn’t pretty! South Africa’s debt situation is downright dire!Minister Mboweni said “We used to boast about the fact that...
National Wills week
Covid-19 has left many families devastated by the sudden passing of loved ones. Adding to this trauma, is the fact that many South Africans who pass on do not have wills in place. This can cause huge disagreements amongst loved ones and can leave the estate of the...
Money and mental health are connected
October is Mental Health Awareness month. There is no doubt that being in financial distress heightens your emotional distress - and research shows that money and mental health are connected. Poor mental health can make earning and managing money so much harder than...
SA Economic Reconstruction and Recovery Plan
A post-Covid recovery plan for South Africa was revealed by President Cyril Ramaphosa in Parliament on Thursday, 15 October 2020. SA’s economy is expected to shrink by at least 8% this year, with more than 2 million South Africans losing their jobs in the second...
SA consumers are in deep trouble – but petrol price drop may help
Statistics show that there are 14 million employed persons in South Africa. Yet, there are 27 million people (nearly double the number of employed persons) who are credit active and have accounts. To make things even more interesting - these nearly 27 million people...
There is help for first time home owners
Owning a home is the dream of most people, and working towards it gives one a sense of purpose. Yet, getting a home loan and the deposit together is often a very daunting task and can discourage many people. However, there is help for first time home owners. Very few...
What about those who can’t afford to emigrate?
It is estimated that there are 25 000 skilled workers leaving South Africa every year. Private schools which have school fees ranging from R3000 per month to R15 000 per month (per pupil) are greatly affected, as parents of pupils are opting for what is considered...
