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National Debt Advisors – Latest Posts
How those living on minimum wage or low income can save
Very often we think about saving, in very literal terms. We think about physically saving money in a jar or in a bank account. This way of thinking leads us to (rightfully) say “I don’t even have enough for necessities, how am I supposed to save?” It is here, where...
Traditional scams that escalate at this time of the year
Nothing keeps die-hard criminals at bay. Now, more than ever we have to be vigilant and safeguard our hard-earned money. Here are three traditional scams that escalate at this time of the year: 1. Vishing scams Someone pretending to be from the bank will call you....
Safety Tips for Online Black Friday Shopping
Covid-19 has undoubtedly changed the way people shop. Many people don’t want to expose themselves to crowds and queues and have opted to do their shopping online. Online shopping is expected to reach its peak with Black Friday happening this weekend. I would really...
Know your Consumer Rights
Consumer Rights As we head into the shopping season of year, we need to be aware that as consumers, we have rights. Yet, few South Africans are even aware that there is legislation protecting our consumer rights. It's important that you know your consumer rights. The...
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...
