Debt Free

NDA is a NCR-registered debt counselling firm, who will help you become debt free by negotiating with your credit providers to have your monthly instalments and interest rates reduced.

recession in south africa

Consumers urged: no to debt during recession

Recession is a hard time in any circumstance, from increased rates to decreased value for money, consumers can feel the pinch out of nowhere. As South Africa enters into a technical recession, the National Credit Regulators have urged consumers to stay away from new or unneeded debts in our worsening economic climate.

In early June, Statistics South Africa announced that the country’s economy moved into a recession after the GDP contracted in two consecutive quarters- showing negative growth in the first quarter of 2017 and GDP contraction of 0.3% in the fourth quarter of 2016. While this is bad for the country overall, those with debt stress will have an even gloomier image in front of them.

Continue reading

The Urban Broke Are Still Trendy

Ever look at the friends around you and think “I WANT IT, NO… I NEED IT!!!” From the expensive designer clothes they wear, the trendy areas they live in, the high-end cars they drive, the after work drinks at roof top bars and the hotel dinners… all so that you can keep up appearances and let’s not forget those Instagram posts to show the rest of the world that you are out #LivingYourBestLife. Continue reading

student loans millennial debt

The Millennial Debt

From student loans to the modern family, this is Millennial Debt

 

Starting out as a young adult can be a tricky transition. One minute you are in the once in a life time experience of university, the next you are supposed to find your own way in life without so much as a helping hint- painted as an amazing fortress of opportunity, life can sometimes turn your views upside down. Continue reading

Snippets of Debt Wisdom

As the eminent quote by Sun Tzu goes in his influential book, The Art of War,

 “If you know yourself but not the enemy, for every victory gained you will also suffer a defeat.”

And, I’m certain that any debtor in the world would agree that being in debt is a lot like being ensnared in a drawn-out war of daily battles against an inexorable enemy. Continue reading