Economic times are likely to remain challenging in 2017, and South African consumers are very much in for a rough ride in 2017. Continue reading
What is a garnishee order and how does it work?
When you are in financial trouble, debt counselling can provide you with a solution that can help you find your way back to financial stability and with a Constitutional Court’s ruling earlier this year, the garnishee order as we know it could be a thing of the past.
Is it possible to get a loan while under debt review?
The short answer is no… if you are one of the many people who are currently under debt review (Debt Counselling) it is highly unlikely that you will be able to apply for credit from any of the mainstream banks or lending institutions as it is against the law. Continue reading
Ever since it was introduced by the National Credit Act in 2007, people have been asking the question: is debt review good or bad? The answer is undoubtedly that debt review is a very good thing for over-indebted consumers. It has changed thousands of lives for the better, rescuing debt stressed households from the brink of financial ruin. Continue reading
People are experiencing tough economic times in South Africa, with soaring food prices, electricity tariff hikes, petrol price increases, interest rate hikes and more. This may be why people are still taking out loans, even while under debt review. Continue reading
If you’re looking for a debt solution that will provide you with lasting financial relief, you may have wondered: can I settle my debt while under debt review?
Many people still don’t know what to expect of debt review or if it will actually work for them. Being in debt and not being able to manage it is very difficult. It is best not struggle alone, as a professional, such as NDA, could put a plan in place and your mind at ease right away. Continue reading
Are you wondering how to clear your name from debt review after completing the process? Once you have settled all of your debts and received your clearance certificate, your debt counsellor is obligated to notify the credit bureaus. The bureaus are then legally required to remove the ‘under debt review’ flag from your credit profile within 21 business days of being notified that you are no longer under debt review. Continue reading