Personal finance Blogs

Dealing with overwhelming debt can feel like being stuck on a treadmill of stress and constant struggle without any way out. It starts out as a small credit card payment here, a car finance there, a store credit purchase once or twice, and...

Whether it be for education, a house, a new car, or to cover an unexpected excess amount to your insurance when you damage that car, most of us will at some point in our lives need to acquire debt. The problem is, while debt might start out as a...

Sitting at a staggering 35.3%, unemployment in South Africa, according to Stats SA, is the highest it has been since the start of the Quarterly Labour Force Survey in 2008. Youth unemployment carries the bulk of the burden with unemployment rate...

Overwhelming debt affecting economy as 1 in 5 employees suffer dire financial stress. With unemployment and inflation rates at an all-time high, the South African economic climate is in absolute tatters. This environment of increased poverty and a...

Often serving as a beacon of hope during the darkest of times, debt review was introduced by the National Credit Act of 2005 to assist overindebted consumers rehabilitate their finances whilst preventing credit providers from repossessing their...

If you have ever faced difficult financial periods, you have probably had to deal with the frustrating calls from creditors and debt collectors making all kinds of demands and threats. Entering into credit agreements and falling behind on your...

If there is one thing that the Covid-19 pandemic and all the money woes that came along with it taught us, it is that no one can survive in the current economic climate with just one source of income. A recent study done by the Henley Business...

If you are struggling with your monthly debt repayments, you may have been told that debt counselling is the ultimate solution for over-indebtedness. However human nature still asks, is this really a good idea? After all, the last thing anyone...

More often than not economically active individuals will find themselves having to go into debt at some point in their lives. Generally, debt starts when our spending exceeds earnings, and we start living beyond our means. The reasons for this can...

Losing your job can be very stressful. It is even more devastating if the job loss was unexpected and not due to your own faults. Due to Covid 19, job losses have been the sudden reality of millions of people all over the world. Stats SA reported...

The latest Consumer Credit Market Report, released by the National Credit Regulator (NCR), shows that a total of 66.04% of South African consumers seeking credit are getting rejected. This demonstrates that South Africans are clearly battling with,...

When considering debt review, the question of the ability to take on more credit while under the programme is often first on the list for most people. Afterall, one of the main reasons most people seek debt review in the first place is the...