Saving money and staying within a budget is already hard, now throw in the holiday season – it gets even tougher. However, it doesn’t mean you can’t enjoy spending time with friends and family. Continue reading
On 26 February 2018, President Cyril Ramaphosa has finally announced the highly anticipated Cabinet reshuffle. Ramaphosa cut 13 members from Zuma’s cabinet and appointed his new deputy president, David Mabuza. Here is a list of the new members of Cabinet.
Valentine’s Day is just around the corner, and if you’re thinking of doing the ye old chocolate hearts, fluffy white ‘I Love You’ teddy bear and red roses routine for this year’s Valentine’s Day, perhaps it’s time to put down the crinkle paper.
It’s no surprise that the first month of the year has been dubbed, Janu-worry. After all, it is when most of people’s money troubles comes to the surface. As South Africans we know that December is not just the last month of the year, but #KeDezembaBoss is a lifestyle. And now, the dreaded month that follows has you doing your best to resuscitate your wallet.
Debt review is a form of debt counselling that aims to rehabilitate consumers whose assets may be at stake. Once consumers fail to make regular debt repayments on their accounts, credit providers often threaten to repossess their car or home. At NDA, we have compiled a list of debt counselling disadvantages to consider before undergoing debt review.
At National Debt Advisors (NDA) we understand the importance of consumer rights. So to give you an all-round understanding of what your consumer rights are according to the National Credit Act, we’ve compiled a list of your consumer rights under debt review, coupled with your responsibilities.
Are you struggling to pay off your loans? Are you left with little to no money after paying your monthly debt repayments? Are you meeting your monthly obligations? Are you over indebted?
There’s a reason why they call it the “silly season”. It’s almost tradition for consumers to lose their wits about the festive time as families are brought together by time off and extended holiday periods, end-of-year bonuses, and of course, the paradisaic weather conditions.
Moreover, debt can weigh heavy on you. Apart from the financial burden that debt repayments cause, the mental and psychological effects of debt are probably more weighted than anything else. As a result, debt problems are closely linked to anxiety and depression. Furthermore, debt can result in mental health issues, leaving you feeling demotivated, thinking that there is no way out.
With all of the above in mind, we want you to make the most of your festive season without having to deal with the financial, mental and psychological consequences in January.
So you’ve seen the hype around rent-to-own cars? And because you’re over-indebted or blacklisted this sounds like a great way out. These rent-to-buy schemes don’t take these factors into consideration. If you can afford the monthly instalment, you’re that much closer to driving away with a new car. At National Debt Advisors (NDA) we care about you and your financial well-being. This is why we want you to be in the know about rent to own car deals.
Throughout 2017 there has been a huge spike in money lenders using SASSA (South African Social Security Agency) cards as collateral for credit. As of late, the National Credit Regulator (NCR) has been investigating these lenders after SASSA became inundated with calls from beneficiaries requesting proof of payment.