Debt articles
Childhood trauma can ruin your personal finances
“It must be my fault,” you think while hopelessly staring at the remnants of your financial security. But you might be wrong. Your financial instability may be derived from childhood trauma, rather than an innate character flaw.
Your guide to debt counselling
Debt counselling is a regulated solution that enables you to regain control of your personal finances. We consider this option, and some factors attached to its use.
4 Steps to turn around your debt
For many of us, January is the month to set goals, find renewed motivation, and make changes to areas of our lives where we feel that they’re needed. But let’s be honest, as the year and the motivation dwindles, these goals are oft...
Why debt counselling is better than an administration order
If you are struggling with debt, there are a wide range of programmes that could provide some relief. However, in order to choose the best one, you must be aware of its benefits and pitfalls.
Do you want to settle your debt?
You may be considering settling one or more of your credit accounts. We look at how you can navigate this process.
Are you overindebted?
With debt levels increasing at 13% more than income levels, South Africans are more debt-stressed now than arguably ever before. This is iterated by the National Credit Regulator’s (NCR) report that nearly half of credit-active consumers ...
This is what you should do if you receive a judgement
What can you do once you receive a judgment? We got in touch with a leading credit bureau to find out.
Asset repossession - what banks want you to know
When you’re facing financial strain, it can be difficult to keep up with your debt. Unfortunately, if you refrain from paying your debt, your creditors have the right to take legal action against you. This includes repossessing your asset...
How to calculate interest on your loans
When you take out a loan, your credit provider will charge you interest on your repayments. This is essentially the monthly cost you pay to have immediate access to a lumpsum of money. But do you know how your interest is calculated?
If your creditors are hounding you, will you be charged collectors’ fees?
If your account is in arrears, and you are handed over to a collection agency, you may well be charged collection fees. We consider the legalities.
4 Examples of good debt to help build your credit score
Taking out credit can cost you monthly instalments for many years, along with large interest payments and credit life cover, the latter in case you default. But as demotivating as debt may seem, there are actually good reasons to consider pursuing credit.
Struggling to find a gift for your loved one? Help them with their debt
The holiday season is around the corner, but rather than being excited about the festivities that lie ahead, you may be fretting about what to get your loved ones.