Debt articles
What are the dangers of taking out a “Christmas loan”?
As you worked out the budget for the gifts you plan to buy your loved ones this Christmas, you may have realised that what you want to give them is outside your means. To make your budget work, you may have considered a payday loan, or a “...
New Year resolutions to help keep you away from bad debt
With the new year around the corner, you may be resolved to get your finances in order, and to spend the next year growing your net worth. So how would you go about doing this?
What happens to your debt when you move abroad?
Imagine being offered your dream job in Europe and you need to report to your new office in a month. But before heading off, you need to get your affairs in order in South Africa. What happens if you have outstanding debt?
How is debt consolidation different from debt counselling?
If you’re struggling to manage your debt and you decide to seek help, you will likely come across the terms “debt counselling” and “debt consolidation”. Although they sound like synonyms, these are two separate...
Should you get a personal loan from a bank or a loan provider?
When you decide to take out a personal loan, you need to consider many factors which will help you determine how long it will take you to settle your debt. However, you will notice that you can take out a personal loan from the bank or from a lo...
Everything you need to know about a Section 129 notice
If you’ve been struggling to pay your debt and your creditors have been calling you, then chances are you’re about to receive a Section 129 notice. But what is this document, and what does it mean?
How to split your debt when you get divorced
Going through a divorce will always be difficult. What’s worse is dealing with the additional pressure of outstanding debt. Working out how to split your debt can be very tricky.
Prevent your home from being repossessed
When you take out a home loan, you don’t intend to falter on your monthly repayments. However, the unthinkable may happen and you’ll have to find a way forward.
Economic devastation sees rapid rise in debt counselling
A survey conducted by DebtBusters indicates that consumers are increasingly turning to debt counselling.
How to handle a call from a debt collector
If you don’t keep to your debt obligations, your credit provider will reach out to their collections department, or partner, and request that a debt collector call you. We briefly look at how debt collectors work, and how you should handl...
How to use debt to make money
In some cases, taking on debt can lead to profit in the long run. We have a look at where this applies, and we consider whether you should choose this route or not.
10 Fundamental financial mistakes
Keeping track of your personal finances can be difficult, and sometimes even the smallest mistakes can cost you dearly. We consider ten of the more fundamental financial mistakes, and offer some tips on how to avoid them.