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How is debt consolidation different from debt counselling?

How is debt consolidation different from debt counselling?

25 February 2021

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...

What happens to your debt when you move abroad?

What happens to your debt when you move abroad?

1 February 2021

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?

New Year resolutions to help keep you away from bad debt

New Year resolutions to help keep you away from bad debt

29 December 2020

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?

Struggling to find a gift for your loved one? Help them with their debt

Struggling to find a gift for your loved one? Help them with their debt

22 December 2020

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.

What are the dangers of taking out a “Christmas loan”?

What are the dangers of taking out a “Christmas loan”?

20 December 2020

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 “...

4 Examples of good debt to help build your credit score

4 Examples of good debt to help build your credit score

17 December 2020

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.

If your creditors are hounding you, will you be charged collectors’ fees?

If your creditors are hounding you, will you be charged collectors’ fees?

2 November 2020

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.

How to calculate interest on your loans

How to calculate interest on your loans

12 October 2020

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?

Asset repossession - what banks want you to know

Asset repossession - what banks want you to know

12 August 2020

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...

Why debt counselling is better than an administration order

Why debt counselling is better than an administration order

15 July 2020

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.  

10 Questions you should ask your debt counsellor

10 Questions you should ask your debt counsellor

29 June 2020

This guide will look at 10 questions you should ask your debt counsellor before you go through with the process.

What are your debt rights?

What are your debt rights?

13 April 2020

Whether due to having lost your job, as a result of poor financial planning, or at the hands of a nationwide crisis – debt if not managed properly can ruin your life. So how do you avoid walking this path?

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