Debt articles
What happens to your debt when you die?
What happens to our debt when we die? We consider different scenarios, and the role of financial planning in creating a debt-free legacy.
Can you get a loan while under debt counselling?
Debt counselling will inevitably have a positive impact on your finances, which may tempt you to acquire further credit. We consider whether this is feasible.
A step-by-step guide on how to manage debt
We have a look at the steps you can take to regain control of your debt, and we consider how you can stay motivated while working through the process.
Which debts should you really pay off first?
There are different schools of thought when it comes to which debts you should pay off first. We examine two approaches.
How to set up a debt-exit plan
If you know that you’re struggling to keep up with your debt repayments, it would be beneficial to set up a plan specifically to be done with your debt. This can help you gain control of your finances again.
How to cope with loan and debt defaults
South Africans are experiencing a debt crisis. We find out how you can cope with loan and debt defaults, and how you can get your finances back on track.
What does it mean to be blacklisted?
The term “blacklisted” is an outdated concept that was used to refer to borrowers whose access to credit was blocked owing to a poor credit report.
Which gender best manages their debt?
Since the start of the pandemic, many South Africans have struggled to keep up with their debt obligations. We find out which gender has done a better job of managing their debt since Covid arrived.
Should you consider a mortgage bond switch?
When switching your bond, the transactional costs will depend on the value of your loan. You will also need to consider the cost of an attorney to re-register the bond.
SARS' fixed penalties for late tax filers
Penalties are not a new concept for SARS. From the outset, a system was created to identify instances where individuals and businesses failed to submit their returns.
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.
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.