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Are you overindebted?

Are you overindebted?

12 February 2020

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 ...

4 Steps to turn around your debt

4 Steps to turn around your debt

7 January 2020

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...

The ins and outs of the Debt Relief Bill

The ins and outs of the Debt Relief Bill

1 September 2019

The National Credit Act Amendment Bill, otherwise known as the Debt Relief Bill, was signed into law by president Cyril Ramaphosa in August 2019. But what does this bill mean for consumers who are struggling with their debt? Justmoney found out ...

Childhood trauma can ruin your personal finances

Childhood trauma can ruin your personal finances

18 April 2018

 “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.

NCR fines Shoprite R1m for reckless lending

NCR fines Shoprite R1m for reckless lending

7 September 2017

The National Consumer Tribunal (Tribunal) says it has found Shoprite guilty of reckless lending and fined it a whopping R1 million for its transgressions.                          ...

ConCourt rules property owners not responsible for inherited debt

ConCourt rules property owners not responsible for inherited debt

29 August 2017

Municipalities can no longer hound you for the debt that the former owner of your property accumulated, thanks to a new ruling made by the Constitutional Court 

When can the bank repossess your house?

When can the bank repossess your house?

6 April 2017

Can your home loan provider simply evict you off the property, or do the right of unlawful occupiers apply to you to?

Five ways to avoid the festive season debt trap

Five ways to avoid the festive season debt trap

13 December 2016

It is easy to get carried away with spending over the festive season, purchasing those gifts for the special people in your life and feasting on delicacies you usually don’t have. However, this spending spree over the silly season can lea...

Stricter laws to help over-indebted bank customers?

Stricter laws to help over-indebted bank customers?

21 November 2016

There is a debt culture in South Africa, as many families are forced to take on debt to provide the basics for their family, such as putting food on the table. While there are steps and procedures in place to help people who become over-indebted...

Cosatu wants consumer debt to be written off

Cosatu wants consumer debt to be written off

20 November 2016

In a submission made to Parliament’s portfolio committee on Trade and Industry on Tuesday, the Congress of South African Trade Union (Cosatu) appealed to the government to cancel debt of consumers who have been victims of reckless and exp...

The advantages and disadvantages of going under debt review

The advantages and disadvantages of going under debt review

7 November 2016

Consumers often turn to debt review as a solution to their financial problems. Experts warn that applying for debt counselling should be carefully considered as there are both advantages and disadvantages.

Why are people not paying their debt?

Why are people not paying their debt?

9 October 2016

The latest Credit Bureau Monitor (CBM) released by the National Credit Regulator (NCR) revealed that there has been an increase in the number of credit defaulters. According to the results, credit facilities over the period decreased by R1.26 mi...

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