Debt counselling, do you need it?

By Staff Writer

What price salvation?

By Iona Minton

From iAfrica.com

Sky-high interest rates and a few more hikes on the horizon are leading an increasing number of people to seek the advice of debt-counsellors. Many hope the counsellor will wave a magic wand and turn their hefty payments into a thing of the past. This is, however, not the case as the review process does not make debt disappear, but merely extends the period over which it is paid.

Justmoney.co.za says:

The increase was not as bad as expected, but already analysts are warning that another hike is on the cards. Uncle Tito has given us a smidgen of breathing space and a deep collective breath should be taken. While you can still breathe consolidate your debt, compare your credit card companies and work out if you need debt counselling.

Recent Articles

Featured Can your workplace offer you financial assistance?

People facing financial difficulties may turn to their company for assistance. We consider how companies can assist and how employees can access this.

Changing from one medical scheme to another - effortlessly

It’s important to regularly assess your insurances to ensure they offer the best value for money, and are the best fit for your current needs.

The ultimate guide to understanding your credit score

Your credit score has an impact on your financial wellbeing. We answer pressing questions in this easy-to-understand guide.


Latest Guide

Guide to debt rehabilitation solutions