Are you worried about debt trouble?

By Staff Writer

If you are worried about debt troubles you are not alone out there. Debt trouble is on the increase and has been for most of 2009. Statistics South Africa keep track of how many people are getting summoned to court over non payment of debt and how many people were then found guilty in court. The numbers are sobering. There has been an increase in both summonses and judgements.

 

 

If you are worried about your debt, perhaps you have skipped a few payments as the pressure mounts, don't feel alone, and know that there are things you can do to take control of your debt troubles. When a company summons you to court over non payment of debt it is generally an action of last resort. The companies just want their money back and understand that more and more people are becoming over indebted and getting into debt trouble due to the economy.

These companies will almost always be amenable to sorting out a restructured payment plan. If you are feeling like it is all too much for you, you can contact a debt counsellor who will be able to help you deal with your debt and negotiate restructured payment plans. Debt counsellors were set up by the National Credit Act to help people who are suffering under over indebtedness. The most important thing is not to pull an ostrich and deal with your debt trouble before it ends in court.

Recent Articles

Featured The cost of being sick in South Africa

Finding affordable healthcare in South Africa is possible, but it comes with its own challenges. Justmoney contacted 13 doctors in Cape Town to find out how much an appointment costs. We also found out how medical schemes assist with these costs, and we compared South Africa with its BRICS counterparts.

Read more

Rand 3.5% stronger – a good start to 2019

The rand has started 2019 with a bang and is 3.5% stronger against the US dollar. This is mainly the result of off-shore events, which makes this sentiment driven. And ­- as we all know - sentiment can change at the drop of a hat. 

Read more

Foreign nationals vs. Loans

It’s true, foreign nationals often struggle when living in a foreign country. From language barriers and battling unemployment, to xenophobia and struggling with financial support services.

Read more

What do doctors have to say about ‘leisure sickness’?

We got in touch with local physicians to find out what they think about leisure sickness. We had a look at the symptoms, treatment, and costs thereof, and we found out which other illnesses could display similar symptoms.

Read more

Sign Up

To our weekly newsletter for advice you can bank on

Deals

Obz Cafe Cocktail Special

Price: R55-R59
When: Tuesdays-Fridays
Where: Cape Town

Telkom January Big Deal

Price: R807 pm
When: Until 31 January
Where: Nationwide

Planet Fitness Special

Price: R199
When: Daily
Where: Nationwide