The Old Mutual Savings and Investment Monitor found that many breadwinners see debt as unavoidable and this perception is reinforced by rising expenses like transport, food and electricity.
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 debt solutions.
When you apply for a loan, your prospective creditor will assess whether you can afford the monthly repayments. But what do creditors actually consider on your credit report, and what most interests them?
When you’re in a pinch and you need to borrow money, you may reach out to a creditor for a personal loan. The upside of this kind of loan is that you can spend the money on anything you choose. However, just because you can use it for anything, does not mean you should.
Debt can get out of hand if it’s not managed properly. That is why it’s important to be realistic about your budget and consider affordability before you take a loan. However, if your debt still gets out of hand, there are ways you can rein it in again.
Price: Available on request
When: 01-30 April 2021
Where: Cape Town
Price: R990
When: Until 31 August 2021
Where: Cape Town
Price: Available on request
When: Until 30 April 2021
Where: Cape Town