Know your rights this Human Right’s Day: 21 March 2022

This upcoming long weekend, we encourage you to take a moment and remember why it is a long weekend in the first place. On Monday, 21 March 2022, it is Human Rights Day. This public holiday is a reminder that you do have basic human rights. These human rights apply to everyone, despite the situation and circumstances you may find yourself in.

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Want to consolidate your debt into one single repayment?

There are a few options to choose from when looking to consolidate your debt. Some people look to get a debt consolidation loan but the interest rates can be high meaning you pay off more for your debt overall. If you are already behind on your repayments you are unlikely to qualify for a loan to consolidate your debts and you may want to explore debt review.

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Debt Counselling / Debt Review - What You Need to Know

As the Covid-19 pandemic has had devastating effects on the South African economy, individuals in South Africa have likely all felt the effects of the pandemic incredibly personally. On a financial level, some South Africans have taken out loans and acquired debt that they are frankly unable to pay back. Debt counselling and the debt review process is the solution - and although it's not always smooth sailing if you don't get the right partner - it's nothing to be afraid of...

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What Does Debt Rescue Mean?

Do you have sleepless nights thinking about how much debt you are in? Wondering “how on earth am I going to pay off all of my debt?” There is an option that can help you to sleep easier at night while you become debt free! Debt rescue may be the right choice for you.

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Is debt review a good idea?

If you are struggling with paying off your debts, you may be considering debt review and may hear differing opinions on the advantages and disadvantages of debt review. Let's look at the comment opinions.

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Debt Management – What are my options?

The more money you owe, the less likely you will be able to repay your debt. The only good debt is money that you borrow in order to make more money, like an investment. Make sure your finances are organised, know who you owe money, decide which debt to pay off and put together a monthly budget.

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Save effectively to keep you debt-free

In an over-indebted country such as South Africa, learning how to save effectively can be just the secret weapon you need to stay out of debt. Yes; it is challenging having to choose between saving for an emergency and paying off debt, but it is important that you do both.

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Debt counselling explained

Debt counselling is a regulated process by the NCR. The process protects consumers from their creditors as no legal action can be taken once the proposed repayment plan has been accepted. It provides an opportunity to regain financial control to avoid future over-indebtedness and at the end of the process a clearance certificate is issued, and the credit record is cleared

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Debt Counselling - Frequently Asked Questions

What is the NCA?

National Credit Act. Act prescribing rules and regulations for the credit industry and sets the groundwork for over-indebtedness and debt counselling.

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The global pandemic has not only changed our lives as we know it, but it has drastically changed the South African economy and in turn, our finances. South Africans have had to change their way of living to suit their new financial situation. Many have been left without any income for months, and are not able to afford the things they are used to, leaving us to make tough financial decisions that will affect our lives for years to come. Here are some ways to keep your finances going in our changed world.  

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