The cost of living in South Africa has impacted all of us. In many households, hardworking families find themselves in the unforgiving grip of rising interest rates.
At the heart of this struggle lies the relentless surge in home loan and vehicle finance repayments. With each incremental rise in interest rates, the burden grows heavier, tipping the balance of household budgets. In addition, the cost of petrol climbs steadily upward, while the price of food skyrockets, leaving families grappling with the harsh reality of a cost-of-living crisis.
It is no wonder that many find themselves teetering on the brink of financial collapse. For some, the need to turn to credit to make ends meet becomes a necessity. Groceries once bought with hard-earned cash are now charged to plastic cards, pushing families deeper into the cycle of debt.
If you are drowning in a spiral of debt and falling behind on your repayments, there is a solution – Debt Review or Debt Counselling as it is often known. Debt review isn't a sign of failure; it's a positive step towards reclaiming control of one's financial destiny.
Debt review provides a chance to restructure and consolidate debts into more manageable terms. Through careful negotiation with creditors, individuals are provided with tailored repayment plans that align with their financial circumstances. It also provides legal protection against repossession and legal action, shielding consumers from the fear and uncertainty of losing their homes or vehicles.
Despite its potential to provide relief, there remains a stigma surrounding debt review. Many view it as a last resort, a shameful admission of financial mismanagement. But this couldn't be further from the truth. Debt review is a proactive measure, a decision to confront financial challenges head-on.
There is no shame in seeking assistance when faced with adversity. It's a testament to strength and resilience. By going under debt review, individuals can take the first step towards reclaiming their financial freedom, breaking free from the shackles of debt, and paving the way for a brighter future.
At Meerkat, we have helped thousands of clients to get back on their feet. Many have now exited the programme and are finally financially free.
Why not contact us today and explore the options available to you? We’ll conduct a free financial assessment, reviewing your expenditure and identifying how best we can help.
Why Meerkat?
Meerkat has been voted as one of the Top 10 Large Debt Counsellors in South Africa!
Professional service...
"Professional service, could not have done it without their services and the emergency savings they put in place was a fantastic help to reach my debt free status🙏🏽" Z Miller (