DebtBusters has reviewed the Bidvest Bank Account™ and is confident that it is an affordable option for those looking for low banking fees.
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“Unsecured lending” by definition includes loans for which the lender holds no security by pledge or personal security. The National Credit Regulator has reported growth in unsecured lending from R40bn in 2008 to R172bn in 2014. The vast amount of money lent combined with the ramifications of reckless lending sees many South Africans burdened with over-indebtedness.
Ian Wason, Chief Executive of Debtbusters says credit providers are beginning to invest in debt counselling systems to improve their debt counselling processes. “This is testament to the fact that they are beginning to see the benefits of debt counselling, not only as a viable way to get money back from defaulting customers, but also as a strategy for retaining customers in the long-run,” says Wason.
InsuranceBusters, DebtBusters sister company, work together on a continuous basis to serve South African consumers struggling with debt. After receiving exceptional service from DebtBusters and InsuranceBusters, Antoinette, a valued customer wrote into DebtBusters to tell us her success story: I’m 35 divorced mom with 2 daughters. My ex-fiancé left me with a lot of debts […]
Read the following article on DebtBusters that featured on www.fin24.com. Johannesburg – The average age of consumers falling into debt has fallen from 42 to 34 in the last five years, a debt management company said on Wednesday. “This latest data is by far the most worrying, as it shows that it is the younger […]