Taking out a store card is easy as shop assistants offer them on a regular basis, especially at point of sale. But with their high interest rates are they really a good idea? What are store cards? Store cards offer you access to credit and they are offered at many of the major fashion retail […]
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The formal debt solution, debt counselling, was introduced by the National Credit Act in 2007 to assist thousands of South African consumers struggling with debt. Through this primary debt solution, debt counselling, DebtBusters aims to give these South African consumers a second chance to build a brighter financial future and obtain the financial well-being they […]
With the ever-increasing cost of living many South Africans are swimming in a pool of debt with no life-boat in sight. According to the credit bureau statistics reported for the quarter ended June 2013, the number of consumers with impaired records increased by 189,000 to 9.53 million from 9.34 million in the previous quarter. If […]
September 17, 2007 By Tonny Mafu Johannesburg – Relief is in sight for South Africa’s heavily indebted poor households. The National Credit Regulator (NCR) said last week that it had set up a fund to finance the debt counselling of low-income households with monthly earnings of less than R2 500. This comes after three months […]
Narrator (Derick Watts): A new science has been developing, which explains why many of us spend so easily and are unable to survive on our salaries. Simon Dingle works for a company that tracks our spending. Simon: You’ll go from one year to the next, and you’ll get a massive raise, for example, then you’ll […]