In South Africa, we have a poor savings culture, which will mean we will have to work for longer or retire poor, as we are living longer. Households that are considered affluent but certainly not rich are paying higher tax contributions and possible wages freezes and below inflation rises have left previously financially comfortable families […]
27 November 2012
What is the difference between being under ‘debt review’ and being ‘under debt counselling’? How does each affect an application for a second bond?
Basically they are the same with the debt counselling coming from the debt counsellor and if the consumer qualifies then they are put under debt review. Therefore both will mean you cannot take out any further credit.