Many people in South Africa are still unaware of what the law says regarding ‘old’ or ‘prescribed’ debt and end up paying off the debt, even though they are no longer liable for it. At DebtBusters, we want to make sure that you stay well informed and that you know your rights when it comes to managing your ‘old’ or ‘prescribed’ debt. Prescribed debt can be your debt solution!
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Sometimes buying the cheapest services and items can actually cost you more in the long term, said First National Bank (FNB).
“There is a big difference between being financially prudent and trying to save money by taking short cuts and picking the cheapest product or service,” said Eunice Sibiya, head of consumer education at FNB.