The South African Banking Risk Information Centre (SABRIC) has warned consumers to be careful of false promises from Debt Counsellors who may be abusing their profession and the debt review process. Luke Hirst, MD of Debt experts DebtBusters, says ‘Yes, I agree that some debt counsellors are not offering clients the full information upfront and […]
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The 2015 Debt Review Awards are around the corner! Voted as the industries ‘Best Debt Counsellor’ for 2014, DebtBusters needs your help! Click here to vote for your ‘favourite Debt Counsellor’ – ‘DebtBusters’ AND/OR SMS the words “DRA DC DebtBusters” to “32541”. Struggling to vote online? Follow these instructions: 1. Go to http://debtreviewawards.co.za/public-voting/vote-online-dc/ 2. Select […]
From Business Day by Michael Bleby NATIONAL Credit Regulator Gabriel Davel warned yesterday that SA’s highest earners would be harder hit than middle- income earners as interest rate rises squeezed their ability to pay. Releasing lending data from credit bureaus for the first time, Davel said that while the middle-income market (people earning between R3500 […]
In the run up to Halloween you are probably thinking more about what costume to wear to that fancy dress party you’ve been invited to and focusing less on your money troubles. However, between now and the end of the festive season you should be more vigilant about what you do with your money than […]
The festive season is the time of year when expenses spike as a result of holiday festivities. Excessive spending on gifts and festive food coupled with pressure to participate in social gatherings can put you into a very difficult financial situation. If you’re currently signed up for Debt counselling this can be the toughest and most frustrating time of the year for you.