“The latest interest rate cut is a movement in the right direction, but at least 80% of our clients will not see any tangible impact from this. They would still be over-indebted if interest rates halved from their current levels” says Luke Hirst, MD of South Africa’s largest Counsellor DebtBusters. As a registered debt counsellor, […]
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It is no secret that as South Africans we are facing tough times. Because of this many people have become dependent on unsecured debt and more specifically ‘pay day’ type loans to get by. You may be one of many that are ‘sandwiched’ by debt, because you have to support not only yourself and your children, but also your parents. It is important that you understand that you are not alone. There are a number of social and economic factors that are contributing to the financial pressure that you and many other South Africans are feeling.
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