DebtBusters’ has seen an increasing number of people under the age of 25 who are struggling with debt, with almost 30% of new DebtBusters clients under the age of 30. Many of these individuals are ‘sandwiched’ by debt taken to support parents, siblings’ educational aspirations and their own children.
Comments are closed.
More related posts
DebtBusters has reviewed the Bidvest Bank Account™ and is confident that it is an affordable option for those looking for low banking fees.
Ian Wason CEO of DebtBusters, South Africa’s largest debt counsellor, noted: “In a recent review of credit life charges by mainstream credit providers, DebtBusters uncovered some horrific practices in the marketplace. Findings indicate that although some credit providers, particularly the banks, fall below the DTI’s proposed R4.5 per R1000 of deferred amount, almost all other credit providers are charging far in excess of this, with the average ‘non-bank’ consumers paying over R12 per R1000 borrowed.”
It’s not unusual to be feeling more and more cash-strapped as the cold weather rolls in. Winter months are generally tougher as they bring added expenses. Many pray for a miracle or a bit of divine intervention just to get by each month.
Winter is just around the corner and your spending patterns usually change during the colder months. This makes sticking to your monthly budget a bit of a challenge (who can resist those warm soups in the pouring rain).