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Is your debt keeping you up at night?  Are you missing payments and unable to pay for your necessities because you have too much debt? It’s time to find ways to help you free up some cash for your day-to-day...
Many people don’t pay their debt with the hope that it will be prescribed, and they’ll no longer be under any obligation to pay it. However, waiting for your debt to prescribe reflects badly on you....
Achieving the Clearance Certificate is the ultimate goal when you join the debt counselling process. This certificate means that you’ve settled all the accounts that were listed in your debt counselling...
In trying to cope with the difficult times, you might have considered deferring your debt payments to a later period. Yes, this will give you some breathing space, but are payment holidays really to your...
When a country has been downgraded to junk status, it means that the rating agencies believe that it won’t be able to meet its debt obligations. This increases the country’s borrowing cost because...
With the country experiencing recession, prices going up, and now the Covid-19 pandemic, consumers are experiencing financial hardships. This is even more true for consumers who are already drowning in...
There’s nowhere to hide when creditors hunt you down to settle your debt. From incessant phone calls, to letters piling up in your mailbox, they will stop at nothing until you pay. Thankfully, you don’t...
Some people try everything possible to stay clear of debt because of the risks that are associated with it. However, not all debt is bad. Debt can also be good. Financial advisers agree that if your debt...
Debt counselling is a debt-relief programme designed to assist people who are over-indebted or struggling to pay their debt instalments. However, not many people are taking advantage of this programme...
According to the National Credit Act (NCA), if you’ve defaulted on your debt repayments, the credit provider has the responsibility to give you a notice in writing before legal action is taken against...
Many people get scammed by dodgy debt counsellors who look out for their own interest only. In the process, people lose their hard-earned money and remain in debt. But you can avoid this situation by asking...
The change in the repo rate could have a significant impact on the interest rate attached to your loans. However, this will depend on the type of interest rate you chose when you took out the loan. The...