Latest articles

Welcome to our blog! Here you’ll find helpful advice and useful tips to improve your financial situation.

Explore:

Categories
Keeping your finances private from your employer is fair, but what if you are struggling to meet your debt obligations and you have subsequently signed up for debt counselling? Do they have a right to know? While you may not appreciate the answer, your employer needs to be made aware of your situation.  When seeking...
Will you go to jail for not paying your debt? Can your creditors take your car or home? These questions can keep you up at night, adding to the financial stress you already have. We have the answers to the common debt questions many consumers are afraid to ask. 1. Can you go to jail...
If you are in debt, you may have heard the term “debt settlement” being proposed as an option to help you clear your debt quicker and avoid the ongoing interest and fee charges. If you are unfamiliar with the debt settlement process, you may be unsure as to how this works and how it can...
Debt counselling is a formal and highly regulated debt management solution offered to those who are over-indebted to assist them with paying off their outstanding debt, while freeing up cash flow and providing them with legal protection. But is this solution available to you if you are unemployed? While DebtBusters is committed to assisting all...
Being in a position where you are struggling with debt is already stressful. Now add the fear of losing an asset like your vehicle due to non-payment, and it is a recipe for financial disaster. But what if you have already enlisted the help of a debt solution such as debt counselling – do you...
Being over-indebted has a negative impact on your personal finances. It reduces your credit score, absorbs your disposable income, and prevents you from building your savings. Added to this, it also has an impact on your emotional well-being. Being over-indebted can contribute to a string of psychological issues, such as anxiety, loneliness, and depression. It...
Whether they are aware of it or not, some consumers face various emotional stages in the process of becoming over-indebted. While consumers may not experience all of these stages, which don’t always follow in chronological order, it is important to be aware of these stages in order to take action and avoid financial devastation further...
If you have been struggling to pay off a certain debt, the question of how long before the debt could be written off may have crossed your mind. According to experts, the answer lies in whether this is considered prescribed debt or not. There are also different time specifications for different loan types. Prescribed debt...
Many people who are not familiar with the debt counselling process do not see how they are able to commit to a debt restructuring programme, pay monthly fees to the debt counselling company for the ongoing service, and still save money and come out debt free at the end of it. Well, the answer is...
Now that the South African Government has announced its 2019 budget, the tone has been set for us as the consumer to insure we plan better regarding our personal finances and make better financial decisions. Perhaps this could also be a new chapter for us to achieve financial freedom. There is no clear cut, one-stop...
You have reached the point in your romantic relationship where you are ready to pop the big question and put an engagement ring on your partner’s finger. But rings come in all shapes and sizes – and most importantly – in different price ranges. How much can you expect to spend? While the natural inclination...
In recent years the number of informal lending schemes in South Africa has grown significantly as people continue to look for new ways to access more money. But is this a reliable and safe way to take out a loan? The term ‘informal lending’ is typically used to describe lending schemes or practices that are...