Latest articles

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

Explore:

Categories

Category: Debt Counselling
← Back to all articles

Many people are trying their best to lead a debt-free life. Even though it has its perks, incurring debt can also be a good thing. You just need to differentiate between good debt and bad debt. In short, good debt helps you generate income and bad debt doesn’t. Below are examples of good and bad...
People move in and out of the country for different reasons. In many cases these people carry more than their luggage with them, they carry their debt, and some of them are under debt counselling. This is usually a cause for concern for these individuals as they don’t know how their migration will affect their...
Contrary to the stigma that consumers are indebted as a result of reckless spending or borrowing, most consumers who approach DebtBusters for assistance do so as a result of unforeseen circumstances. Many young people set huge expectations for themselves even before they’ve entered the ‘real world’. There is often a set idea of what success...
Entering the debt counselling process can be overwhelming. You may have questions about how this will affect your credit score, how long the process is, and how much this will cost you. But if you’re partnered with a responsible and trusted debt counselling company you will be guaranteed peace of mind. When selecting a debt...
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...
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...
Let’s face it, life can be expensive. You can go from being on top of your finances to drowning in debt very quickly – whether it be due to unforeseen medical expenses, a terrible car accident, loss of income, or simply not being able to keep up with day to day expenses. For this reason,...
Many people in South Africa try to solve their debt problems with more debt. It is a common misconception that if you cannot afford to pay off a loan, the solution is to take out another loan to cover it. This, however, will lead you to an even worse off financial situation, as the more...
Many South Africans are struggling to meet their monthly debt obligations because of various factors, including the ever-increasing standard of living. Sadly, some don’t even know that help is within their reach. In 2007, the government introduced a programme called debt counselling to assist such consumers. What is debt counselling? Debt counselling is a debt...
Everyone would love to start their marriage on a clean slate. But we all have burdens from our past, and sometimes these burdens are financial. So what does it mean for your future if your new spouse is overindebted? Will you be liable for their debt? Depending on the type of marriage contract you and...
So, you’ve reached the end of the debt counselling journey – a fantastic achievement. Like many who have been part of the programme, you are probably wondering what’s next and how your life is going to change after the programme. Here is what you should expect: Once all the necessary paid up letters from your...