We live in a fast-paced, continually changing world where the cost of living has become a challenge for most consumers. Let’s face it, life is nowhere near as affordable as it was a decade ago. For some, acquiring credit is no longer...
Although an individual’s credit score serves to represent their credit worthiness, many South Africans do not know their credit score, even though it can give valuable insight. Sometimes it takes applying for credit and being rejected to encourage consumers to check their...
There are many indications that point to over-indebtedness. Many South Africans with average salaries, reasonable budgets and lifestyles that wouldn’t be considered lavish are finding themselves struggling financially, and falling deep into debt. This has a lot to do with our country’s...
Debt is one of the biggest contributing factors to financial worries, and can cause individuals to lose control and their sense of self. South African consumers are faced with inflation rates that are at an all time high, interest rates that keep...
Having a large amount of debt in your name brings with it a certain amount of stress. You alone are responsible for the debt repayments you’ve committed to, and you also stand to face the consequences that come with being a bad...
South African consumers are reeling once more, as the Reserve Bank has again hiked the repurchase rate by 50 basis points, regardless of the country’s slow economic growth. This increase came into effect 31st March 2023, and our Debtco Group Debt Counselling...
While no one likes to admit that they are struggling with debt, many of us have been there, or know someone who is going through it. At Debtco Group, our team have a world of knowledge when it comes to debt related...
Dealing with the constant strain of having too much debt is not easy. Your financial circumstances play a huge role in your quality of life, and can have a massive impact on your mental and physical wellbeing. At Debtco Group, our team...
The most recent National Budget Speech, by Finance Minister Enoch Godongwana, addressed important topics and shared a budget that was better than we could have foreseen. When compared to the outlook of the South African Reserve Bank (SARB), some considered it slightly...