With consumers under pressure as debt applications hit a record high, the need for debt review has never been more urgent. Many South Africans are turning to this debt relief programme to regain control of their finances. As professional debt counsellors, our...
Starting debt review can feel overwhelming, but knowing what to expect during your first 6 months can help ease your mind. It helps to approach your journey through debt review with an open mind and a positive outlook – after all, you’re...
The start of May usually brings about colder weather in South Africa, but this year brought with it an additional chill — not from the skies, but from the finance minister’s desk. We braced for the seasonal drop in temperature, and were...
If you’re under debt review and in a tricky financial position, you might have considered a loan under debt review. Loans under debt review are illegal. The NCA (National Credit Act) clearly sets out the conditions under which you may and may not...
The recent 25 basis point cut has given way to an opportunity for debtors to pay less on their debt, mitigating the large personal loan and mortgage interest rates of today. The prime lending rate dropped to 11%. This cut could not...
Debtco Group wishes you an amazing festive season! We hope you have a fun, relaxed December surrounded by family and friends enjoying your time off work, eating delicious food, and spending quality time together. Moreover, we wish you a restful Christmas and...
Can you sell a car that forms part of your debt review agreement? Yes! Selling your car during debt review is a great way to make money off of your car and pay off your debt review balance in a shorter period....
We’ve all had to learn to manage money the hard way, whether from overspending, underbudgeting, or taking advantage of credit when we shouldn’t have. Financial regret and buyer’s remorse are something every human on the planet has had to deal with. Debtco Group...
The 50-30-20 budgeting framework is an important budgeting tool that can help you effectively manage your personal finances and draw up a budget. It works on the premise of spending 50% on living expenses, 30% on discretionary income, and 20% on savings....