Life before debt review posed many challenges to overindebted consumers. Before 2005 (when the National Credit Act was introduced as a debt relief system), the legal debt relief available was limited and had many disadvantages. The rise of debt counselling in South...
The fear of losing valued assets due to unpaid debts can be emotionally draining. Financial stress is a reality for many South African consumers, often driven by rising living costs, debt issues, and unexpected expenses. Many individuals rely on loans to cover...
Something to keep in mind about Debt Review is that it’s not a one-size-fits-all solution. What you’ll pay each month depends entirely on your situation—things like your income, your essential living expenses, and how much debt you have. Since the purpose of...
Debt Counselling is a recognised, legal, and transparent debt relief programme that helps countless South Africans overcome their debt problems. But what if you find yourself in a situation where you want to cancel your Debt Review? Knowing what this entails is...
The world watched closely as President Cyril Ramaphosa met with US President Donald Trump in The White House on Wednesday, May 21, 2025. This meeting was a crucial step for South Africa, aimed at securing the future of vital trade agreements such...
Debt is an explosive force that can wreck your financial life. One minute you’re pleased you’ve qualified for a credit card, the next you’re R100,000 deep in debt with no visible way out. Loans, credit cards, store cards, and advances all add...
The two-pot pension system was introduced by the South African government in 2024. This reform is meant to help struggling retirement fund members by enabling them to make partial withdrawals from their retirement funds before they retire. Essentially, retirement contributions are divided...
Managing a tight budget is already a challenge, but when combined with debt, it can make your monthly finances feel even more overwhelming. You can overcome debt problems through Debt Review by carefully budgeting and planning. Let us look at becoming debt...
What happens with debt review after you’ve lost your job or have had a pay cut? Income is a prerequisite of debt review, as you have to make repayments to a payment distribution agency (PDA) to pay off your debts. As if...