Sometimes, the line between good and bad debt can be blurry. A house can seem like a great investment. After all, it’s an appreciating asset; however, what do you do when your bond repayments become the bane of your existence and you...
Debt is a force rife in the lives of many South Africans. Too many of us spend a too large portion of our income on paying off debts, struggling to meet minimum payment obligations and essential living expenses like groceries, petrol, insurance,...
Have you ever wondered how your loan repayments are worked out? To work out loan repayments, your loan amount is divided by your loan term (usually months) to get a monthly payment. Then, an interest that the bank calculates based on your...
Have you ever heard of debt review status codes? These are codes inputted into the debt help system that reflects where you are in the debt review process. They help creditors, bureaus, and consumers understand where they are in the debt review...
On the 19th of September, the Reserve Bank unanimously voted that the repo rate should drop by 25 points to stimulate economic activity– just as Debtco Group wrote they would in the post “What to Expect with the Interest Rate Change on...
Have you thought about debt review and wondered whether you qualify as a valid candidate? It can be difficult to ascertain whether you need debt review, especially during a torrential financial and emotional storm. Sometimes, despite trying our very best, we find...
Have you thought about what outstanding payments can be placed under debt review? The truth is, almost any payment can be placed under debt review, from credit card debt to car payments. The only debt that can’t be placed under debt review...
With the cost of living crisis, inflation (rising food, oil, and gas prices), and a growing culture of overspending on luxuries, it’s no wonder that households are falling behind on debt repayments. The repo rate has steadily climbed since COVID in an...
Braai Day is coming up, and for some of us, budgets can stand in the way of having a good time. But guess what? It doesn’t have to! Debtco Group has put together ways you can still have a lekke braai day,...