Have you heard about the interest rate change coming on the 19th of September? The repo rate is expected to drop 25 (maybe 50) points this coming September. This is because of the strength of the Rand and rumours that the US...
If you’ve considered the disadvantages of debt counselling, you’ve probably wondered what its drawbacks are. Truth be told, debt counselling has its disadvantages, just as any other debt help system does. For instance, you can’t apply for credit because of reckless lending...
Paying off with no money can seem like an insurmountable task. You need money to pay off debt, but with South Africa’s newly announced 33.5% unemployment rate for the second quarter of 2024, paying off debt can seem like climbing Everest. Job...
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....
Playing Sonic the Hedgehog when paying off debt isn’t the best way to bump up your credit score. Why? When you pay off debt, you undiversfy your credit mix and could lose the long-standing histories you have with credit providers. Credit mix...
Have you ever wondered what the difference between debt review and administration orders is? Knowing the difference between debt review and admin orders is important for distinguishing the consequences of each and how they could affect your life. The difference between admin and...
If you’ve thought about debt review in South Africa, you’ve probably wondered what it’s like. After all, its a good 3 to 5 years of getting to be debt-free. The truth is, it’s whatever you make it. The debt review process can...
If you’re under debt review and money is getting tight, you may wonder whether you can pawn your car. The answer is yes, you can pawn your car, but we strongly advise against it. It can have treacherous consequences on your standing...
If you Google debt management, debt counselling, debt help system, or debt review, a plethora of results will pop up. As it stands, there are 933,000,000; 80,900,000; 724,000,000 and 844,000,000 for those search terms respectively. So, how does one decide between debt management...