Don't bank on relief from Mboweni - debt expert

2019-02-19 22:15

Cash-strapped SA households, facing increased levels of debt, should not bank on the minister of finance to provide much relief in his budget speech, says a debt expert.

Debt hitting SA's single women harder

2018-08-13 19:23

SA's single women are struggling more with their debt than their single male counterparts, suggests data from DebtBusters.

Video
South Africans are the most indebted people in the world - debt expert

According to a World Bank report, South Africa is the most indebted country in the world. DebtBusters CEO Ian Wason shares some of the worrying figures. Watch.

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3 steps to get out of debt

2016-04-26 17:24

The latest quarterly reports released by the National Credit Regulator (NCR) show South African’s are still over-burdened by personal debt issues.

The price to pay for love

2016-02-11 15:07

Valentine’s Day may be about chocolates and flowers, but one has to wonder how many couples can afford the costs associated with love, cautions a debt expert.

Beware of unintended consequences of fees, rates cap

2015-11-17 06:33

Regulations limiting fees and interest rates in the unsecured lending space may have unintended consequences which will affect both lenders and consumers.

'Payday' loans taking toll on consumers

2014-05-01 08:18

Before signing up for debt counselling, consumers often spend more than 100% of their net income servicing their debt, says an expert.

Concern over Capitec amid debt spiral

2013-05-26 15:30

Capitec's move to grant large unsecured loans over longer periods amid consumers' spiralling financial woes does not bode well, a report states.

 

4 ways to stay out of debt this festive season to avoid the money blues

2018-12-12 17:28

Although there is usually a spike in debt assistance enquiries after the festive season, that spike has come earlier this year, warns a debt expert.

Video
WATCH: How debt counselling works, and what you save

Statistics from the National Credit Regulator show that up to 10 million South Africans are severely in arrears on their debt. DebtBusters CEO Ian Wason explains how debt counselling works, and how customers can benefit from it. Watch.

0 comments1385 Views

Brexit 'perfect storm' for indebted SA consumers - experts

2016-06-24 18:54

Brexit does not bode well for consumers already heavily in debt and SA is on the eve of a perfect storm, especially the poorest of the poor, says a debt expert.

Rate increase, April price hikes fuel debt time bomb - expert

2016-03-17 20:05

The Sarb's latest hike in the repo rate by 25 basis points to 7% will blow everyone’s budgets, warns a debt expert.

4 reasons consumers will face debt crisis in 2016

2015-12-21 12:55

Several forces are creating the “perfect financial storm” to lead many more South Africans towards cash flow shortages in 2016, warns a debt expert.

Checking your credit record

2015-02-12 17:10

A Fin24 user wants to know how she can find out what is on her credit record.

Explosion in unsecured credit

2014-04-28 16:00

The explosion of unsecured credit in the last four years should be considered a systemic risk, warns an expert.

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