Don't ignore your debt

accreditation
Johannesburg - Falling into the debt trap is quite easy so consumers should be proactive and weigh their options, says DCM group marketing director Anjela da Silva.

She cautioned against taking out extra loans or simply ignoring the problem.

"This is something that you really should not do. Bear in mind that you are not alone."

Da Silva said that there are more than 9 million South Africans who are in arrears with their accounts.

She said the tough economic climate, coupled with modern lifestyles or even experiencing death or divorce can lead people into the debt trap.

Listen to what options are available for consumers:



 - Fin24

We live in a world where facts and fiction get blurred
In times of uncertainty you need journalism you can trust. For only R75 per month, you have access to a world of in-depth analyses, investigative journalism, top opinions and a range of features. Journalism strengthens democracy. Invest in the future today.
Subscribe to News24
Rand - Dollar
15.13
+0.7%
Rand - Pound
20.51
+1.0%
Rand - Euro
17.15
+0.5%
Rand - Aus dollar
10.89
+1.1%
Rand - Yen
0.13
+0.5%
Gold
1,834.01
-0.3%
Silver
24.42
-0.3%
Palladium
2,068.00
+0.1%
Platinum
1,041.50
-0.1%
Brent Crude
88.38
-0.1%
Top 40
68,454
-1.6%
All Share
75,140
-1.4%
Resource 10
75,011
-2.8%
Industrial 25
94,704
-1.2%
Financial 15
15,155
+0.3%
All JSE data delayed by at least 15 minutes Iress logo
Company Snapshot