Getting out of debt is possible, says Fin24 user Khuselwa, who is living proof that it is possible to escape from the debt trap. He tells his story:
Last year while surfing the internet I came accross the Debt Issue, Money Clinic and the Savings Issue. I read the articles and i was motivated to stop defaulting on my debt payments.
I built up the courage to request my credit report from all four credit bureaus and studied them. I disputed information I wasn't happy with, and all cases were ruled in my favour. The remaining debt was R39 000. I contacted the creditors and made payment arrangements.