September 2015 - No More Debt

A Guide to Debt Review and How It Can Save You

Everybody runs into debt now and then; it is almost unavoidable in today’s tough downturn economy. According to the National Credit Regulator, out of the 20 million credit active consumers, there are currently over 10 million who are behind on their bond payments, car payments, school fees, credit cards, retail cards, and loans. And what’s more, out of those 10 million defaulters, over 6,5 million are currently blacklisted with South Africa’ credit bureaus! […]

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Overcome Over-Indebtedness with Debt Counsellors from No More Debt

Struggling to pay your debts and considering seeking out the assistance of debt counsellors? It has become quite clear that South Africans are sinking deeper into debt. Times are tough and everyone is feeling the pinch of our downturn economy. As the worldwide economic meltdown continues to deteriorate, it has become quite apparent that the appetite for debt among South Africans continues to grow even more. […]

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Debt Counselling – Your Key to Financial Freedom

While statistics reveal that half of South Africa’s credit active consumers are in arrears, it also reveals that many are spending up to 76% of their monthly income on their debt repayments alone. If we can learn anything from this, it is that South Africans have not only become dependent on credit to fund their lifestyles, but South Africans are living off 24% of their monthly salaries to fund their basic living expenses. If you find yourself within this statistic, then it is important to understand that things are not going to get any better, and your best way forward would be to enrol in a debt counselling programme. […]

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3 Ways to Save Your Home from Foreclosure

As the worldwide economic meltdown continues, foreclosure has become a serious issue in South Africa. According to Property 24, out of the 8 million South African homeowners who are in arrears with their bond payments of 3 months or more, it is estimated that 100 000 are likely to lose their homes within the next few months. […]

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