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NCR website – debt counsellor details: are they reliable?

The NCR (National Credit Regulator) have a website which has a search function to help consumers find a debt counsellor in their area. Unfortunately not all the names and details shown on that list are accurate. The DCI have conducted monthly calls to debt counsellors countrywide and have gathered more accurate statistics. Deborah Solomon (the […]

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What is Debt Consolidation?

Debt consolidation entails taking out one loan to pay off many others. This is often done to secure a lower interest rate, secure a fixed interest rate or for the convenience of servicing only one loan. Debt consolidation can simply be from a number of unsecured loans into another unsecured loan, but more often it […]


Is it raining debt? Get out of debt fast

Is it raining debt? Get out of debt fast There is a saying that goes: A bank is a place where they lend you an umbrella in fine weather, and ask for it back again when it starts to rain. With today’s high living costs and fluctuating economy many of us are standing in the […]


Debt Counselling Scams

Debt Counselling Scams: how to choose a reliable debt advisor Too many South Africans are buckling under the weight of debt. On a daily basis, they are faced with high levels of stress and feelings of despair, because they cannot seem to escape the debt cycle despite their best efforts. Unfortunately, where there is human […]


Become debt-free by avoiding the causes

Become debt-free by avoiding the causes Many South Africans buckling under the heavy weight of debt describe a sudden, ‘overnight’ realisation of the size of their financial dilemma. The gradual build up to a financial meltdown seems to go unnoticed until one day, often in a person’s mid- to late twenties, when he/she makes an […]


Emergency fund: how to start one?

Emergency fund: how to start one? Why is an emergency fund so crucial to your financial health? It will decrease your debt. In times of emergency, people with no emergency fund usually turn to the faithful credit card: this means your debt repayment will most likely be the first thing to suffer, digging you even […]


Money mistakes during different life stages

Money mistakes during different life stages NCR help KZN government host workshop on debt counselling The KwaZulu-Natal government, in partnership with the KwaZulu-Natal Financial Literacy Association (KZNFLA), South Africa’s number of over-indebted consumers is worryingly high. People are guilty of general financial mistakes, for example not applying self-discipline and splurging on unnecessary items, not saving, […]