contract with your PDA
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Signed contract with your debt counsellor?

Signed contract with your debt counsellor? When beginning the debt review process many consumers will be asked to fill in a standard form called a Form 16. This form helps set out the consumers income vs expenses as well as debt obligations…
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The DCI call out banks regarding bullying tactics

The DCI call out banks regarding bullying tactics Protections under the National Credit Act (NCA) do not appear to prevent banking ‘bullies’ resorting to intimidation tactics when pursuing debtors, claims the DCI founder Debt Counsellor…
Confused consumer
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Confused consumer owes more now than four years ago

Confused consumer owes more now than four years ago This weekend Bloomberg reported on the experience of one South African Consumer’s experience with African Bank. Ntseane is a mine worker in the north of the country. Over the past few years…
debt review
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30% more debt means more calls for debt review

Though the month of January is only half way through, debt counselling firms are reporting increased numbers of applications for help with debt review in January 2013 compared to January 2012. This is no wonder as country wide indebtedness…
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Tips on Borrowing Funds

Tips for borrowing funds Before taking on debt, the Credit Ombud, Manie van Schalkwyk urges consumers to make sure they understand the true costs of borrowing and payment conditions. “You can end up paying many more times what you…
NCR Tips
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NCR Tips for borrowing wisely

NCR Tips for borrowing wisely The NCR has offered the following general tips for borrowing money: Borrow as little money as possible. Borrowing to fund your children’s education or a home loan can be a good thing, but borrowing for consumables…
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Avoid over-indebtedness

Avoid over-indebtedness The NCR have offered the following thoughts on being cautious when borrowing money: Although interest rates have come down over the past few years, an alarming number of consumers are still battling to pay off their…
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KZN 2 day workshop on Debt Counselling

NCR help KZN government host workshop on debt counselling The KwaZulu-Natal government, in partnership with the KwaZulu-Natal Financial Literacy Association (KZNFLA), the National Credit Regulator and the Justice College, have joined forces…
borrow money
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NDMA give advice on how to borrow money

The NDMA have spoken out on the subject of how to borrow money on credit: Be savvy about borrowing. With the festive season over, borrowing wisely in the months ahead can mean the difference between a prolonged debt hangover and building a…
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Ignoring the problem will not make it go away

Ignoring the problem will not make it go away According to Peter Atkinson, National Technical Portfolio Manager at the Financial Intermediaries Association of Southern African (FIA), who says those consumers who find themselves starting the…