You are Here > Home > Podcasts > Listen: Pros and cons of debt counselling

Listen: Pros and cons of debt counselling

Feb 5, 2021

For many people COVID has had a major financial impact and some may be considering entering debt review. In this podcast Maya (@mayaonmoney) speaks to David O’Brien of debt counselling firm Meerkat to explain how debt counselling works and how to choose a good debt counsellor – because there are a lot of bad apples out there.

They also discuss what to do if you are already in debt review and want to get out.

6 Comments

  1. Please could you assist me with some reliable debt companies

    Reply
  2. I want to get out of debt review.Please assist with a way to exit debt review please.

    Reply
    • Hi Maya we need advice. We been under debt review since 2013 at the moment we only have our bond and vehicle. Can we request our debt councellor for a clearance certificate or only when we have our bond to pay.

      Reply
      • In some cases you can come to an arrangement on the vehicle – your debt counsellor should be able to provide some information around that

        Reply

Submit a Comment

Your email address will not be published. Required fields are marked *

Maya Fisher-French author of Money Questions Answered

Previous Articles

Listen: Why institutions are taking bitcoin seriously

If you want to understand bitcoin, blockchain and the related crypto-asset world, listen as Chris Becker, blockchain technologies specialist at Investec Private Bank, unpacks the world of blockchain technologies and explains why we are just at the start of a...

Listen: Tax tips for freelancers and side hustlers

Tax is one of the most important money matters, especially when you work for yourself or have a side hustle that earns you some extra cash. Navigating the tax maze when you don’t just have an IRP5 from an employer can be quite challenging. In this podcast, Maya...

Listen: Investigating crypto scams

In this My Money, My Lifestyle podcast we delve into the world of crypto scams which seem to be mushrooming everywhere, despite repeated warnings from our authorities. How do these crypto scams work? How do people get lured into parting with their hard-earned cash?...

Listen: Talking to your children about money

How do you teach your children to manage money? It starts at home, says 13-year-old Alidzulwi Tshikosi, author of Not being authentic can be costly - a warning tale of a young man who uses credit to live beyond his means and which ultimately destroys his...

Don’t ignore your credit providers

The Credit Ombud wants to remind consumers that there are ways to ease the woes that come with being unemployed while having debt, and you shouldn’t just ignore your credit providers. If you’ve just lost your job or have had your salary reduced due to the Covid-19...

Listen: How to select the right ETF in this crazy market

In this podcast, @Satrix_SA Chief Investment Officer, Kingsley Williams joins Maya Fisher-French (@mayaonmoney) to provide some guidelines around selecting the right ETF for your needs. He also gives us some perspective on the investment landscape for 2021. How do we...

The best way to settle your car finance

Advance payments on car finance do not work the same as on your home loan, so it’s worth understanding how to make the most of it. Any debt that you pay off sooner than required will save you money on interest. However, you need to understand how advance payments work...

Listen: How to negotiate your retrenchment package

In this podcast, Maya (@mayaonmoney) speaks to labour lawyer Michael Bagraims about your rights when it comes to voluntary retrenchment – the benefits you receive, and what rights you give up. If you are being offered voluntary retrenchment, listen to this first.

Listen: What you need to know about car finance

How does a balloon payment work? What questions should I ask my dealer? Can I settle my car finance early and what happens if I want to give my car back? Maya (@mayaonmoney) chats to vehicle financing expert Henry Botha of Absa Vehicle and Asset finance to answer...

Video: Loan scams

There has been an increase in loan scams as people become financially desperate and see a cheap loan as a way out of a financial crisis. My own inbox is flooded each day with emails from companies claiming to offer really cheap loans. Many of these emails use the...

Pin It on Pinterest

Share This