Figures released as part of National Debt Awareness month are alarming. What can you do if you are no longer keeping your head above water?
Category - Borrowing
The National Credit Amendment Act (NCA) was signed into law in 2019. The Act included provisions for debt relief.
A landmark ruling by the High Court has found against the excessive over-charging of debt collection fees on garnishee orders.
Balloon payments are a way for consumer to buy a car they cannot really afford, and the real cost is seldom understood.
Incorrect balances and terms on home loans, personal loans and revolving credit make up a significant portion of complaints to the Ombudsman for Banking Services (OBS).
Does it make sense to take out a personal loan to settle your home loan sooner?
Whatever your feelings about Black Friday, the one thing you can’t do is ignore it.
A recent court ruling provided clarity around exactly how and when an individual may exit debt review, but there is still a lot of confusion around the debt review process.
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.
The latest Consumer Credit Market Report shows a concerning trend towards more lending happening in the unsecured space.
Clothing should never be bought on credit.
Many consumers commit themselves to debt review only to get cold feet several months later. A recent court ruling provided clarity around exactly how and when an individual may exit debt review.