I recently undertook an exercise to see how much my monthly bills had gone up over the last few years and was shocked to discover that our household was spending nearly double on groceries than we had four years ago. At first I was in denial – I...
Recently I had two very disturbing conversations about the world of debt. The first was a conversation with someone from the Credit Ombud about how debt administrators and debt collectors farm debtors’ books. Although this practice is less...
If you can prove that you are able to start making regular payments, you can request to end your debt review. When Joseph Masemola's debt began to spin out of control in 2010, he applied for debt review via a debt counsellor. Since then, he has...
Borrowers are invoking their rights against unscrupulous lenders and debt counsellors. A greater awareness by consumers around their rights when it comes to borrowing money has led to an increase in complaints related to non-bank credit...
The 27th of April is Freedom Day in South Africa, marking the annual celebration of South Africa's first non-racial democratic elections in 1994. Since political freedom, South Africans have striven to correct the wrongs of the past. South Africa...
Without a proper record of credit, can a provider be responsible for reckless lending asks Maya Fisher-French How does someone get into the position where their debt levels reach 217% of their income and who is responsible? While a desperate...
We are starting to see cases of reckless lending being brought before the courts, but the process will remain slow unless the National Credit Regulator provides support Despite many court rulings charging credit providers with reckless lending, the...
