Stress Advice

Without fail there is a kind of madness that grips consumers all across the globe during the festive season every single year – the need to shop. The reality of debt is drowned out by fantastical advertising and mega deals and soon we find ourselves spending money we don’t have. According to statistics, South Africans […]

Silly season is here. This time of year should be filled with jolliness and joy but for many with debt, it’s a particularly stressful time of year. Bad financial habits are tought to break, but with a little guidance you can end the year on a positive note. Have a look at the list below

If you want to know the frustrations associated with being in debt, ask 27-year-old Muzi Mehlala (not his real name). He is over-indebted, despite the fact that he has been working for a financial administrator for the past seven years. His salary has increased a couple of times, but he says it still doesn’t allow

According to the latest statistics from the Reserve Bank, the real disposable income of South African households shrank by 49.7% in the second quarter of 2020. Less income means less spending, so it comes as no surprise that household consumption also dropped by 49.8% in the second quarter of 2020. With less income and less

The National Credit Regulator (NCR) on Tuesday urged consumers to consider debt counselling as a way of defeating debt. “Loss of employment, salary cuts, medical bills, rising fuel prices, food and cost of living in general and overspending are some of the reasons consumers end up being over-indebted,” said the regulator.

Payday. Your bank account is full. You finally have money to restock your fridge, buy the shoes you’ve been eyeing, or treat yourself to dinner at the new restaurant in town. Then your account gets debited, you find yourself spending a bit too much, running out of money and worrying later in the month how you’re

If you are struggling to manage your budget, it may give you some comfort to know you are not alone. A higher number of South Africans using credit are defaulting on their credit cards, personal loans, vehicle finance and home loan agreements for the first time, data from one of the country’s top consumer credit

The National Credit Regulator (NCR) has once again urged South Africans struggling to keep up with financial obligations to consider Debt Counselling. With the huge cost of payment holidays now hitting home and the effects of COVID-19 wreaking havoc on the South African economy, the future is uncertain for those who are already in financial

A major finding in a new analysis of FNB retail banking, says South Africa’s middle-income consumers (people who earn between R7,000 and R60,000 per month) spend an average of 25% of their take-home monthly income to pay interest accumulated on debt.

We’ve always been positive about the future of our country, but ten days of load shedding really took a toll on our positivity. This is mainly due to the fact that we are now seeing more people approach DebtCare for Debt Counselling either because they’ve been let go from their job or because entire businesses are shutting