Expert Advice - DebtCare Website

Expert advice for every aspect of debt Speak To An Expert

Money doesn’t only affect your bank balance.

Unfortunately, it can cause many problems in your life as well as your family’s lives. With the right advice, these problems can be avoided or controlled to minimise its impact. We’ve asked the top legal, financial and emotional counsellors to share their expert advice on dealing with debt-related problems in your life.

Stress advice blog and articles

16 January 2019

Eight steps to beat Janu-worry.

There’s no doubt that the vast majority of us made some kind of New Year’s resolution about our finances – save more, spend less, don’t default on debt repayments, pay off debts quicker, the list goes on. How is that resolution doing two weeks into January? If financial headlines are anything to go by it’s going to be another tough year for South African consumers. Looming electricity tariff hikes, a climbing unemployment rate of almost 30%, and consumer debt sitting at R1,73-trillion according to the reserve bank. It makes it difficult to remain positive about your finances!

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How to save money in 2018
30 October 2018

Tips on making a holiday budget

The holidays can be a lot of fun and they can also be very stressful for those who already struggle with debt. It is the season of giving, which often means it is also the season of spending. Two of the best things you can do to help make the holidays a lot less stressful is to talk to a debt counsellor about your finances before the silly season starts and to create and stick to a holiday budget. Creating a holiday spending plan and having someone to advise on your financial situation will alleviate your stress and make sure you don’t […]

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4 October 2018

How far will R100 of fuel take you?

While the rest of the world cuts down on drinking for Sober October, it looks like South Africans are going to need to cut down on daily fuel usage. Wednesday’s petrol increase brings the petrol price up by nearly R4 across the board this year alone and experts say that we could be looking at R18 a litre by the end of the year.

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Debt advice blog and articles

6 August 2018

NCR Send Out Renewal Certificates

The National Credit Regulator (NCR) register and monitor registrants under the National Credit Act such as Debt Counsellors and Credit Providers. They also issue certificates to show consumers that the person or company they are dealing with is registered with them and thus offering debt review legally. The NCR recently began issuing Debt Counsellors with annual renewal certificates when they pay their annual fees to remain registered. There are less registered Debt Counsellors these days than ever before as the NCR has been lapsing and deregistering hundreds of Debt Counsellors over the last 2 years. This means that consumers have a lot less […]

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6 August 2018

Reducing Interest Rates While In Debt Review

When a consumer enters debt review their Debt Counsellor will contact all their credit providers and get all their latest figures on their various accounts together. Armed with this information, they can look at different ways for the consumer to repay the debt. Once the Debt Counsellor has helped work out a new monthly budget with the consumer (which takes into account monthly saving towards annual expenses) they will know how much money is available to repay debt. When The Matter Goes To Court A Debt Counsellor can then make a recommendation to the court on how the debt can be settled […]

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What does Junk Status mean?
10 April 2017

What exactly does Junk Status mean?

It’s been on everyone’s lips for the last two weeks – Junk Status. After a less-than-surprising sacking of former finance ministers Gordhan last week, both the Rand and ratings agency S&P Global Ratings reacted almost immediately.

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