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

26 February 2019

10 tips to pay off your debt ASAP

Anyone who has ever been in debt knows it can often feel like an endless struggle as you try and reach your goal of living debt-free. Just when you think your head is almost above water, something happens to knock you back to where you started. Our Debt Counsellors work with debt-stressed consumers every single day at DebtCare HQ, so we understand the impact bad finances have on SA families. With this in mind, our experts put together 10 tips to pay off your debt ASAP.

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31 January 2019

Still Confused About Debt Counselling? Here’s How It Works.

Debt counselling, also known as debt review, is intended to assist over-indebted consumers struggling with debt through budget advice, negotiation with credit providers for reduced payments and restructuring of debts.

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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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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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