Debt Review and Job Loss: Strategies to Overcome Unemployment
Experiencing unemployment while undergoing debt review can be stressful, but you can maintain financial stability and relief during difficult times with the right strategies to overcome unemployment. We’ve gone through some of the best practical steps to help you navigate this period, below: Communicate with Your Debt Counsellor If you lose your job while under […]
Family Budgeting Tips: Keeping Finances Balanced and Stress-Free
Maintaining a balanced and stress-free family budget can feel like navigating a financial maze. With so many expenses and financial obligations, it’s easy for budgets to go awry. However, with the right strategies and tools, managing family finances can become a manageable and even rewarding task. Here are some family budgeting tips to help. Create […]
Rebuilding Credit After Debt Review: Tips and Strategies
Completing the debt review process is a significant milestone towards regaining financial freedom and stability. However, rebuilding your credit score after debt review requires deliberate and consistent efforts. Here are some practical tips and effective strategies to help you rebuild your credit score and maintain financial health long term. Understand Your Credit Report Start by […]
Financial Tips for Young Adults
Embarking on your financial journey as a young adult can be both exciting and daunting. Establishing good financial habits early on is crucial for long-term success. Let’s go through some tailored financial tips for young adults in South Africa to build a strong financial foundation. Create a Budget One of the most important steps in […]
How to Avoid Debt Traps and Make Smarter Financial Decisions
Managing personal finances can be difficult. Knowing how to avoid debt traps and make wise money choices is crucial. It is important for staying financially healthy. This comprehensive guide provides practical advice on recognising and avoiding common debt traps and offers tips on making smarter financial decisions, including budgeting, saving, and investing wisely. Understanding […]
Myths and Facts About Debt Review: What You Need to Know
Debt review helps people take control of their finances and work towards being debt-free in the future. However, many misconceptions surround debt review that can prevent people from taking advantage of this beneficial process. Let’s debunk some of the most common debt review myths and clarify what the facts are. Myth 1: Debt Review Is the […]
Top Tips for Staying Motivated During Debt Review
In South Africa, staying motivated during the debt review process is crucial for successfully completing it. Here are some practical tips to help you maintain motivation and stay on track with your debt repayment strategies. Set Clear Goals Establishing clear financial goals is essential. Know exactly what you want to achieve by the end of […]
How Long is the Debt Review Process?
Being overindebted can cause times of stress and anxiety, so it makes sense that one would seek to get rid of their debt by means of debt review. But how long is the debt review process? And how do you complete it? Let’s take a closer look at this process. How Debt Review Works The […]
Debt Review Explained
We are often asked – what is debt review? Here we hope to answer this question effectively. Debt review, also known as debt counselling, is a South African debt management process regulated by the National Credit Act (NCA). It is specifically designed to help individuals who are over-indebted and struggling to manage their debt repayments. […]