Author Archives: Editor

Drowning in debt? Grab this lifeline- Bussiness Live article

Nice article about the benefits of debt review at: http://www.businesslive.co.za/personalfinance/2012/01/14/drowning-in-debt-grab-this-lifeline It encourages consumers to act early and restore their financial situation to manageable levels. ………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………… There are 19million credit-active consumers in SA, of whom about eight million have impaired credit … read more

ABSA termination timing complaint

On 9 January 2012 a local Debt Counsellor reportedly felt her holiday relaxation disappear as she discovered more than 50 termination notices from ABSA Bank waiting for her. Recently many DC’s have been complaining about the  high volume of 86(10) … read more

Capitec increase unsecured lending

Below excerpts from the New Age Article on Capitec. It discusses the increase in unsecured loans offered and their plans for 2012. (for the full story head over to: http://www.thenewage.co.za/40164-9-53-Capitec_aims_for_higher_bank_fee_income) Capitec aims for higher bank fee income ” …Capitec Bank … read more

NDMA give borrowing advice

The NDMA have spoken out on the subject of borrowing on credit: Be savvy about borrowing With the festive season over, borrowing wisely in the months ahead can mean the difference between a prolonged debt hangover and building a solid … read more