Debtfree DIGI – Editor’s Note
Debtfree DIGI – Our Editor’s Note
Summer is here. The temperature is souring and we can finally turn off those heaters and give Eskom a break. That doesn’t mean that things are getting any easier. Prices are still steadily climbing. Students are currently protesting across the country at the cost of fees, as they too are feeling the pinch. Young or old, it seems times are tough. This is why around 14 000 people are embracing the debt review process every single month in SA. It is a dignified and realistic way to deal with their debt issues and restructure their monthly finances to cover costs and still meet their debt obligations. In this issue we talk about the process and how it works. We also talk about the way men and women deal with debt differently and the mentality of the over indebted.
This month, we interview a Debt Counsellor about what motivates her and why she is helping consumers deal with debt. We also consider some practical steps that all (not just those in debt review) can take when dealing with debt. We look at the tough situation of losing your job and how you can weather the storm. We also catch up with one of the banks and learn more about their debt review team.
We check in with the various Debt Counsellor associations and see what they have on the go and talk about all the recent news about the credit industry. Did you hear about the creditor that got deregistered? Did you hear about the guy who was loading ATMs with fake money? Check out the news section for those stories and more.
Temperatures are hot and the students are revolting. If you find debt to also be revolting then you will love this issue. So keep your cool and pay your debts and by the time summer is done maybe you will finally be debt free.
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This article comes from the October 2015 issue of Debtfree magazine