Debtfree DIGI February 2015- Editor’s Note
Debtfree DIGI – Editor’s Note
February has turned out to be another exciting month in SA, with all the fun of the State of the Nation disarray and continued power outages across the country. If you are reading this between rolling power cuts then you may know that February is normally a busy month for Debt Counsellors. Consumers who have faced the added expenses of January- with kids going back to school and paying off the December shopping spree bills – often realise that they need to finally take some proactive steps to deal with their debts. With recent consumer application figures reflecting that this is, once again, the case in 2015, it seems that Debt Counsellors are going to be very busy over the next few months. Economists continue to warn of tough times ahead. SA’s debts continue to grow as the world economic situation remains dire. Government debt has doubled in recent years and spending is up. Any Debt Counsellor can tell you that when your debt is continually increasing and your spending is growing then you need to start making some changes swiftly. If you are experiencing something similar on a personal basis then follow the example of thousands of other consumers each month and get professional help. You can consult the back of the magazine for our Service Directory Section to find someone close to you who can help or read our interview with a well known Debt Counsellor. This month we consider some of the Do’s and Don’ts of advertising debt review services. The NCR are concerned over what some people are promising in their ads. We also look at the NCR’s recently released guideline about the 2010 NCR Task Team Report on debt review and a Debt Counsellor writes to us regarding these (and other) guidelines. These new NCR guidelines are now in effect and now have a huge impact on how the entire debt review process works. Will they help creditors, debt counsellors and consumers? It is hoped so. All we can say is that, if your financial state is in disarray and you owe your creditors lots of money then don’t hide from it rather use debt review to pay it back and get debt free.
This article taken from the February Debtfree DIGI.
