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Editor's Note

There are normally pros and cons to anything in life.

From small choices like getting out of bed (Pro – you get to have breakfast; Con – its so comfy under the blankets), to big choices like how to deal with your debt.

In this issue, we dive into the real pros and cons of debt review. They may not be exactly what you think since dealing with debt is actually quite a complicated topic that goes beyond just…fees or credit bureau listings.

With slow economic growth and looming VAT increases and tax hikes, along with bigger bills from Eskom (while they shut the power on and off just to remind everyone what happens if we don’t pay) things are tight. People need relief and it is amazing what debt review can do to improve a person’s life.

‘There are lots of great debt review practices in South Africa with some of the best Debt Counsellors in the world helping consumers deal with their debts’

There are lots of great debt review practices in South Africa with some of the best Debt Counsellors in the world helping consumers deal with their debts. In many ways, these are the true “Pros” of debt review. Sadly, there are some who still offer subpar service or purposely offer weak service and then have someone call and offer ‘get out of debt review’ services. These are in many ways the “Cons” of debt review. Let’s hope we see the back of them soon. Certainly, the NCR is making efforts to shut them down.

In this issue, we also have tips, advice and more. So, check out how debt review is done in Switzerland or read up on a recent court case and its implications. We have news, reviews and more jam packed into this issue for you.

So, if you have made the choice to enter debt review then do not easily be thrown from your plan. Do everything in your power to fight the cons and focus on the pros. That way you will stay motivated to make those payments and continue on your journey to become debt free.