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Things Are About To Get Tough

Consumers can only look forward to a hard February with petrol prices set to increase. The Automobile Association are predicting that the cost of Petrol could go up by 44 Cents/Litre. Diesel will probably be going up by 37 Cents per litre.

trumpIt seems that the weakness of the US Dollar (due to uncertainty regarding the new American President) is going to be offset by a price spike for crude oil.

 

Added to this increase and others that look set to lie ahead are probable price increases in electrical costs. Eskom has indicated that (no surprise) they will be asking the energy regulator if they can push prices up again when the next review rolls around.

Many consumers are already barely managing to keep their heads above water and have to rob peter to pay paul every month. Debt Counsellors report a yearly uptick in applications for help in February. This is often as consumers have to come to terms with all the debt they have taken on in December and January. Once all the fun of the year end is over and all the back to school expenses have kicked in, consumers often find they can no longer figure a way out on their own. This is when they turn to professionals like NCR registered Debt Counsellors for a plan.

Fortunately for more than 12 000 consumers every month, there are professional Debt Counsellors who can offer a way to repay their debts and retain their dignity. Reports indicate that about half of all SA credit users are unable to repay their debts each month and are, in many cases, up to 3 months behind on payments.