Tag: DebtBusters
Understanding money – options when struggling with debt
It’s common cause that too many South Africans struggle with debt. National Credit Regulator data shows that 40% of the 25 million active credit users are behind on their payments. That proportion has probably become worse since April 2020 because the data was released before the COVID-19 crisis.
Consumers mirror government’s debt habits
Both the South African government and its citizens are forced to allocate more of their resources towards debt rather than to education or housing. This creates a challenge to maintain healthy finances, leading to empty pockets and frustration.
