Should you pay your creditors directly while under debt counselling?
Sometimes consumers try to pay their creditors themselves because they’re trying to avoid paying the Payment Distribution Agent (PDA) fees for distribution, says Awie Coetzee, a debt counsellor...
Relax! There is life after debt review
Knowing what happens after debt review is as important as completing the programme. Being under debt review can feel like a lifetime. After completing the programme there are...
What you to do when dating someone who’s in debt
You meet your perfect match and you fall in love. However, later you find out that they have debt. Should you continue with the relationship? In a world...
This is how your divorce affects debt counselling
No one goes into marriage thinking they will divorce, but divorce happens and affects many aspects of your life. Debt counselling doesn’t only give you and your spouse...
Curb your debt appetite – only borrow when necessary
This week Moneyshop shows you how to stay out of debt even when it seems impossible. The second quarter of 2018 saw a spike in the number of...
Debt collection fees: Here’s what you didn’t know
Some South Africans are indebted to the point where they can longer afford the monthly instalments for their debts. Many consumers would rather deal with debt collectors than...
You can emigrate, but you can’t escape your debt
If you are burdened with debt, you might have considered going overseas and leaving your baggage of debt behind. Some people hope that their debt will then somehow...
Is debt counselling a better alternative to debt consolidation?
The first thing that comes to mind when over indebted and seeking debt relief, is debt consolidation. This eliminates the trouble of dealing with multiple creditors. However, there...
Why is debt consolidation not a quick fix
Most credit active consumers think the best way to settle debt is by taking out a consolidation loan. But consolidation loans do not settle debt, they merely group...
Managing your finances under debt counselling
For many debt counselling is a last resort when their financial life has become unmanageable. Debt counselling helps to keep the debt collectors at bay, and gives you...