Mail & Guardian
Mail & Guardian
debt counsellinglatest news & developments
Short-term or unsecured loans are not an evil to be avoided entirely. They can be good for consumers and the economy — when used responsibly.

How short-term loans could cost you your dream home

Frequent short-term borrowing can hurt your bond application because lenders see it as a sign of financial instability, even if you make repayments on time

Millions of South Africans are drowning in debt. Consumers owe more than R2.5 trillion to their creditors

Editorial: Financial illiteracy breeds debt

Consumers can get their lives back after going under debt review although the process is not easy

SA consumers turn to personal loans, unsecured credit to survive

Debt-strapped citizens are taking short term loans to ‘balance’ cash flow as wages fail to keep up with the cost of living This content is restricted to registered users and…

10 million South Africans are drowning in debt

The debt counselling process is not always smooth, as a Durban homeowner who fell into arrears on her mortgage has discovered

The Reserve Bank has maintained the repo — at which it lends to commercial banks — steady at 8.25% for five consecutive meetings, since hiking it by 50 basis points in May 2023.

EXPLAINER: Interest rates are on the up. What should you do?

Stay vigilant and really understand what higher interest rates mean for you, says one expert

Members of the population with the most garnishee orders are not well.

Grim outlook puts businesses off debt

Unsecured lending continues to boom in households but it appears that corporates have lost their credit appetite.

Debt counselling enquiries double

Over the festive season and into the New Year, debt counsellors DebtBusters has seen a doubling of enquiries compared to the same period last year.

Can you cancel debt review?

You need to find out the terms of your debt review first. You can also just pay off your debt quicker.

Struggling with debt

What to do if your debt review is terminated.

My debt counsellor has gone AWOL

Rules for debt review: check out your debt counsellor and never miss a payment

High court rules against debt review termination

A landmark legal judgement means consumers and debt counsellors have won a battle against some major credit providers.

Swimming in a sea of debt

A code of conduct between credit providers and debt counsellors should iron out the problems that stymied many of those seeking protection.

Code of conduct on debt

Banks and debt counsellors agree to a set of rules to resolve the debt crisis.

Settling unpaid debts

If your debt has been handed to a debt collection agency, knowing your rights can save you money.

When to consolidate your debt

Debt consolidation works if you have the discipline

Campaign launched to assist debt-ridden South Africans

Nearly half of credit-active South Africans are in financial trouble. They can now call a single number to get advice on how to manage their debt.

Is the economy looking better or not?

Motorists welcomed the announcement by the Department of Energy on August 27 that the retail price of all grades of petrol would decrease by 10 cents.

The financial vulnerability of women

Single mothers make up 75% of women in debt counselling.

Giving credit where it is due

One cannot overestimate the national importance of a proper debt-review process and the role that the regulator has played in bringing this about.

Facing the debt crisis

More than eight million in SA are struggling to clear debts, which is why the success of the National Debt Review Committee is a national imperative.