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Debt prescription

Debt Prescription

You’ve worked hard to improve your credit rating, aiming for that dream home or car, only to face disappointment when an old, prescribed debt reappears on your credit report. Often, creditors sell old accounts to debt collectors who claim you must pay, even after the debt has prescribed. What is Debt Prescription? In South Africa, […]

Consumers digging deep to afford monthly debt obligations and living costs

Debt Center

South Africans with credit agreements are feeling the pressure of increasing instalments of debt repayments South Africans are financially exhausted after three tough years, surviving the Covid pandemic, growing inflation, rising interest rates, groceries and fuel price increases and living costs becoming more and more expensive, forcing consumers to cut down on essential family spending […]

Black Friday can become a January debt trap

BLACK FRIDAY spending

South African’s are facing a festive hype whilst waiting for brochures for this year’s Black Friday deals in preparation for the 25th of November 2022. Consumers had been financially planning for this event of special deals and picking up great bargains just before Xmas. The reality is that many consumers could face overspending on the […]

COVID 19 and Debt protection insurance

Debt Centre

This week we at Debt Centre want to share valuable information with our readers and other multi-social media platform members regarding Debt Protection Insurance. The new COVID19 Lockdown Law and regulations enforced the whole nation to stay at home for 21 days and then further extended and now in level four with some business that […]

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