The Debt Counselling Process Simplified

The Debt Counselling Process Simplified

In 2007, the debt counselling process was introduced as an official debt solution for South Africans. The aim of debt counselling is to rehabilitate over-indebted South Africans and assist them by making their debt repayments more affordable. What does over-indebted...
Getting Out Of Debt Without Getting An Increase

Getting Out Of Debt Without Getting An Increase

Not everyone has the luxury of saving thousands of rands a month. Most of us struggle to put any money into savings each month at all. In South Africa, there are more people using debt to get by each month than there are people saving. Although it may not seem like...
Is Debt Counselling Good Or Bad?

Is Debt Counselling Good Or Bad?

Debt counselling, also known as Debt review, was introduced in the National Credit Act in 2007. Debt counselling assists over-indebted consumers get out of debt. A debt counsellor helps over-indebted consumers by negotiating with their credit providers and coming up...
3 Things You Need to Know about Loan Rescheduling

3 Things You Need to Know about Loan Rescheduling

Vantage has concluded 3 things you should know about loan rescheduling with examples. For all examples below,we assumed an interest rate of 28%. The examples are not based on real consumers. What is a loan reschedule? Loan rescheduling is using a new loan to replace...