A Fin24 user wants to know what the impact would be on his monthly instalments and his loan term should he decide to go under debt review. He writes: If I go under debt review, I understand that it will reduce my instalments. Does my balance also reduce without increasing my loan term? In essence,[…]

Pretoria – Drowning in debt? You’re not alone. Lots of South Africans are battling to meet their financial commitments.If your monthly repayments on your house, car, credit cards and accounts have risen so high you’re facing blacklisting, one option is to go into debt counselling or debt review. The debt review process was introduced in[…]

A Fin24 user who has undergone debt review to rehabilitate herself of debt wants to know if she’ll qualify for credit to buy a house or a car after the debt review process ends. She writes: I have voluntarily placed myself under debt review. I am close to finishing this process and would like to[…]

She writes: “I am under debt review, but was retrenched. What can I do if I cannot afford the installment? Debt counseling is only an option when the consumer has a regular income and if you are retrenched you do not have regular income. If a court order has been granted, not making payments will[…]