Streaming issues? Report here
Refilwe Moloto 2019 1500 BW
Breakfast with Refilwe Moloto
06:00 - 09:00
volume_up
volume_mute

Up Next: Today with Kieno Kammies
See full line-up
Breakfast with Refilwe Moloto
06:00 - 09:00
Home
arrow_forward
Politics

#KnowlerKnows Consumer Talk: Digging yourself out of debt

21 February 2019 3:41 PM
Tags:
Debt
Debt counselling
Correspondent at Consumer Talk Wendy Knowler sits down with Azania to talk about the burden of debt and possible solutions.

Did you know that February, March and April are said to be the toughest months on consumers?

It's the time when many of us attempt to recover from the festive season and then, of course, there are the school expenses, often making it difficult to cope with your financial obligations.

Correspondent at Consumer Talk Wendy Knowler says this three month period is usually when debt counselling companies are inundated with people who have no option but to go under debt review.

Knowler says while debt counselling takes the pressure off your debt collection, the downside is that you cannot get any new credit.

Knowler also says it's important to find the right debt counsellor.

The first thing is to go to the National Credit Regulator and ask for advice on who to go to.

Wendy Knowler, Correspondent - Consumer Talk

The immediate relief is that those calls stop. The first thing that debt counselors do is separate the wants from your needs and strip it down. For those people who are then able to adapt and stick to the payments most importantly every month and are with the right debt counselors, it really saves them and stops them from getting further down that road of debt that they can't come back from.

Wendy Knowler, Correspondent - Consumer Talk

The most prevalent outstanding debts are said to be personal loans, credit cards and store cards.

Click on the link below to hear more solutions from Knowler and what your rights are....


This article first appeared on 702 : #KnowlerKnows Consumer Talk: Digging yourself out of debt


21 February 2019 3:41 PM
Tags:
Debt
Debt counselling

More from Life Advice

unemployment.jpg

[LISTEN] How to avoid falling victim to job scams

15 July 2019 3:13 PM

Africa Check's Caley Clifford and Naphtali Khumalo share five red flags to watch out for.

Share this:
Read More arrow_forward

piggy bank child.jpg

Making the most of pocket money - why it's important

13 July 2019 12:20 PM

It's Savings Month and parenting expert Nikki Bush has valuable advice on teaching your child about money from a young age.

Share this:
Read More arrow_forward

work-computer-study-jpg

Tips on how to cope in a toxic working environment

3 July 2019 1:19 PM

Business and executive coach Dawn Klatzko says one of the things you need in your survival tactics is to practise diplomacy.

Share this:
Read More arrow_forward

Question mark

9 tough questions you should never be afraid to ask your financial advisor

26 June 2019 6:39 PM

Times are tough. Don’t spare her feelings! You must ask these questions of your advisor, implores Galileo Capital's Warren Ingram.

Share this:
Read More arrow_forward

doctor-stethoscopejpg

Your employer can ask your doctor to write an affidavit to support a sick note

5 June 2019 12:22 PM

Law says if a traditional healer is part of medical council with a registered number he or she can write a medical certificate.

Share this:
Read More arrow_forward

jobs.jpg

Tips on writing that stand-out CV

28 May 2019 6:52 AM

Consultant and coach Anja Van Beek shares advice on what should go into your curriculum vitae.

Share this:
Read More arrow_forward

pocket-moneyjpg

Pocket money: From what age? How often? How much?

27 May 2019 3:06 PM

Certified financial planner Kirsty Scully shares her advice on teaching children about the value of money.

Share this:
Read More arrow_forward

watchjpg

Watch out for suppliers trying to mislead you about warranties

15 May 2019 2:28 PM

Consumer journalist Wendy Knowler examines buyers' rights and the just-released Banking Services Ombudsman's report.

Share this:
Read More arrow_forward

Hourglass cash money

Easy-to-follow advice on saving money and investing (shares, unit trusts, etc.)

26 April 2019 11:32 AM

The Money Show's Bruce Whitfield interviews Chris Sloane, author of “Use Some Common Cents to Build Financial Independence”.

Share this:
Read More arrow_forward

a3b33f84-ed59-448a-ab66-36c9dd38ef20.jpg

Tips on how to future-proof your job and management skills

13 March 2019 12:39 PM

COO of Jack Hammer Advaita Naidoo explains how both companies and the workforce can prepare for jobs of the future.

Share this:
Read More arrow_forward