A way out sought for consumers stuck in debt counselling
The National Debt Counselling Association is pushing for a regulated mechanism to remove consumers from incomplete debt counselling caused by life-changing events.
#debtrelief
Signs that consumers are becoming desensitized to high debt levels
Nearly half of South Africans dedicate more than 40% of their take-home pay to repayments – and there are indications of ‘savings fatigue’.
