Posts

From Overwhelmed to Empowered: How Debt Review Helps

  If you're finding yourself constantly juggling bills and struggling to make ends meet while creditors are breathing down your neck, don't despair. Debt review in South Africa - established under the National Credit Act — eases the financial strain of your obligations and offers a way out.   Debt review in South Africa (more formally known as ‘debt counselling’) is a legal route designed to support people who are drowning in financial stress. During this process, a registered debt counsellor will take a close look at your financial situation and come up with a repayment plan that makes sense for you and your creditors.   A real-life example of debt review in South Africa can change your life:   Meet Thato. He was dealing with debts totaling R60,000 across credit cards and a personal loan, and his monthly repayments are eating up more than half his take-home pay. This situation has left him with barely enough to cover basic living expenses - and worse,...
Post a Comment
Read more

Financial Fitness: Tips for Keeping Your Finances Healthy

Image
  When your finances aren't in good shape, it can feel like you’re trapped — - you might be constantly worried about the next utility bill and anxious that you will never reach your dreams. But it’s never impossible to change your trajectory. Here’s how to get control back and stay financially fit, according to SA debt counsellors :   Be honest about your current financial situation.   First, you need to know where you stand. List all your income sources, whether it's your salary, investment returns, or other earnings. Take stock of what you own — including savings accounts, investments, property, and other valuable possessions — and note down all your debts, from credit card balances to loans. You can start by simply putting this into a spreadsheet.   You might find that you’re actually doing a lot better than you think or find that your debts have ballooned out of control. Either way, this reality check will give you a clear picture of your financial s...
Post a Comment
Read more

How Debt Counselling Works: A Guide to Managing Your Financial Challenges

  While we all want to be optimistic, we need to be realistic about our finances. Studies show that 36% of South African consumers are in financial distress, concerned about their ability to fully pay off at least one of their existing bills or loans. There's simply no easy way out of financial difficulties, and in some cases, debt counselling in South Africa is the best proactive approach and long-term solution.   What is debt counselling in South Africa ?   Debt counselling in South Africa is a structured process that combines all your debt payments into a single and more manageable monthly amount. While there are costs involved in hiring a debt counsellor, the fees can be as low as 10% of your overall instalment savings over the lifetime of the debt.   Your debt counsellor will review all your outstanding payments and work with your creditors to agree on lower repayment amounts and improved terms. This might mean it takes a bit longer to pay off y...
Post a Comment
Read more

5 Essential Requirements for a Successful Loan Application

  For better or worse, loans have become an integral part of modern life — everyone uses it, whether it's to address unforeseen emergencies or simply to improve our standard of living. Personal loans in South Africa provide financial support to achieve your goals and fulfil your aspirations.   This is why it’s important to understand exactly what the requirements for personal loans in South Africa are so that you can access extra funding right away when you need it. While different lenders work have different underwriting processes, most of them will ask to see the following:   Good credit score     Having a good credit score shows lenders that you’ve handled your finances responsibly in the past and could even help you qualify for more favourable loan terms.     Verifiable income   If you’re employed, you will need to submit your most recent pay slips or bank statements showing your income for the last 3 months (or longer, de...
Post a Comment
Read more

Debt Counselling: How to Choose the Right Partner for Financial Relief

Image
  Feeling hopeless because of overwhelming debt? Don’t let the situation prevent you from regaining control of your life. Debt counselling in South Africa can provide a lifeline while building a better credit score. The key is to find an experienced company that offers legitimate and personalised debt counselling solutions tailored to your needs. Here’s how:   Make sure they are accredited by the NCR.   Firstly, take the time to verify the debt counsellor’s accreditation with the National Credit Regulation (NCR). This is an important credential ensuring that the provider provides debt counselling in South Africa legally, according to ethical practices and industry standards.   Find Better only works with NCR-accredited Debt Counselling companies, so you can trust our compliance with our industry’s regulations to protect your rights and privacy.   Ensure your data privacy.   When you choose a debt counselling partner, you're entrusting ...
Post a Comment
Read more

Understanding the Debt Review Process: What You Need to Know

Image
  If you're caught in an overwhelming cycle of debt and don’t know how to escape, Find Better can help. We can jump-start your journey to a debt-free life with a debt review in South Africa — a legal way to pay off the money you owe to lenders with an affordable repayment plan, which our team can arrange and negotiate for you. This way, you can overcome debts without losing your car, home, and other assets.   In this blog, we will share more details about debt reviews and how this process can help you manage your finances so you can relax again.   Understanding debt reviews   Also known as debt counselling, a debt review is a formal process that helps you manage your debt more effectively and protects you from harassment by creditors. Our NCR-registered debt counsellors will also help you avoid legal problems by negotiating with your creditors and reducing your monthly payments. With our help, you could pay off your dues in 2 to 5 years with regular paym...
Post a Comment
Read more

Practical Tips for Managing Debt During Economic Uncertainty in South Africa

  Times of economic uncertainty can make it all the more difficult to pay off debts. Increased interest rates, inflation, and the complex job market make it almost impossible to see the end of the road. But although you can’t tell where the economy is headed, there are things you can do to minimise risk and protect yourself from events you can’t control. In this blog, we will share practical tips for debt relief in South Africa to help you withstand periods of economic uncertainty.   Survive a weak job market.   Are you worried about lower wages or losing your job? It’s time to reevaluate your cash reserve and see if it’s enough for 3-6 months for unforeseen expenses and daily essentials.   Besides having an emergency fund, you need to learn how to manage your expenses wisely and avoid sacrificing your future savings. To do this, track your spending habits. Be mindful of discretionary purchases and consider delaying major purchases. This will help you al...
Post a Comment
Read more