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Showing posts from December, 2024

Understanding the Debt Review Process: What You Need to Know

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  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...

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...