Long before the COVID-19 disruption started the government (represented via the National Credit Regulator aka NCR) and financial institutions have continuously been warning consumers to be vigilant and not give away their personal information, or click on ‘inviting’ hyperlinks and opening unsolicited emails/messages. The recent pandemic period has, unfortunately, paved the way for hackers and
What beliefs or outdated mindset do you currently have that stops you from giving yourself (and your dear ones) a better financial life? Perhaps you have been taught a few things when you were younger that does not count or is not relevant anymore. Don’t you think the sooner you start to make a money-altering
There must be no worse feeling in the world than receiving a “WARNING” that indicates you better pay up, or else. That ugly, threatening letter from one (or perhaps more than one) of your creditors. When is too late, really too late for you? Being in arrears with your credit payments is not a favourable
In honour of #WomensMonth2020, DebtSafe wants to remind ALL South African women that they – the strong, the courageous – are the ones who carry and nurture the overall heart of South Africa, especially during unexpected hardships. They deserve all the love, help (in various fields, including finance) and applause they can get. DebtSafe, recently
What a difficult and emotional time it has been these past few months. Not to even mention the FINANCIAL challenges you’ve had to endure (and most likely still are dealing with). On a positive note: with 2020’s ‘financial lemons’ you might not be able to make lemonade yet, but in the meantime, you can at
South Africans have recently shifted from a Level 4 ‘national lockdown stage’ to a level 3. And, although this level-shift can be a slight relief for some, many consumers are still trying to deal with the financial implications and emotional scars of the COVID-19 pandemic and national lockdown period as a whole. Recent feedback from
It would be fair to say that recent unexpected events of the COVID-19 pandemic must have been the first severe economic crisis of the South African youth. And, it is, therefore, important that they incorporate specific characteristics to build a firm financial foundation to deal with any future emergencies, and to enhance their resilience after
COVID-19 has brought unexpected changes for the country, the economy, businesses and the South African consumer. Due to these abnormal circumstances, the Repurchase Rate (mostly known as the Repo Rate) has brought sudden positives to a few consumers. Especially, current homeowners. Since the beginning of the year, the South African Reserve Bank has cut its
South African mothers are experts in the field of juggling various tasks and taking care of financial commitments or bills in the process. Not to mention – while taking care of their extended loved ones AND holding the fort at home. Just take a look at their current ‘lockdown’ reality – they are truly amazing
With all the doom and gloom going on, you and other South African consumers (like you the homeowner, you the credit facility user or, you – paying off a loan) can breathe a small sigh of relief thanks to the latest repo rate cut. Yes, you have been granted the perfect opportunity to be proactive