Seriousness of Debt in South Africa
45% of credit active South Africans (that’s around 10 million people) are falling behind on their payments. Therefore the seriousness of debt in South Africa becomes a matter of national importance. In this 3-part video series Hein and Wikus discusses how, and why, debt counselling is a proven solution to over-indebtedness.
Hein and Wikus has a detailed discussion about the following:
- How South Africans become over-indebted.
- What are your rights as an over-indebted consumer.
- What debt counselling is, how it helps people overcome debt, and what the process entails.
- How debt counselling is regulated by the NCR to protect the consumer.