What you need to know about debt counselling in South Africa
Many consumers are feeling the impact of the Covid-19 lockdown on their jobs and income, with some falling behind on their financial obligations. The National Credit Regulator (NCR) has advised, however, that financial distress can be carefully navigated by debt counselling.
Despite life progressively returning to normal as lockdown levels are eased and economic sectors return to productivity, many consumers are facing the bleak prospect of being blacklisted.
Many South African households are in significant financial hardship and others have been struggling to make ends meet even before the Covid-19 pandemic, said Advocate Kedilatile Legodi, NCR acting manager for education and communication…..