The Debt Review Blog Page
Money matters, and here we will discuss anything and everything debt review and financial related.
Do You Need A Personal Loan
Lots of South African households are experiencing financial stress. But where should you go for loans and what avenues should you explore when you need to borrow money? Why not rather use your savings or borrow from family? There are a few options you can follow.
How Will The Junk Status Downgrade Affect You
Consumers already have far less money to spend than they had a year ago and it doesn’t look like the situation will change soon. Roughly half of all consumers are three or more months behind on their debt repayments, the long-term effects of the downgrades will be devastating.
The Debt Snowball Effect
The way that Debt Counselling works is much like the debt snowball effect. Smaller accounts or accounts with higher interest are settled first. When accounts are settled, the instalment of the settled account goes toward another account. The monthly payment amount stays the same until all debt is settled.