The Debt Review Blog Page
Money matters, and here we will discuss anything and everything debt review and financial related.
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.
How to Approach Financial Matters in a Relationship
Many of our clients tell us at sign up stage that their partner, wife or fiancé do not know anything about their financial problems. They wish they shared their challenges earlier, but it is too late now. In this article our Debt Counsellors give advice on how to approach these matters.
Our Clients and Our Service
Sandton Debt Counselling offers debt review for South Africans from all walks of life. Our service is not reserved for clients in a specific income bracket as we believe that all South Africans deserve the help they need when they are going through trying financial times.