fbpx

News

At the start of the COVID19 pandemic, and the economic crisis that erupted when people accross the country lost their income, most banks such offered their clients a three-month debt repayment holiday. This was at the start of March, and thus the debt repayment holidays will expires at the end of June. As a result consumers …

COVID19 payment holidays coming to an end Read More »

If you find yourself in a situation where you have too much debt, and not enough to pay the monthly installments, there are various options to consider. For example, many consumers are so desperate to survive financially that they take out more loans and credit cards to cover expenses and other debt, unfortunately sometimes under …

Help! I am not able to pay my debt… Read More »

Many people sighed a sign of relief as 2019 drew to a close. It was a tough year – economically South Africa was struggling, unemployment numbers rose, interest and repo rates were increasing, and it was not uncommon to hear how many people were looking forward to 2020 and the new opportunities that the new …

How to manage your debt Read More »

Salary Management Services would like to assure our clients that we will be fully operational during the national lock down. Many people are uncertain of their financial futures. They worry about loss of income, job security, their employment and the future. If you are currently under debt counselling and would like to apply for a …

Debt Counselling during the South African national lockdown Read More »

Because of our basic living expenses, we incur debt. We obtain credit cards, bank loans, cash loans, clothing accounts and other accounts to keep up with the demands of our daily lives. But it is not always possible for people to pay their debts regularly on a monthly basis, and still have enough money left …

Why people get trapped in debt Read More »

Unfortunately, it is not possible to apply for debt counselling once a judgement has already been granted and the creditor has proceeded with legal steps. It is therefore crucial for consumers who are over-indebted, to seek help sooner rather than later. Debt counsellors can help negotiate with the creditors to lower the monthly installment, lower …

What should you do once you receive a judgement? Read More »

Open chat