Consumers can get their lives back after going under debt review although the process is not easy
Lost your password? Please enter your username or email address. You will receive a link to create a new password via email.illions of South Africans are drowning in debt. Consumers owe more than R2.5 trillion to their creditors. And that’s just what can be estimated from legal sources.
But one factor continues to float to the top: financial illiteracy. We are continually taken aback by the lack of understanding of monetary matters across all sections of society. Despite the ubiquity of debt, we are afraid to talk about it. A lack of understanding breeds stigma, forcing many to suffer in silence until it is too late, or turn to the dangerous informal sector.
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