Debtfree DIGI Jan 2016
SA's Free Debt Counselling And Debt Review Industry Magazine. What to do when you get scary sms' or call. How to complain to the NCR and what to expect. PDAs, Credit provider interviews and industry news.
SA's Free Debt Counselling And Debt Review Industry Magazine. What to do when you get scary sms' or call. How to complain to the NCR and what to expect. PDAs, Credit provider interviews and industry news.
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• Contact your credit providers to negotiate and reschedule or consolidate your credit<br />
• Stop increasing your debt. Close unnecessary accounts and limit yourself to only 1 or 2<br />
important ones<br />
• List all your credit. Prioritise paying off debt that is close to being paid off first, or credit with<br />
the highest interest rate, or accounts where legal action is being taken against you<br />
• Use our cellphone app to view your transaction history and start tracking your expenses.<br />
Keep a record of all money that goes in and out of your accounts. Identify areas where you<br />
overspend and reduce those expenses. Cut any spending on luxury items<br />
• Once you’ve paid off one account, use the money you save to help pay off another debt<br />
• Add income by selling anything you don’t need. If you can, use your hobby to make extra<br />
cash<br />
• Get a credit health check up. Once a year you can get a free credit report from one of the<br />
credit bureaus<br />
• Look at your insurance products to see where can switch to a cheaper option. Use the money<br />
you save to help pay off your debts
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