Debtfree Magazine Jan 2017

EDITOR’S NOTE
The year sure has got off to a busy
start, with petrol prices going up,
electricity hikes looming, water getting
increasingly scarce, President Trump
causing all sorts of chaos (which has
been good for the Rand) and all those
tricky back to school costs.
A lot of people make new year’s
resolutions like: “this year I am going
to get out of debt”. What a great idea!
Sadly, as we know, following through
on new year’s resolutions can be a lot
harder than making them. Most people
fail by the end of the first month.
Well, if this year getting rid of debt is
one of the things in your life you would
like to tackle then, fortunately, we have
some helpful info for you about one of
the ways you may be able to do that.
In this issue, we discuss all the different
aspects of the debt review process. We
look at how to combat debt, what to do
when your debt is out of control, who
can help you and how the debt review
process works. We compare the NCT
and Court processes. We also compare
paying off your debts according to the
debt restructuring plan oneself with
paying via a PDA. The issue should give
you an idea of how the process works
and if it would be right for you. If you
are already under debt review, this
issue will remind you of what you have
been through and where you are in the
process at the moment. It will also help
you see the way ahead.
We also have some interesting industry
news to help you keep up to date and
we consider a recent court case which is
having an impact on the industry. That
and so much more. Time can slip by and
good intentions can fall by the wayside
if you don’t watch out. The key is to have
clear defined goals and identify steps
you need to take each month to achieve
them. We hope you enjoy the issue and
that the months that lie ahead bring you
closer to all your goals (including being
debt free).