Debtfree Magazine June 2018
SA's Free Monthly Debt Counselling and Debt Review Industry Magazine. June 2018 issue. We look at all the heat from the Annual Debt Review Awards 2018 as well as catch up with both a Debt Counsellor and the brand new PDA.
SA's Free Monthly Debt Counselling and Debt Review Industry Magazine. June 2018 issue. We look at all the heat from the Annual Debt Review Awards 2018 as well as catch up with both a Debt Counsellor and the brand new PDA.
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What is the biggest<br />
challenge facing<br />
Debt Counsellors at<br />
the moment?<br />
The biggest challenge we are facing<br />
is the issue of transfers of clients<br />
from other DC and consumers who<br />
are not co-operative when we are<br />
trying to assist them.<br />
What is the biggest<br />
challenge facing<br />
your consumers at<br />
the moment?<br />
The Recent VAT increase and<br />
minimum increase of wages is<br />
placing a lot of stress on our clients.<br />
We also see the loss of employment<br />
and many cases of reckless lending to<br />
low income earners and pensioners.<br />
What advice do you<br />
have for consumers<br />
with debt stress?<br />
Debt Stress is a serious issue that<br />
creates a lot of challenges in the<br />
work place and in personal lives. It<br />
causes a lot of negative issues in our<br />
lives, often because of ignoring the<br />
core of the problems.<br />
Here are 10 tips that I like to share<br />
with the consumers:<br />
1. Don’t ignore your debt<br />
2. Prioritise and pay your debts<br />
3. Avoid borrowing to pay off<br />
debts<br />
4. Cut down expenses<br />
5. Never skip your payments<br />
6. Prioritise your loan payment<br />
7. Always act on a letter of<br />
demand<br />
8. Act now, do not wait until it’s<br />
too late<br />
9. Seek help from a debt<br />
counsellor<br />
10. Start saving today
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