August 2021 IDM Special Edition

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FROM THE <strong>IDM</strong> DESK • Unsecured debt level continues to increase: The level of unsecured debt is on average 32% higher than in 2016 and up by 49% amongst consumers taking home R20 000 or more. This is a direct result of consumers using unsecured debt to offset the erosion of their take-home pay. Sager says despite all the bad news, which is perhaps unsurprising given the impact of successive lockdowns on an already struggling economy, there were some positive findings that show debt counselling works: • More consumers successfully complete debt counselling: There are now seven times as many consumers completing debt counselling as there were in 2016. • Effective mechanism for paying back debt: Consumers who successfully completed debt counselling in Q2 <strong>2021</strong> paid back R320m worth of debt to their creditors as part of the debt counselling process He says the fact that 56% of applicants for debt counselling are male is also positive. In Q2 2016 more women (52%) than men (48%) were applying for help to restructure their debt. “In a society where men typically tended not to want to talk about or seek help with debt, it’s encouraging that men are becoming more proactive about dealing with debt problems.”
DEBT REVIEW LESSON #1 If you begin to earn significantly more than when you started debt review, be sure to talk to your Debt Counsellor about how you can pay off your debts faster. You can finish debt review faster and end up saving thousands on fees and interest by paying even a bit more each month.
Page 1 and 2: SCAMDEMIC NO VACCINE IN SIGHT Issue
Page 3 and 4: WHAT MAKES US EXCELLENT? / Unimpair
Page 5 and 6: This is similar to the annual Debt
Page 7: This is according to the DebtBuster
Page 11 and 12: CONTENTS SCAMDEMICS: NO VACCINE IN
Page 13 and 14: BREAKING NEWS
Page 15 and 16: We are the champion in your corner!
Page 17 and 18: DEBT REVIEW AWARDS 10 SEPTEMBER 202
Page 19 and 20: POPI-PROOF your PROCESSES WITH DREX
Page 21 and 22: NEW FINANCE MINISTER President Rama
Page 23: DEBT REVIEW LESSON #2 Talk to your
Page 26 and 27: SCAMDEMIC: NO VACCINE IN SIGHT DEAR
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Page 33: Impressed that they have some of th
Page 36 and 37: SCAMDEMIC: NO VACCINE IN SIGHT DEBT
Page 39 and 40: SCAMDEMIC: NO VACCINE IN SIGHT DEBT
Page 41: How it Works: You go online and Goo
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Page 47: SCAMDEMIC: NO VACCINE IN SIGHT AVOI
Page 51 and 52: THE DEBT REVIEW AWARDS IS COMING IT
Page 53 and 54: YOU HAVE TO SEE IT FOR YOURSELF...
Page 55: This is why the Annual Debt Review
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THE DEBT REVIEW AWARDS IS COMING WH
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THE DEBT REVIEW AWARDS IS COMING HO
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TO OUR SPONSORS the results and org
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POPI ACT PROTECTION OF PERSONAL INF
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POPI BASICS FOR DEBT COUNSELLORS IN
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POPI BASICS FOR DEBT COUNSELLORS TH
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DEBT VADER
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DEBT VADER Here are just a few of t
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DEBT VADER The last task team repor
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August 2021 IDM Special Edition

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