Debtfree Magazine issue 9 of 2021-for download
SA's Free Magazine all about Debt, Debt Counselling & Debt Review. New, Tips, Reviews, Advice and more. This month we look at some of the nasty little lies you tell yourself about your debts. We also catch up on what happened at the Annual Debt Review Awards 2021
SA's Free Magazine all about Debt, Debt Counselling & Debt Review. New, Tips, Reviews, Advice and more. This month we look at some of the nasty little lies you tell yourself about your debts.
We also catch up on what happened at the Annual Debt Review Awards 2021
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THE BIG LITTLE LIES WE TELL OURSELVES ABOUT DEBT
EVERYONE HAS
SOME DEBT
24 Million South Africans are credit users (so, around 1
in every 3). Out of those 24 million many have missed
a payment or two as they struggle to decide who to
pay this month with the income they receive. Around
9.6 million people are behind on debt repayments by 3
months or more.
7 Million people have credit cards, and on average owe R20 000
each.
6.7 Million have personal loans and owe on average R45 000 each.
And those are just the loans in the ‘formal’ sector, which reports
to the NCR, and does not cover loans to family members of local
Mashonisas.
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