There's no secret that most South Africans rely on debt to make ends meet every month. Almost 80% seek expensive unsecured loans to meet monthly financial obligations, and 84% with short-term debt want to access money ahead of payday to fulfil repayments, shows a...
It's a tough time to be retrenched in South Africa during a national pandemic, struggling to survive financially and repay debts you cannot afford anymore. A July 2020 report by credit bureau TransUnion showed the Covid-19 lockdown had impacted 77% of consumers'...
South Africa lost over 600k formal jobs in the second quarter of 2020, according to Stats SA. (source: http://www.statssa.gov.za/?p=13690). In the aftermath of the COVID-19 lockdown, retrenchment became a harsh reality in many sectors, and a wake-up call for the...
To quote Jon Snow from Game of Thrones "Winter is coming" and with it comes a whole lot of sundry expenses many South African's do not think of or take note of, however in tough economic times and the increase in VAT we need to be as vigilant and frugal as ever. As...
South Africa has moved into a new era with the resignation of President Jacob Zuma and Cyril Ramaphosa taking over the reigns of the country. One of the first and possibly major changes under the new regime is the decision to increase VAT (Value Added Tax) for the...
For many South African's financial trouble is something that creeps up on them and they only realise they're in trouble when it's far too late. Having said that financial trouble is far from a thief in the night or an unwanted accident but a series of poor judgement...
One of the many causes of having too much debt or not being able to service your debt obligations can be due to overspending. If you're struggling to pay your debt due to overspending on items you can live without or get cheaper you're not alone. Overspending is so...
Today's modern lifestyle relies heavily on consumer spending, its what keeps the economy afloat. However not all consumer spending is good and we tend to acclimate things we don't really need, things that are either wants, tends or impulse buys. As the years go by...
Taking out a personal loan has become easier and easier, from banks to 3rd party financial service providers, to retail stores all willing to provide consumers with short-term credit on a whim. It may seem like a very simple process, apply for the loan, spend the...
Unfortunately, not every South African has the luxury of not "paying back the money" and for those who don't, this can result in penalties to your credit score that will affect your financial well-being well into the future. Having a poor credit score can result in...
At ezDebt, we aim to not only help South Africans get out of the cycle of debt but also educate them about money and the consequences of their actions. We will help you to answer the question: How long before a debt is written off in South Africa? Debt should always...
When times are tough and the belt needs tightening people always see it as an impossible task that is an uphill battle. They see it from the most extreme point of view rather than taking small measures to save a few bucks here and there The funny thing is that some of...
Our team is here to help you with any queries you may have. Leave your details on the form or contact us directly on the opttions below:
200 Voortrekker Road, Parow, Western Cape, 7500
info@ezdebt.co.za
021 180 4554