How to Save Money Monthly and Repay Debt With Ease
Saving money and paying off debt can feel like two goals pulling in opposite directions. How do you put money aside when so much of your income already goes towards what you owe? The good news is you just need a plan, a bit of...
A Practical Guide on How to Pay Off Debt Fast & Efficiently
Managing debt is not easy. With rising living costs and interest rates that never seem to drop, many households find themselves stretched thin every month. However, you may be able to pay off your debt faster than you think. It all starts with a clear,...
Debt Mediation in South Africa: What It Is and How It Works
Falling behind on payments happens to good people every day. A tight month, an unexpected bill, and suddenly the numbers stop adding up. Then you search for help and find terms like debt mediation and debt review. They sound similar, but they are not the...
A Simple Guide on How to Check Your Debt Review Status
You settled your last debt review payment months ago. So why does your loan application keep getting declined? The answer could be as simple as you never actually confirming your debt review status was updated and cleared. What your debt review status is When you go through...
Your Account Is In Arrears? What Happens Next!
Missing one payment doesn't feel like a big deal in the moment. Life gets busy, money runs short, and you tell yourself you will catch up next month. But the day you miss an instalment, or only pay part of it, your account officially goes...
What Is an Administration Order? Your Options Explained
Owing money to more than one creditor is stressful enough. Add the letters, phone calls from collection agents, and the fear of losing your car or having your wages garnished, and it's no wonder so many start looking for a legal way out. One option...
What Is a Credit Bureau? Understanding Its Role and Importance
Have you ever wondered how lenders determine your creditworthiness? The answer often lies in the hands of credit bureaus. Understanding what a credit bureau is and how it influences your financial decisions can empower you to manage your credit effectively. A credit bureau is an organisation...
Received a Section 129 Notice? Here’s What You Need to Know
Receiving a Section 129 notice can be a stressful experience. It's a formal communication that signals potential legal action regarding unpaid debts. Understanding its implications and your options is crucial for managing your financial situation effectively. What is a Section 129 Notice? A Section 129 notice is...
How to Pass a Credit Check for Employment: Don’t Let Your Credit History Disqualify You
Key Takeaway: Employers conduct credit checks to evaluate financial reliability, particularly for roles involving finances or sensitive data. Job seekers can prepare by reviewing their credit report, resolving errors, addressing outstanding debts, preparing honest explanations for past issues, and seeking professional credit counselling. Are you worried...
How Can You Tell If You Are Over Indebted?
Understanding your financial health is crucial in today's economy, and one pressing concern for many is whether they are over indebted. Financial difficulties can creep in gradually, and recognising the signs early can help you take proactive measures. Being over indebted means, you owe more money...
Debt Review vs. Sequestration: What Is the Right Path to Insolvency?
What is the Difference Between Debt Review and Sequestration? The Quick Answer: Debt review is a legal process under the National Credit Act where a registered debt counsellor restructures your debt into lower monthly repayments, but sequestration is a High Court action where your estate is...
Can You Apply for Loans Under Debt Review?
Can You Apply for Loans Under Debt Review? Quick Summary: Navigating through financial hardships can be incredibly challenging, especially for those undergoing debt review. One common question arises: can you apply for loans under debt review? The simple answer is no. Debt review, also known as debt...
What Happens After Debt Review?
If you are wondering what happens after debt review, it’s important to understand the journey ahead. Successfully navigating debt review is a significant step toward financial freedom, and knowing what comes next can empower you to maintain your progress. At Debt Freeze, we are here...
Feeling Financially Overstretched? Your Next Steps With Debt Freeze
Are you feeling financially overstretched? You're not alone. Many individuals face financial challenges that can feel overwhelming and stressful. At Debt Freeze, we understand the strain that financial stress can place on your life, and we're here to help you navigate your next steps towards...
A Guide to Rebuilding Your Credit History
Quick Summary: Rebuilding your credit history requires checking your credit report for errors, consistently paying bills on time, keeping credit utilisation below 30%, avoiding multiple hard inquiries and establishing credit builder accounts. Rebuilding your credit history is essential for securing a stable financial future. At Debt...
Credit Management Options for Customers: A Guide by Debt Freeze
In today's financial landscape, effective credit management is essential for individuals striving to maintain healthy finances and achieve their financial goals. At Debt Freeze, we understand that managing credit can be a complex task. This blog will explore various credit management options available and how...
Which Credit Score Check Is Right For You? Understanding Your Options
Quick Summary: Soft inquiries (like checking your own credit report) do not affect your credit score, making them ideal for individuals looking to regularly monitor their credit. Hard inquiries happen when lenders review your report during the loan or credit application process, which can temporarily...
What Is Prescribed Debt? Understanding Debt in South Africa
In South Africa, many individuals find themselves battling with financial challenges that can feel impossible to overcome. Among the various concepts related to debt, "prescribed debt" is significant, yet often misunderstood. So, what exactly does this term entail, and what does it mean for you? Defining...
How to find a good financial education program or course to help get out of debt?
Finding a good financial education program or course can significantly help you understand personal finance, equipping you with the skills needed to manage your money effectively. Learning more about finances can help you plan and manage debt. Here’s a guide to help you find financial courses...
Your Guide to Debt Review: A Comprehensive Overview
How Does Debt Review Work in South Africa? At a Glance Debt review is a legal debt relief process established under South Africa's National Credit Act (NCA). It helps over-indebted consumers lower their monthly repayments into one affordable payment, reduce interest rates, and secure legal protection...