Number of people seeking help from debt counsellors rises 40% year on year
10 May 2023 - 14:09
More South Africans are seeking the help of debt counsellors to help manage their finances as high inflation and interest-rate hikes squeeze their disposable income and hamper their ability to repay their liabilities.
According to the Debt Index by DebtBusters, a company that helps consumers manage their debt, the number of inquiries grew 40% year on year in the first quarter. Consumers spent close to two-thirds of net income to pay off debt...
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